Shocking Numbers: Most Couples Blow Their Wedding Budget—Find Out How Much They Actually Overspend!
If you’re spending more than you planned, you’re not alone—many couples find themselves in the same situation.
How Many Couples Exceed Their Wedding Budget—And By How Much?
First off, if you find yourself exceeding your original wedding budget, don’t be too hard on yourself—you’re certainly not alone. Many couples find that they end up spending more than they initially planned, with some going over budget by several thousand dollars. It's not uncommon for high spenders to exceed their limits by over $10,000. While inflation and economic factors have certainly played a role, the trend of going over budget on a wedding is something couples have faced for years.
How to Avoid Overspending on Your Wedding Before You Start Planning
Preventing overspending on your wedding starts with smart planning from the very beginning. In today’s wedding planning landscape, flexibility is crucial when sticking to a budget. If you’re just starting to plan your big day, making a few key decisions early on can help you save money and keep your spending in check right from the start. Here’s how you can set yourself up for budget success.
Set a Budget before planning anything
Before diving into vendor research, it's crucial to determine your overall wedding budget. Start by sitting down with any family members who may be contributing financially and agree on the total amount you can spend. Once you have that figure, consider using a budgeting tool to allocate your funds across different wedding-related expenses. While the average wedding cost hovers around $35,000, this number can vary greatly depending on factors like location, guest count, and personal preferences. Setting a clear budget from the start will help you make informed decisions and avoid overspending.
Allow yourself enough time to prepare
While short planning timelines are sometimes unavoidable, giving yourself at least a year to plan your wedding can offer several advantages. Rushed timelines often lead to additional costs, such as rush fees and other unexpected expenses, which can push you over budget. By allowing more time, you can avoid these extra charges and make more thoughtful decisions that align with your budget.
Consider choosing a wedding date during the off-season or on a weekday.
Many venues and vendors offer discounts for weddings held in the winter months or on weekdays, which can help you save significantly. With the current surge in weddings, we’re also seeing a rise in weekday and morning weddings (brunch, anyone?), making these options even more appealing.
Hiring a wedding planner might seem like an additional cost, but it’s an investment that can actually save you money. A skilled planner knows the industry well and can help you select vendors that fit your budget while steering you clear of potential overspending pitfalls.
