SOC-503_3 Costly Things That Will Make Your Wedding More Expensive_V1-R2_1280x720_01.png

Everyday Finances

3 expenses that could cause your wedding budget to balloon

Jun 26, 2024

Jackie-Lam.jpg

Written by

kim-rotter.jpg

Reviewed by

You've met The One. The person that fills your heart—and who you'd like to share the rest of your life with. Everyone wants to have a memorable wedding day. But we’d probably all prefer to remember the joy of the occasion and not the pain of the price tag. 

According to The Knot's 2023 Real Wedding study, the average cost of a wedding in the U.S. for the reception and ceremony combined is a jaw-dropping $35,000. That's up $5,000 from the year prior. (Nothing is spared from inflation.) Whether you pay cash or borrow for your wedding matters less than keeping costs under control. Setting limits and shopping smart can help you avoid getting carried away.

Here are three big-ticket expenses that are notorious for driving up the cost of a wedding, and some out-of-the-box ideas that could help you stick to your budget.

SOC-503_3 Costly Things That Will Make Your Wedding More Expensive_V1-R2_1280x720_02.png

The venue 

Venue fees can eat up the lion’s share of your wedding budget. The Knot says up to 37%, in fact. The average cost for a venue is $12,800. That fee is just for using the space. For editor Kimberly Rotter and her husband, the venue they were keen on for their 2009 wedding had a $9,000 site fee (in 2024 the fee is up to $15,000). 

To knock this figure down, they poked around for less-expensive options and landed on a picturesque public garden nearby for $250. The couple had to do a little more work, like renting and setting up chairs, but the dramatic savings were worth it. 

Besides giving up on the site you’ve got your heart set on, you could also trim costs by choosing a less popular day of the week or time of the year. Instead of having a wedding during the fall, which is the most popular season to get hitched, consider a date in spring. Kimberly got married on a Friday night instead of Saturday (the most popular day).

SOC-503_3 Costly Things That Will Make Your Wedding More Expensive_V1-R2_1280x720_03.png

Catering 

No surprise, but food can cost a pretty penny for your wedding. The Knot says that catering could take up about 28% of your budget. For the average $35,000 wedding, that’s $10,000 for food. The national average cost per guest is about $85 per attendee. 

Journalist Dori Zinn and her husband opted for a brunch at a bed-and-breakfast to save on food and drink costs. And instead of hosting an open bar, their guests enjoyed mimosas. The couple spent $7,000 for their entire wedding. 

Brynne Conroy is an expert in financial matters related to disabilities. When she got married, they saved a significant chunk of change by buying in bulk at Sam's Club. The venue was the groom's aunt's beautiful property, which had a full kitchen, and the ladies from church offered to cook.

To save on catering, you can trim down the guest list.  But if you prefer not to go that route, Brynne suggests that you look into an all-inclusive venue, which either handles the catering for you or has a restaurant. 

Dori suggests looking for local small caterers on Thumbtack. Request proposals and compare the quotes. 

SOC-503_3 Costly Things That Will Make Your Wedding More Expensive_V1-R2_1280x720_04.png

Flowers 

A pretty pansy can cost a pretty penny. The Knot says that flowers typically take up about 8% of your wedding budget. The national average for flowers, which racked up to $2,800, can be chalked up to inflation and potential flower shortages due to climate change. 

The cost of florals depends on the time of year, the type of flowers, and the arrangements. Kimberly was astonished to find that for her intimate, do-it-yourself wedding, she still shelled out $2,000 for two big arrangements for the ceremony, a small centerpiece for each table, a bridal bouquet, and one bridesmaid bouquet. 

To keep the cost from blossoming, be selective in how many arrangements and bouquets you buy. Go smaller if necessary. Shop for what's easily accessible and in season in the area, or opt for less-expensive options, such as branches. Think more greenery and less fresh flowers. Consider using silk flowers for some of the decorations, especially areas farther from the guests.

Sticking within your wedding budget doesn't mean you need to skip what's most important to you, or to settle for a tacky or less memorable occasion. By looking closely at costs, considering less-expensive options, and making trade-offs, you can have a beautiful, blissful day.

Author Information

Jackie-Lam.jpg

Written by

Jackie is an Achieve contributor. She is an accredited financial coach (AFC®) who has written for Business Insider, BuzzFeed, CNET, USA Today's Blueprint, and others. She coaches artists and freelancers.

kim-rotter.jpg

Reviewed by

Kimberly is Achieve’s senior editor. She is a financial counselor accredited by the Association for Financial Counseling & Planning Education®, and a mortgage expert for The Motley Fool. She owns and manages a 350-writer content agency.

Related Articles

SOC_WTFINANCE is a debt trap_1280x720_01.jpg

Everyday Finances

These subtle (and not so subtle) red flags could be signs that you’re falling into a debt trap. Read more.

3.jpg

Everyday Finances

Debts are not all created equal. Prioritize your debt as part of your payoff strategy. We’ll show you how.

Jackie Lam

Author

6.jpg

Everyday Finances

Compound interest is a two-sided coin. Good for your savings, bad for your debts. Find out more here.

Achieve Logomark

Achieve is the leader in digital personal finance, built to help everyday people move forward on the path to a better financial future.

Footer Trust Pilot Marker

TrustScore 4.8/5

Footer BBB Marker

.

Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank. Loan applications are subject to credit review, underwriting criteria, and approval. Loans are not available in all states and available loan terms/fees may vary by state. Loan amounts range from $5,000 to $50,000. For loans $35,000+ must have a minimum 660 credit score. APRs range from 8.99% to 29.99% and include applicable origination fees that vary from 1.99% to 6.99%. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 6.99%, a rate of 15.49%, and corresponding APR of 19.54%, would have an estimated monthly payment of $561.60 and a total cost of $26,956.80. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could help you also qualify for lower rates. Funding time periods are estimates and can vary for each loan request. Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Achieve Personal Loans hours are Monday-Friday 6am-8pm MST, and Saturday-Sunday 7am-4pm MST. $6,000 savings: Average savings claim for personal loans are based on 2023 data for 2, 3, and 4-year terms on funded debt consolidation loans for $21,600. Savings will vary based on several factors, subject to credit approval and other conditions. Any savings will be reflected in the offer.

Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501), Equal Housing Lender. All loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 8.75% - 15.00% and are assigned based on underwriting requirements; offer APRs include a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). Example: average HELOC is $57,150 with an APR of 12.75% and estimated monthly payment of $951 for a 15-year loan. 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (2.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Contact Achieve Loans for further details. Monthly savings claim is based on average monthly debt savings from originated loans for 2023. Monthly savings varies based on each loan situation and can be more or less than $800.

Affiliated Business Arrangement Disclosure: Achieve.com (NMLS #138464) and Achieve Loans are both wholly owned subsidiaries of Achieve Company. Because of this relationship, your referral to Achieve Loans may provide Achieve.com a financial or other benefit. Where permitted by applicable state law, Achieve Loans charges: 1) an origination fee of 2.50%, and 2) an underwriting fee of $725. You are NOT required to use Achieve Loans for a home equity line of credit. Please click here for the full Affiliated Business Arrangement disclosure form.

Resolution is available through our affiliate Achieve Resolution (NMLS ID # 1248929). All estimates for Achieve Resolution’s services are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all Achieve Resolution clients are able to complete their program for various reasons, including their ability to save sufficient funds. Achieve Resolution does not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. Achieve Resolution does not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Achieve Resolution’s services are not available in all states, including New Jersey, and their fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of Achieve Resolution services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements Achieve Resolution obtained on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825.

This article is sponsored by Achieve. Paid advertisement, not a real member testimonial. Individual results will vary.

© 2024 Achieve.com. All rights reserved. NMLS #138464