There is no point in kidding anyone – weddings ARE expensive. You mention wedding and everything seems to double in price. According to Brides Magazine, the average British wedding now comes to a total of around £24,000. That’s the equivalent to a small deposit for a house!
A recent study of more than 2,000 married women by jewellers Beaverbrooks found that only 18 per cent of brides’ parents paid for a wedding in its entirety.
While traditionally the bride’s parents pay the lion’s share of the cost, nowadays many couples pay for their own weddings, especially since a lot of people get hitched when they are a bit older and have had a chance to save.
In my opinion the figure set by Brides Magazine is slightly misleading! Average figures aren’t always very accurate. They span weddings that cost hundreds of thousands of pounds through to some that cost a few hundred pounds.
Bridal website Confetti released some rival statistics, showing the biggest proportion of newly-weds, at 34%, actually spend between £5,000 and £10,000, with almost as many people spending £10,000 to £20,000 – at 33%.
But almost a quarter of people spent less than £5,000 on their wedding.
This just goes to show the vast differences in budgets – which means there is no one-size-fits all solution.
How much you splash out on a wedding is down to you.
Some people are happy with a quick visit to the register office while others wouldn’t feel properly married without a huge ceremony and wedding breakfast for 200.
The Rough guide to Family Finance produced an infographic which shows that the most expensive items are engagement ring, bride’s outfit, wedding venue and reception. This is just an average cost – many people end up spending less or more.
We can help with budgeting for your wedding – contact us about arranging a budgeting workshop for you, or a DIY wedding workshop? Or any help that you need.