How To Have The Perfect Wedding? So many details and decisions, it can definitely become overwhelming! 

This infographic and wedding advice from INVESTMENT ZEN can help you cut through much of the red tape and make informed decisions.. read on for great DIY Wedding Planning advice from a financial pro…

 

Trying to plan a wedding? You’re part of two million people that tie the knot every year. Websites like Pinterest and Facebook become flooded with wedding inspiration and pictures.

 

While this helps when you’re looking for ideas, it can become too much to handle. A crazy number of ideas get written down and those planning the wedding soon realize that their dream wedding would be extremely expensive and unattainable without the help of a lot of credit cards and loans. Fortunately, by knowing a few of the best times and places to have a wedding, you can still have your perfect wedding without going into serious debt.

 

Saturday weddings are the most expensive. Venues charge significantly higher rates on Saturdays. You can save a lot of money by waiting until Sunday or even a weekday to have your wedding. If you still strongly about getting married on a Saturday, be prepared to make some extra money to help cover the extra costs.

 

If you’re getting married in the city you live in, tapping your friends and family for recommendations can help you save money. You’re more likely to get a better deal and you’ll have a better chance of getting a better experience. You can also ask your friends and family for help on the big day. If you have a friend that’s great with design or photography, this will help tremendously.

 

These are just a few tips that will get you started on planning your perfect wedding. Before you get lost in wedding planning, check out the infographic from Investment Zen below. It shows quite a few more tips to make sure your big day is the best it can be. You’ll find tips on the cheapest places to get married as well as the best times of the year to get married. There are even a few honeymoon tips thrown in to help you enjoy your wedding even more.

 

wedding budgets tips and advice

THE COUPLES

  • Average age of Bride: 30
  • Average age of Groom: 32

Same-sex couples skew these ages upward with female average age at 33 and males average age at 38.

THE ENGAGEMENT

  • The Average Cost of an Engagement Ring: $5000 (36% spend 2 months of salary on the ring)
  • 70% Ask for Parents’ Blessing
  • 18% of all engagements happen in December

TOP 5 MOST POPULAR DAYS TO GET ENGAGED IN 2016

  1. Christmas Day
  2. Valentine’s Day
  3. Christmas Eve
  4. New Year’s Day
  5. New Year’s Eve

WEDDING PLANNING

Top 5 Reported Challenges in Wedding Planning:

  1. Determining the Budget and Guest Size
  2. Making Decisions
  3. Keeping Track of Expenses
  4. Knowing You’re on the Right Track with Planning
  5. Finding Vendors

On average, couples hire 13 vendors for their wedding. The top 3 most commonly hired are:

  1. Photographer (84%)
  2. Reception Venue (79%)
  3. Hair and Makeup (72%)

 

  • 52% of Millennials have all/the majority of their wedding paid for by their parents.
  • 61% of same-sex couples pay for the majority of their wedding, but are receiving more financial help from family and friends than in years past.
  • 63% of all Gen X couple are paying for all/the majority of the wedding on their own.

THE WEDDING

Average Wedding Cost (excluding honeymoon) in 2016: $35,329

  • Average Wedding Dress Cost: $1,564
  • Average Reception Venue Cost: $16,107
  • Average Reception Band Cost: $4,156
  • Average Reception DJ: $1,245

5 MOST EXPENSIVE PLACES TO GET MARRIED IN THE US

  1. New York – Manhattan (Average Wedding Cost: $78,464)
  2. New York – Long Island (Average Wedding Cost: $67,831)
  3. New Jersey – North/Central (Average Wedding Cost: $62,606)
  4. Illinois – Chicago (Average Wedding Cost: $60,035)
  5. New York – Outer Boroughs (Average Wedding Cost: $59,027)

MOST AFFORDABLE STATES TO GET MARRIED:

  1. Arkansas (Average Wedding Cost: $19,522)
  2. Utah (Average Wedding Cost: $20,337)
  3. Montana (Average Wedding Cost: $20,337)
  4. Texas (Average Wedding Cost: $21,688)
  5. Oregon (Average Wedding Cost: $21,854)

TOP 5 DAYS TO GET MARRIED IN 2016:

  1. October 22
  2. October 15
  3. October 8
  4. November 5
  5. September 24

 

  • 84% of Ceremonies have at least one person wearing white
  • 70% wear something old, new, borrowed and blue
  • 87% of couples perform first dance
  • 84% have a cake-cutting ceremony

THE HONEYMOON

The average cost of honeymoons is around $4000

  • 28% Accommodations
  • 23% Airfare/Travel
  • 21% Food/Drinks
  • 19% Activities
  • 9% Other

DESTINATION WEDDINGS

20% of Weddings in 2016 were Destination Weddings

89% of U.S. Destination Weddings take place in the United States, with the top 3 locations being:

  1. Hawaii (35%)
  2. California (14%)
  3. Florida (12%)

The Top 3 International Destination Wedding Locations of 2016 were:

  1. Mexico
  2. Dominican Republic
  3. Jamaica

HOW TO SAVE MONEY ON YOUR WEDDING

Don’t Get Married on Saturday
Venues and vendors often charge a premium for booking on Saturdays because so many couples get married on Saturdays. Sunday or weekday weddings can often cost a significant amount less.

Be Realistic
Pinterest and Instagram-worthy weddings has caused expectations to be unrealistically high. Figure out a budget and be realistic about what you can do with it.

Prioritize
Have an honest discussion about what’s important to you at your celebration. If both of you really care about having good food, but don’t care as much about the decorations, focus your budget towards the food.

Rethink the Venue
The reception venue is the largest cost at most weddings. Think of creative places that could cost less. Consider the backyard of a friend or a public park that has lower rental fees.

  • This is where prioritizing helps. If the “where” is your most important item on your list, you’ll have to budget in all the other categories.

Embrace Rustic Glam
The new trend of weddings–Rustic Glam–involves dressing up natural elements. Take advantage of the natural part of the trend. Forage for your flowers among friends’ gardens. Reuse free pallet wood as decor.

Enlist Help
Buy your friends some pizza and have a pre-wedding party to prepare food, make decorations, etc. Doing things yourself can save money, but you’ll need help.

Ask Around
Often your vendors or your rented venue will have decor that is included in your package or can be added for a fee if you ask. Also ask friends and family and recently-wed acquaintances. Many people have decorations left over from their own weddings they may be willing to loan you.

Serve Food Creatively
Each tier you add to your wedding cake costs extra and if you get a cake large enough to feed your entire crowd, you could be spending a lot. Go with a small, ceremonial cake and then use sheet cakes for your guests. Also use smaller drink glasses. Many people take a sip, set it down, and then go back for another one.

From : TIFFANY MCADAMS INVESTMENT ZEN

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