June has arrived and with it – the June wedding season.
According to The Wedding Report, a market research publication, the average American wedding costs almost $29,000. Yikes! For a one-day event – and that doesn’t include the honeymoon.
Seems to me that $29,000 is a nice down payment on a home, or a great payment on student loan debt and a fabulous amount for investment since most newlyweds, given their average age, have the power of compounding time on their side.
It’s ironic that most couples will say things like “we don’t want a big wedding” and “it doesn’t have to cost much”. Still, as soon as you begin planning the big day, like everything else, the costs add up. Reality is funny that way.
According to The Wedding Report, a market research publication, the average American wedding costs almost $29,000. Yikes! For a one-day event – and that doesn’t include the honeymoon.
Seems to me that $29,000 is a nice down payment on a home, or a great payment on student loan debt and a fabulous amount for investment since most newlyweds, given their average age, have the power of compounding time on their side.
It’s ironic that most couples will say things like “we don’t want a big wedding” and “it doesn’t have to cost much”. Still, as soon as you begin planning the big day, like everything else, the costs add up. Reality is funny that way.
- Church/Officiant Fee: $500
- Reception Site Rental: $2,500
- Food: $40/plate x 100 = $4,000
- Photographer: $2,000
- DJ or Band: $1,500
- Flowers: $750
- Cake: $500
- Rings: $5,000
Dress/Tux: $500 - Open Bar: $3,500
- Total: $20,750
And make no mistake – the wedding “industry” is big business – look how things have changed since World War II.
My hope here is that as couples prepare for this important moment, they resist the temptation (and in some cases, the pressure) to put on an elaborate event for the benefit of others. This is your day and your choice – focus on a new future and how you will approach that future as the new home team.
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