If you’re planning a wedding in 2023, you’re probably wondering how much it will cost — and how you’re going to afford it.
On average, couples in the US spent $28,000 on their wedding ceremony and reception, according to a survey by The Knot.
OK, that’s cute, you might be thinking. After all, who has nearly $30,000 to blow on one day — especially in this economy?
The truth is, there are plenty of easy ways to save money on a wedding in 2023. You’ll need to be open-minded, creative and willing to compromise on a few things. But with a little planning, you can throw a memorable wedding for much less than the national average.
Here’s how to get started.
12 Ways to Save Money on a Wedding in 2023
1. Figure Out Your Wedding Budget
The first item on your wedding to-do list is creating a budget for your big day.
Your wedding budget is your financial roadmap. Think of it as a set of guardrails to rein you in from splurging and overspending. A budget can also help you avoid starting your marriage off saddled with debt.
Before you get started, sit down with your fiance and ask yourself these questions:
- What are your wedding “must-haves”?
- How long will your engagement last?
- How will you pay for the wedding?
Your savings, plus any financial contributions from family, will determine how much money you can spend on your wedding.
That number will be different for everyone. A couple in their mid- to late-30s with high-paying jobs and generous families might be able to afford a luxurious $80,0000 wedding. But a young couple right out of college with a small family network may only be able to budget $5,000 for a backyard wedding.
Be realistic about your savings and resources.
If you don’t have enough money to cover the extras, your two primary options are:
- Plan a less expensive wedding.
- Push back the wedding date to allow more time to save up.
Once you figure out how much you can afford to spend as a couple and how much your…