It’s a staggering fact that the average wedding cost in 2023 was a whopping $35,000! This figure can be a real eye-opener for many, highlighting the need for effective cost-cutting strategies.
However, you can get the wedding of your dreams without burning a hole through your pocket. Discovering these cost-cutting methods can bring relief, allowing you to have a joyous time without any financial worries.
By taking control of your wedding budget, you can feel empowered and confident in your financial decisions. And don’t miss out on the bonus tip! It’s a crucial part of your financial planning.
So, let’s discuss the seven creative ways to cut costs without compromising on your special day.
Try These 7 Creative Ways To Cut Costs For Your Dream Wedding
1. Know Your Priorities
Figure out what elements of your wedding mean the most to you and your partner. Centre most of your budget around these priority wedding elements and cut back on the others.
Does your wedding have to be an intimate, location-specific ceremony in South California, or is anywhere fine? Do you want top-notch drone photography and videography for a hillside wedding in Pennsylvania over regular photographers?
Is entertainment with aerial dancers or performers a more prominent need? Or is having couture designer attire the most essential part of your wedding? Know these non-negotiable elements and the rest will fall into place.
2. Timing Is Key
Another major factor determining the cost of your wedding is the time of year. Different regions have an on- and off-peak wedding season, so consider that when choosing your date.
Shoulder-season dates or the winter season mean more availability of wedding services at lower costs. Similarly, choosing weekdays over weekends will also slash costs, from vendor chargers to venue rentals.
Plus, if you’re flexible with your date, you can adjust your time or day, giving you the bargaining advantage to lower the price.
3. Use Your Craft Skills
DIY-ing your way through your wedding is not just a money saver, it’s a way to add a highly personal touch to your big day. You don’t even have to do it alone. Gather close family or friends and have a fun evening of arts and crafts.
You can find multiple tutorials for DIY decor, such as signage, centerpieces, alter setups, chair or table decor, etc. You can also design and print the invitations yourself or send them digitally to save more.
4. Unconventional Venues
If space isn’t a priority, you don’t have to choose a traditional venue for your ceremony and reception. A highly cost-effective solution is to have your wedding at a family member’s place with a big enough garden, a local park, or even a beach.
However, before you choose an outdoor location, ensure that you look at local regulations for events. Some places may allow events but restrict things like decorations, number of guests, etc. It’s all about being smart with your personal financial decisions.
5. Smart Shopping For The Attire
Wedding attire goes beyond the bridal gown or groom’s suit; it includes shoes, headpieces, jewelry, bouquets, and more. Instead of purchasing new garments, you can buy second-hand ones or even rent them.
While these are pocket-friendly options, certain companies offer them as legitimate services, so you won’t have to compromise your style. The bright side is that they’re the most sustainable options.
Watch out for sample sales or look at other occasion wear boutiques. You will find incredible alternative pieces designed for bridesmaids and groomsmen for a fraction of what it would cost otherwise.
6. Trim Your Guest List
While this may be tricky because you don’t want to leave anyone important out, limiting your guest list is one of the best ways to cut wedding costs. The number of guests determines the price of many other wedding elements, such as the venue, food and drinks, invitations, etc.
For example, say you want a stylish, modern celebration at The Pearl Hotel. Booking the venue is one thing, but other aspects, like catering, beverages, accommodations, or any add-ons, have a per-person price, which means the more guests you have, the more you’ll be paying per head for these services.
7. Stay Organized
The entire planning process is essential, and staying organized is key to not having any unwanted last-minute surprises. You can utilize the power of technology with the many budgeting apps and tools out there.
Similarly, you can also create an Excel spreadsheet and log every expense as it happens. This way, you’ll be organized with what you buy and have a quick view of your purchases to stay within budget.
Bonus Tip: Contingency Fund
You can never predict mishaps, so you must set aside some money in a “contingency” fund. It doesn’t have to be a significant amount. The equivalent of 5-10% of your total budget is usually enough.
This way, you don’t have to drown in worry should there be any emergencies or unexpected expenses. Plus, a financial cushion offers peace of mind throughout your wedding.
Enjoy The Process
It may be easy for anyone to say, “Just have fun!” when you’re riddled with the many questions of planning and budgeting a wedding. However, it can become smooth sailing with little collaboration, consideration, and research. With the steps mentioned above, you can budget your wedding like a pro in no time.
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