Food for Thought
The price of the average Canadian Wedding is around $21,000. Yes, $21,000. If we break it down into the kinds of weddings, 31% of couple spend $10,000 or less for an Economical Wedding, 43% of couples spend between $11,000 and $30,000 for the standard wedding, 23% of couples spending between $31,000 to $75,000 is more of a premium wedding and there is a very small percent (3%) that spend money on Luxury weddings (higher than $96,000). This does not include the honeymoon.
This is a lot to take in, I get it, but couples don’t really understand that a wedding costs money. It all depends on the kinds of wedding you have, sure, but a huge factor includes the amount of people coming and where you decide to have the wedding.
A majority of couples pay for their wedding on their own, and usually use the gifts to help offset things like the dinner portion of the wedding. If you’re lucky, your parents pay for the wedding, but that’s less than 22% of couples, so it’s no longer the norm.
I know when I planned my wedding I had a very detailed budget, initially we were in the economical range, but when we looked at everything (and trust me, I was very resourceful in saving us money) we ended up in the standard category.
At the end of the day, it’s what’s important to you, so invest in the things that will make you happy. For us that was food, entertainment and our pictures. Everything else was important, but not as important as those 3 things.
Just some food for thought, and if you have just recently been engaged, my best advice…. save, save, SAVE!
Source: Splendid Insights 2011 Global Wedding Study