What Are the Top Three Expenses for a Wedding?

Getting married is a wonderful occasion that calls for celebration, but many couples quickly realize one thing—weddings can be expensive. Expenses like the wedding venue, food, alcohol, and the reception can take up the biggest chunk of your wedding budget.

While everlasting love has no cost, the monetary expense of the average wedding can generally set you back somewhere between $20,000 and $30,000. But if your heart desires a celebration in a more densely populated area, like New York or California, prices may reach above $40,000

If you don’t want to tap into your savings, wedding loans are available to help you cover the expected and unexpected. So, whether you have unforeseen additions to the guest list or other upgrades for the big day, a loan can help you have enough funding to make your dream wedding a reality.

Keep reading to learn more about the top three wedding expenses:

Venue 
The venue for your wedding is one of the most significant expenses you’ll face when planning the event. Many venues come with their own catering packages and other amenities, like décor and chairs, which can help reduce costs. However, the venue can still be expensive depending on where you decide to host your special day.

Certain choices may lower the cost of the venue. For instance, having a wedding during the week or on a Sunday morning may be cheaper than peak days like Friday and Saturday.

Food and alcohol

Between expensive menus, delicious hors d’oeuvres, and top-shelf alcohol, you may spend one-third to half of your wedding budget on food and drinks.

Whether you decide on a full bar or just beer and wine service, research the best options in advance to get the most bang for your buck. If you want to save even more money, you might consider cutting down your guest list, which may significantly lower food costs.

All in all, food and alcohol expenses should always be addressed ahead of time so that you can ensure a fabulous occasion without breaking the bank.

Reception essentials—décor, music & cake 

The decorations at your wedding play an essential role in setting the tone for your big day. From floral arrangements to lighting displays, reception costs can add up quickly if not carefully planned.

Similarly, music is also essential for creating your reception vibe. A good DJ or live band can cost hundreds or even thousands of dollars depending on the length of time they’re needed and their level of experience.

And finally, the cake. Wedding cakes are a tradition, but they require a skilled baker with specific expertise, which can be costly. While small cakes may seem more affordable, remember they won’t feed as many people. So, if you’re expecting many guests at your event, this might not be where you choose to cut corners.

Bottom line

Planning a wedding is no small feat—it requires careful consideration and budgeting of many expenses. The three top wedding expenses are the venue, food and alcohol, and reception essentials like decorations, music, and cake.

Since it’s easy to get caught up in the details when planning your big day, having a rough financial plan can help you forecast expenses and relieve some of the stress of planning.

SPONSORED CONTENT

Contact Information:
Name: Sonakshi Murze
Email: [email protected]
Job Title: Manager