WOW - Other Stuff
The Proverbial Wedding Budget
A 2009 Amercian Wedding Study conducted by Brides.com complied some interesting statistics about wedding budgets. Spending may be up, but people are being smarter about how they are investing their money. In 2009 the average traditional wedding cost $28, 082 and the average destination wedding cost $27, 981.
However, as always, statistics can be misleading. One or two weddings on the expensive side can really raise the average. Here are some figures that are a little more helpful.
- 27% will spend less than $10,000.
- 27% will spend between $10,000 and $20,000
- 25% will spend between $20,000 and $35,000
- 21% will spend over $35,000 on your wedding
This does not include the cost of the rings. By the way, up to 39% of you will spend more than you budgeted. The most expensive parts of your wedding will be the reception and the photography. And this is why it is so critical to figure out your priorities before you start spending any money. I personally know of one bride who was so ga-ga over a venue that she spent over 1/3 third of her entire budget to book the location. She spent another 1/3 on the venue recommended caterer. When she began purchasing her other wedding services she was dismayed to learn that she couldn't have much of what she wanted because she had no money left.
Engagement Rings - 24% of you will be wearing a ring that cost between $1,000.00 and $2,499.00. 44% percent of you will have a ring that ranges in price between $2.500.00 and $9,999.00. 2% of you will have an engagement ring that is valued at over $25,000.00