1. Money

Why Does a Wedding Cost So Much?

How Can You Budget for Such a Long List of Costs?

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The average couple spends almost $27,000 on a wedding, according to a 2012 report in USA Today. But many couples underestimate their wedding expenses, thinking that their nuptials will fall below the norm. After all, a $27,000 price tag sounds astronomical. What on earth could possibly cost that much?

There's the ring, the venue, the food, the flowers, the invitations, the cake -- and that's just the tip of the iceberg. Let’s take a look at all the expenses involved with a wedding, just so you have an idea of how much, realistically, you might end up spending.

Ring -- The jewelry industry “rule of thumb” is that a ring should cost two months’ salary, though that seems like an extraordinary high bar to meet. Nonetheless, a ring can cost anywhere from $500 to $5,000 or more.

Dress -- According to USA Today, the average bride spends $3,000 on her dress. Remember, in addition to the main gown, you might opt for a veil, shoes, and complementary jewelry. These can add up faster than you expect. (The groom, meanwhile, will have to shell out a few hundred for a rented tuxedo.)

Venue -- Renting a space for the ceremony, dinner and reception can cost thousands of dollars. Furthermore, many venues demand that the couple use their in-house catering or dining services, which may add to a couple’s costs because they’re locked into those food and beverage prices. Some people, however, choose to save money by hosting their wedding at a friend or family members home, or by reserving a free or low-cost space like a public park.

Food -- Appetizers, dinner and dessert can be costly. Many services bill “per person” or “per head,” so wedding planners sometimes advise couples to lower their wedding costs by cutting their guest list. Of course, that’s not a great solution for many couples who want their friends and family to be present on their big day. Alternative ways to lower your wedding food costs include offering a buffet-style, self-serve meal (as opposed to having individual dishes served by a waitstaff), serving vegetarian food or low-cost meats like chicken, or skipping the salad course.

Before-and-After -- Don't forget, you also have to serve food at the rehearsal dinner and the day-after brunch.

Invitations -- It may sound silly, but formal “save the date” cards, followed by official invitations, can add up to hundreds of dollars. Many couples choose to have a professional photographer snap pictures for the “save the date” card, which compounds the cost. You can trim this cost by designing your own invitations on Gimp, a free software program that’s similar to Photoshop. Then head to the nearest Kinko’s to print your invites, or buy a high-grade printer and some stock paper to print them at home.

Cake -- Creating a multi-tiered cake is a huge endeavor for the pastry chef, and couples are charged accordingly. Opting for cupcakes, which are cheaper and easier for pastry chefs to produce, can save you money. Alternatively, if your venue allows it, you can ask your friends or family to make the cake as a wedding gift to you. (Just don’t expect it to be “professional quality” if you take this route.)

Drinks -- Ah, the open bar. Alcohol can add up quickly. Curb the cost by offering only a limited selection of wines and beer (Trader Joe’s Charles Shaw brand of wine, nicknamed “Two-Buck Chuck,” is a good option). If your venue allows it, you can also recruit one of your friends to be the designated bartender for the evening.

Band or DJ -- Regardless of whether you book a music band or a DJ, prepare to spend between several hundred to several thousand. After all, the band needs to compensate its members and cover its instrument and transit costs; a DJ has to get paid for his time and compensate for his equipment costs. And you’ll probably use a music and entertainment booking agency to find the talent, which will also take a cut of the fee. You can trim this cost by putting together an iPod playlist for your wedding and asking a friend to be in charge of the sound system.

Guest Gifts -- Want to rent a photo booth, where guests can snap pictures of themselves? Want a popcorn machine or a candy-cane machine? Want to give your guests little jars of honey as a take-home present? These guest gifts cost a fair deal of money.

“Day-Of” Coordinator -- The actual day of the event requires a lot of event management. You’ll have a less stressful experience if you have a “day-of” coordinator who can manage all the different moving parts: making sure the groomsmen know where to go, directing the videographer and photographer, ensuring that the flower girl is in place.

Photographer -- You’ll want high-quality pictures of your big day. Wedding planners often advice clients not the cut the photographer budget, since the photos are the source of your memories. Many couples skimp from other areas, like flowers or centerpieces, in order to make sure they have a good photographer or videographer.

Honeymoon -- Yep, that pricey trip you take after the ceremony can count toward your wedding costs. Think carefully about whether you’d prefer a fancy wedding or a nice honeymoon. Some travel enthusiasts skimp on the wedding so they can spend a week at a luxury resort in the Maldives. Others, however, reason that they can travel at anytime but they’ll only get married once, so they designate the bulk of their budget for the wedding and skimp on the trip.

Decorations -- From flowers to centerpieces, from aisle runners to tablecloths, from chair covers to fancy menu cards, your wedding will involve a lot of decorative staging. Want lanterns? Candles? Need to rent silverware? It will all cost you.

How Can You Budget for This All?

This is an incredibly long list of expenses. Before you start spending money, review this list and number the expenses in order of priority. What's the number one thing on this list? The dress? The photographer? The honeymoon? What's the number two thing on your list? And what are you willing to give up in order to ensure that you can save enough money to pay for your top priorities?

Have each person -- bride and groom -- separately number this list this in order of priority. Then compare notes to see how your priorities align.

Budgeting is, at heart, the art of aligning your expenses with your priorities.The only way you'll be able to do this is by articulating which expenses take the number one position ... and by deciding what you're willing to give up in order to afford it.

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