When planning a wedding, one of the first and most crucial steps is determining a realistic budget. The question of what makes a good budget for a wedding does not have a one-size-fits-all answer, as it greatly depends on individual preferences, location, and the scale of the wedding.
In 2021, the average wedding cost around $28,000, but this figure can significantly vary. For instance, weddings in major cities like New York can reach an average of $43,536. In Vancouver B.C, where I am based, weddings can average $50,000. These numbers provide a baseline from which couples can start planning.
A typical wedding budget is divided into several categories. The largest portion often goes to the reception (about 45%), covering the venue, catering, and rentals. Photography and videography take up around 12% of the budget, ensuring that your special moments are beautifully captured. Music and entertainment, which set the tone for the celebration, account for about 10%.
Every couple is unique, and so are their wedding priorities. It’s essential to discuss what aspects of the wedding are most important to you. Is it the location, the number of guests, the food, or the photography? Once you’ve established your priorities, you can allocate more funds to these areas and cut back on others.
Don’t forget to include a buffer for unexpected expenses, usually around 5-15% of the total budget. Also, consider ways to save, like cutting down the guest list, choosing a less expensive venue, or opting for minimalistic decor.
A good wedding budget is one that reflects your personal values and priorities while remaining within your financial means. It’s about finding a balance between your dream wedding and your financial reality, ensuring that your journey to marital bliss doesn’t start with financial stress.