The cost of a wedding

Wondering how much you will need to spend on your wedding? We've done a bit of homework and found some statistics from Australia, UK and the USA on what you may look to spend on average for your wedding. This is the most recent data collection available and we believe it still to be rather accurate to date. 

A gorgeous Art Deco diamond "dollar" double clip broach with baguette cut diamonds from the late 1930's is the picture we've used to depict this piece, not only because it is exceptionally beautiful but to express our thoughts on how you need to invest wisely and make your wedding into something simply timeless. 

A gorgeous Art Deco diamond "dollar" double clip broach with baguette cut diamonds from the late 1930's is the picture we've used to depict this piece, not only because it is exceptionally beautiful but to express our thoughts on how you need to invest wisely and make your wedding into something simply timeless. 

 

This is what you *may* look to spend on average in Australia:

 

$18,683 - Food, Alcohol & Venue

$4,271 - Wedding Clothing & Accessories

$3,983 - Photography

$2,896 - Entertainment

$2,869 - Flowers

$941 - Ceremony

$2,534 - Other

TOTAL COST: $36,200

 

In contradiction to these statistics, Bride To Be Magazine did a study, which showed that a wedding could cost up to $60k on average in Australia. That is a HUGE amount of money and has risen from the $54k it was a few years ago.

The study also said that couples in fact budgeted for less than half of what they would need to finally pay. Couples are not adequately advised on how to put together a realistic budget from the start. 

43% - Stayed within their budget

35% - Blew their budget

18% - Didn’t have a budget

18% - Used credit cards

56% - Contributions from parents

60% - Got a loan

82% - Used their savings

 

It is also common for young couples to foot the total wedding and honeymoon bill or completely blow their budget. As a result, many start their married life in a pool of debt. There isn’t a one size fits all. 

If you are interested in the international stats, one of the Wedding industry's largest annual study shows that the cost of weddings is on the increase. More than 18k American bride and grooms were seen to have spent almost UA$33k (approx. AUD $44k) in 2015. This was up approximately 5% from the previous year. The most expensive place was Manhattan where couples spent a whopping US$82k (approx. AUD $108k). 

One of the main reasons couples were spending more was because they wanted to have bespoke and personalised weddings rather than package deals. 

In the UK, couples have been known on average to spend:

Wedding Venue - £2790

Reception Venue - £3919

Catering - £3959

Photography - £1,046

Flowers - £638

Cake - £300

Entertainment - £773

Dress - £1,378

Shoes - £161

Stationery £271

Veil/Headdress - £138

Grooms Outfit - £439

Beauty - £301

Engagement Ring - £3,037

Wedding Rings - £809

Other Jewellery - £176

Honeymoon - £4,413

Gift - £2,400

Mother Of The Bride Outfit - £349

Attendants' Outfits - £436

TOTAL - £30,111

If you are struggling to work out your wedding budget and keep up with the rising costs, we'd suggest you pick one area that will make your day just that bit extra special. It might be you want to go all out on flowers and forget about fancy stationery and cut back in other areas. It's how you set your priorities and balance it out across different areas. 

If you are concerned about your budget, give our consultants a call. 

Kisses, 

Alex

 

These figures were provided by The Australian Securities & Investment Commission and Brides Magazine UK. These are not exact amounts that a couple might use, this is simply a guide. 


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