Here’s How Much a Wedding REALLY Costs: Two Line-by-Line Budgets from 1987 vs 2011by Lauren Passell on May 24, 2012
For the first time in years (aka, since the recession), wedding budgets are surging, according to a recent survey by The Knot. In 2011, the average wedding cost $27,000. One in five cost upwards of $30,000.
The average Manhattan wedding? $65,000. Ouch.
Personal finance blogger Michael Pruser recently shared his wedding budget on the blog PT Money; the total — for a wedding held in October 2011 in New Jersey, with 75 guests — came in at $25,207.90:
This lists everything from the rings ($500 for hers, $110 for his) to her shoes ($29) and slip ($51), her gown and veil ($570), the flowers ($302.56), her mother’s dress ($145), the entire reception ($1,084), the photographer ($800), the priest ($100), alterations ($180), and plane tickets for visiting family members ($200). I don’t know how she did it. Well, she did get married in 1987 — that was her first smart move. Here’s my aunt’s grand total:
$5,471.37. That’s almost $22,000 less than today’s average. Go Aunt Sherroo! And nice note-taking skills. She says her husband Ellis knew “very little about the costs.”
As important it is to be thrifty, even Pruser says it’s okay to go a little nuts. (Though he was still below the national average.) “Even though I would say this event was 100 percent anti-frugal, we had an absolute blast. Yes, saving money is important, however, I would argue that the biggest priority when it comes to your wedding is having a good time because if you’re lucky, you’ll only get to do it once.”