Our family has had the great fortune of being involved in the weddings of our oldest son and our oldest daughter over the last two years. Besides being a pretty emotional experience with each of them, it was a great learning experience for me as the father of the groom for our first wedding and the father of the bride for the second one. Through my experience, as well as through talking with other dads, I found that there are some important guidelines and tips to follow when planning for, and financing, the costs of these important milestone events. The most important element of this planning is the wedding budget.
Weddings can be elaborate and very expensive or they can be fairly simple and affordable. The decision about a wedding budget is one that needs to be made by the bride and groom and their families-together. While tradition dictates that the bride's family covers most of the expenses of a wedding, that tradition is not necessarily relevant today. Particularly with marriages that occur after the bride and groom are educated and established, many of today's weddings are primarily financed by the bride and groom themselves. In other cases, the traditional divisions of responsibilities for wedding expenses are more flexible than ever.
What Will a Wedding Cost?The average U.S. wedding today costs about $20,000, not including the honeymoon. That is a pretty staggering figure, but recognize that the costs associated with a wedding can be controlled based on several factors. I have seen and participated in elegant but simple weddings that cost $5,000 and some that I'm sure exceeded $50,000.
About half the cost of a wedding will be for the reception. This includes the cost of the venue, the catering, the clothing (except the wedding dress) and associated costs. These costs can be managed by scaling the reception appropriately, by determining what food will be served, and by selecting an affordable venue and decorating scheme.
Wedding dresses vary dramatically. You can expect to spend about $500 - $1,000 on a good quality machine-made wedding dress. If your bride wants something more customized, expect to pay upwards of $2,000. If the dress is a custom creation, tailored specifically to your bride, the costs are perhaps 3 to 4 times as much.
Photography is more expensive than you may think. Most fathers I know have had some "sticker shock" from the costs associated with a good wedding photographer. Currently, you can expect to spend around $2,500 or more for a photographer, including proofs of the photos. Enlargements and an album will be added to the base price.
The legal stuff is a bargain. The costs for the ceremony itself-what really counts-is perhaps the least expensive part of the wedding. A marriage license and the costs associated with the officiator (minister, rabbi, judge, public official) probably run together under $200.
A wide world of invitations. One of the more variable costs for a wedding is the invitation. From a few hundred dollars to $1,500 or more, the invitations and postage are often the basis on which people judge a wedding (and maybe the bride's family).
Wedding rings are important. After all, what tangible evidence do you have of a wedding 20 years later when the photos and memories are put away? But there is also a very wide difference in the costs of wedding rings. Quality is important; showiness probably less so.