“Ugh, I hated my wedding day. If I could do it again, I’d spend my wedding budget differently.”
Engaged couples often hear this sentiment from people who have already been married. Three-quarters of married couples wish they’d done some things differently at their wedding, according to a survey from jewelry company Dana Rebecca Designs.
Forty-three percent had “flat-out regrets” about their day. You might be worried you’ll have similar regrets about your wedding day and expenses.
While some couples might feel as though their marriage ceremonies were overpriced and underwhelming, that doesn’t mean yours has to be.
You can work out your wedding budget to decide what’s worth the cost and what’s not. Find out where you should scrimp and save or pay full price.
Wedding costs to skip or spend less on
Fortunately, 90% of wedding couples do set a budget for their wedding, according to our wedding costs survey. Even so, most engaged couples have never planned a wedding before. That can make it tough to decide how to rank wedding expenses.
To find out which costs are worth it and which aren’t, we did some research into the biggest wedding budget regrets. Here are the marriage costs that couples could probably spend less on or skip.
Since the venue is one of the biggest expenses of a wedding, it can have a major impact on your costs.
You need to have your wedding and reception somewhere, but 36% of couples responding to a 2018 survey from insurance comparison site EverQuote wished they’d spent less on location. You might not regret opting for a smaller and simpler venue if it helps cut costs.
Dress, hair, and makeup
Looking your best is a big part of your special day, but you may be happier if you spend less on a wedding dress and your appearance.
One in 5 couples wished they’d spent less on hair and makeup, found a survey reported by Brides magazine. Another 19% said they’d spent too much on day-of wedding attire.
Flowers and decor
That same survey revealed that 22% of couples said they overspent on wedding flowers and decorations. And since these items are usually only enjoyed the day of the ceremony, it makes sense to cut costs.
There are much cheaper ways to get out the news of your big day than mailing out hundreds of invitations — an expense that couples wished they’d spent less on, according to Dana Rebecca Designs.
Wedding planner Chelsea Kennedy noted that couples often skip printed wedding programs for their ceremonies. “They may do a printed sign to display instead,” Kennedy said.
Rehearsal dinners or luncheons
Paying for a wedding is expensive. Feel free to skip any add-on events such as an engagement party, rehearsal dinner, or wedding luncheon.
Favors or wedding party gifts
Buying gifts for your wedding party members is a nice gesture, but it’s not required.
If you choose to include this expense, shoot for thoughtful gifts over pricey ones. “Wedding favors are definitely an optional expense, too,” Kennedy added.
Debt fees and interest
Nearly three-quarters of engaged couples expect to get into debt for their weddings, according to our wedding costs survey. But borrowing money to pay for your wedding could be expensive since you may pay borrowing fees and interest.
Avoid getting into debt for your wedding if at all possible. If you decide to borrow to pay for this celebration, keep your balance as low as possible and choose affordable wedding loans instead of high-interest options such as credit cards.
Purchases worth pricing into your wedding budget
While some couples’ wedding cost mistakes include spending too much, others wished they’d spent a little more.
While controlling costs is key to sticking to a budget, don’t sell you and your partner short of the wedding you want. Here’s where many couples are glad they splurged on.
Katy Almstrom is a personal finance coach who focuses on helping couples manage their money. As a frugal person, it seemed wise for her to accept a family friend’s offer to take photos for free at her wedding.
Now, the amateur results are her biggest wedding budget regret. “There are really only a couple of pictures in the end that I loved,” Almstrom said. “There’s not one picture of me with my entire family — even just my parents and my siblings.”
Kennedy agreed that spending on a photographer is key. “Couples should not cut corners on photography and videography,” Kennedy said. “After the wedding, that is all that is left. A good photographer and videographer will capture moments the couple didn’t even know happened.”
As the first vacation as a married couple, the honeymoon can make for some amazing memories that are well worth the cost.
Considering the average honeymoon costs $4,466 and lasts eight days, according to travel guide site TripSavvy, couples value this time together.
Planner or coordinator
One in 5 couples wished they’d spent money on a wedding planner or coordinator, reported Brides magazine.
While this cost isn’t always necessary, hiring help to plan a wedding can relieve a lot of stress and ensure the day goes off without a hitch. “Hiring a professional wedding planner or coordinator will allow the couple, family, and friends to relax and be present,” Kennedy explained.
Band or DJ
A wedding band or DJ can be a worthwhile investment for some music-loving couples, as 10% regretted not spending more on this expense, per Brides magazine.
“A good band or DJ is another area that doesn’t need to be cut,” Kennedy said. “They are truly what keeps the reception going.”
Many couples wish they’d spent less on the wedding and saved more for the future. Half of the couples surveyed by Dana Rebecca Designs said that if they’d had extra funds leading up to their wedding, they would’ve saved that money to help start their lives together.
Of course, every couple is different. You’re going to want a wedding that matches what’s important to you.
Only you can know if any wedding cost offers you and your spouse-to-be a good value. Still, reviewing the wedding expenses couples regret versus which they’d spend more on can highlight a few costs you should more closely consider in your budget.
Interested in a personal loan?Here are the top personal loan lenders of 2020!
|Lender||APR Range||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Includes AutoPay discount. Important Disclosures for Opploans.
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Opploans currently operates in these states: . *Approval may take longer if additional verification documents are requested. Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications processed and approved before 7:30 p.m. ET Monday-Friday are typically funded the next business day.
3 Includes AutoPay discount. Important Disclosures for Payoff.
4 Important Disclosures for FreedomPlus.
5 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
6 Important Disclosures for LendingPoint.
7 Important Disclosures for LendingClub.
All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.95% to 35.89%*. The origination fee ranges from 1% to 6% of the original principal balance and is deducted from your loan proceeds. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at the time of application. The average origination fee is 5.49% as of Q1 2017. In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,025 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months. Borrower must be a U.S. citizen, permanent resident or be in the United States on a valid long term visa and at least 18 years old. Valid bank account and Social Security number are required. Equal Housing Lender. All loans are subject to credit approval. LendingClub’s physical address is: LendingClub, 71 Stevenson Street, Suite 1000, San Francisco, CA 94105.
†Per reviews collected and authenticated by Bazaarvoice in compliance with the Bazaarvoice Authentication Requirements, supported by anti-fraud technology and human analysis. All reviews can be reviewed at reviews.lendingclub.com
**Based on approximately 60% of borrowers who received offers through LendingClub’s marketing partners between January 1, 2018 to July 20,2018. The time it will take to fund your loan may vary.
8 Important Disclosures for Earnest.
9 Important Disclosures for Avant.
*If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state.
**Example: A $5,900 loan with an administration fee of 4.75% and an amount financed of $5,619.75, repayable in 36 monthly installments, with an APR of 29.95% would have monthly payments of $250.30.
Based on the responses from 11,574 customers in a survey of 210,584 newly funded customers, conducted from 1 Feb 2018 – 1 Aug 2019 95.05% of customers stated that they were either extremely satisfied or satisfied with Avant. 4/5 Customers would recommend us. Avant branded credit products are issued by WebBank, member FDIC.
* Important Disclosures for Upgrade Bank.
Upgrade Bank Disclosures
* Personal loans made through Upgrade feature APRs of 6.98%-35.89%. All personal loans have a 1.5% to 6% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by WebBank, Member FDIC.
** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.
|5.99% – 20.01%1||$5,000 - $100,000|
|6.14% – 35.99%||$1,000 - $50,000|
|6.98% – 35.89%*||$1,000 - $50,000|
|99.00% – 199.00%2||$500 - $4,000|
|5.99% – 24.99%3||$5,000 - $35,000|
|5.99% – 29.99%4||$7,500 - $40,000|
|6.79% – 20.89%5||$5,000 - $50,000|
|9.99% – 35.99%6||$2,000 - $25,000|
|6.95% – 35.89%7||$1,000 - $40,000|
|5.99% – 17.24%8||$5,000 - $75,000|
|9.95% – 35.99%9||$2,000 - $35,000|