Budgeting and Saving for a Wedding

June 28, 2012

By Katie Bryan, America Saves communication manager

pigwithringsA recent article revealed that the average couple spent $27,000 on their wedding in 2011. No matter how much your wedding will cost there are two important steps in keeping your costs to a minimum. Like planning for any large purchase it’s good to

Create a Wedding Budget and a Savings Timeline.

Setting a date and making sure you have enough time to save for your wedding are important first steps once you get engaged. You may want to pick a date and venue as soon as possible but take some time to figure out what kind of wedding you want to have and how much you want to spend.  Be sure to give yourself time to save enough money for whatever kind of wedding you want.

Soon after you have had some conversations about what kind of wedding you want to have (local vs. destination, small vs. big, day vs. evening) sit down and take a look at the numbers. It’s hard when you start with an “ideal” vision in your head and then realize the cost is out of your budget.  So before you make too many plans, sit down with your future partner and talk about how much you want to spend on the event. You may find it helpful to write out a range of the costs associated with all the different elements of your wedding. It’s amazing how quickly all the little items add up.

Download this Wedding Expense Spreadsheet to get started.

Find Ways to Save Money on Your Wedding Budget

Once you have a draft wedding budget written out, find places to cut money. Here are some suggestions on how to cut costs.

  1. Invitations – Design and print your own save the dates and invitations. Better yet, email them.
  2. Flowers – Make your own wedding bouquet and centerpieces by buying bulk flowers and assembling them yourself OR reuse bridesmaid’s flowers and centerpieces during the reception.
  3. Food – Do heavy appetizers instead of a full meal or a hold your wedding during the day to save money.
  4. Attire – Find cheaper alternatives in local department stores, or by buying used.
  5. Reception – Recruit crafty friends to make unique homemade centerpieces.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Tammy G. Bruzon | February 2, 2018

    Are your kids asking these common questions about money? Here’s how to answer them: http://bit.ly/2jGssJs #BetterMoneyHabits #ASW18

Saver Stories View all »

Saving Early: Key to Successful Future

Written by Katie Bryan | October 28, 2013

For Johnnie Lovett, a Young Illinois Saver, saving has been a habit since he was a teenager. “As a teenager, I was responsible for buying certain things with my allowance,”


Developing a Savings "Game Plan"

Written by Katie Bryan | October 28, 2013

Eunice Diaz, a teacher in Colorado Springs, had been noticing a pattern. Despite the fact that she and her husband were “making good money,” they were spending their entire earnings and “were still struggling at the end of the month.”


Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.


Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving