Wednesday, June 03, 2015

Wedding Cost Too Much or Money Well Spent? June 3, 2015


So, this is a question that every parent and every bride and groom asks, are we spending our savings wisely?

Is a huge outlay for a wedding a good investment?

I can tell you that there were some interesting responses to the question and for the most part people want to hold the cash but convention says spend, spend, spend!

THE PODCAST.

Here is what some said via the SMS.

Save the money to pay for the divorce

We and wife married it was in a good international hotel and it cost us around 100k total with honeymoon and it was a excellent venue and setup and we had around 150 people with 10 dishes buffet I think it's the dowry which takes it that high we all should fight against dowry we don't believe in this regards rashid

Hey James, it's Sam here from the pr professionals.... Am planning my wedding now and as simple and as small as we are trying to make it the more stressful it is to keep out extended family happy. British Pakistani wedding

Hi guys, during 70's and 80's marriages would last longer(mostly) and I see the point of splashing a little more than what I would probably spent now seeing how immature modern day couples are. Invest a decent amount and use the rest to work on the marriage daily:-)

Hey guys great show. Wedding dress only 5th, you clearly haven't met my wife! Cheers, alex

We spent aed 1.5M total for our wedding. Indian weddings nowadays, each family wants to top the other. 750k each family spent. And I was completely stressed out throughout the wedding because the expectations were high. Waste of money!!

Hi folks, I got married just over two months ago where the wedding was in London, the reception in Abu Dhabi and then a honeymoon out at bani YAS island. Then my wife has flown back to London last week as well. I'm 29 and Needless to say my entire car fund that I'd saved for my new car no longer exists.Talk about a truly international expensive wedding. All I wanted was a wedding at McDonald's and everyone would have gotten a happy meal! Aiez from Abu Dhabi

From someone who splurged on everything ( I had 1000 pax wedding, females alone) save the money for an amazing honeymoon that is what stays with you. Aslong as you're surrounded by loved ones on your big day that's all that matters. Also to the person who said not to splurge in case of a divorce why notbe positive?

We spent aed 1.5M total for our wedding. Indian weddings nowadays are only about expectations. Each family wants to top the other. At our wedding we shared the costs equally. But even having spent such a huge amount, I was completely stressed out throughout the wedding because the expectations were soo high and everything had to be so perfect!Waste of money!!

Hi guys. In many countries burden of weddings became so hard, governments made law to limit number of guests. This is the case for some countries. We need to make small weddings popular. 

James forgot to mention in the haste to share my story. We manage wedding events for our clients. On average the Russian market spend around 800,000 foraround 150 max guests as their menu items include caviar and the best premium drinks and the Indian Sindhi market spend on Average around 400,000 - 600,000 becauSe they have multiple functions for around 300 guests. It's better to save that money and invest in a sound secure future as opposed to splashing so much cash to keep others happy! Ps; I'm shopping for my centre pieces now at the whole sale market ;)


The show notes!
Cost in Dubai!
"A couple today should expect to spend a minimum of between Dh300,000 and Dh500,000 on their wedding day," says Zainab Al Salih, wedding planner and managing director of Carousel. "Based on our experiences of organising mid to high-range weddings, we can say that a realistic budget would be anywhere between Dh1,200 and Dh1,500 per guest."
According to Carousel wedding planners, the trend is moving away from either large-scale or thumbnail weddings, with the average couple inviting approximately 250 guests to their reception. That's already over Dh300,000 for the reception alone.
Top 5 expenses!






Chateau de Vaux le Victome, FranceBurj Al Arab, DubaiNew York LibraryThe Magic KingdomNapa ValleySunset Restaurant, MalibuGreat Barrier ReefTreehouse Point, WashingtonGreat Wall of ChinaThe Great PyramidsAyers Rock, AustraliaMachu PicchuIce Hotel, SwedenEiffel TowerStonehenge, England
010,00020,00030,00040,00050,00060,00070,00080,000
Additional Information:



Average Total Cost of Wedding
$28,082
Attire & Accessories
$1,600
Wedding Dress
$1,053
Dress Accessories
$144
Headpiece and or Veil
$119
Tuxedo / Suit / Other Accessories
$111
Tuxedo / Suit / Other Rent/Purchase
$271
Beauty & Spa
$130
Makeup Service
$60
Hair Service
$71
Manicure & Pedicure
$47
Entertainment
$1,300
DJ
$748
Live Band
$1,751
Musician / Soloist / Ensemble
$559
Flowers & Decorations
$1,800
Boutonnieres, Corsages
$134
Bridal Bouquets
$139
Bridesmaid Bouquet
$180
Ceremony Decorations
$235
Ceremony Flower Arrangements
$298
Flower Girl Flowers
$86
Flower Petals
$88
Reception Decorations
$287
Reception Flower Arrangements
$348
Reception Table Centerpieces
$366
Gifts & Favors
$800
Gifts for Attendants
$196
Gifts for Parents
$148
Tips (for all services)
$374
Wedding Favors
$262
Invitations
$800
Ceremony Programs
$110
Engagement Announcements
$150
Guest Book
$59
Invitations & Reply Cards
$255
Postage
$85
Reception Menus
$119
Save the Date Cards
$125
Table Name and Escort/Place Cards
$84
Thank You Cards
$94
Jewelry
$4,500
Engagement Ring
$3,465
Wedding Band
$1,862
Photography & Video
$2,800
Digital or Photo CD/DVD
$296
Engagement Session
$335
Prints and/or Enlargements
$224
Traditional Leather Bound Album
$459
Wedding Photographer
$1,777
Wedding Videographer
$1,152
Planner Consultant
$1,250
A La Carte Services
$1,123
Day of Coordinator
$845
For Getting Started
$880
Full Service
$2,491
Month of Direction
$1,302
Transportation
$400
Limo Rental
$487
Other Transportation
$420
Venue, Catering & Rentals
$10,500
Ceremony Accessories
$206
Ceremony Location
$937
Ceremony Officiator
$219
Hotel Room for After Reception
$281
Reception Accessories
$203
Reception Bar Service
$2,207
Reception Food Service
$4,339
Reception Location
$2,672
Reception Rentals
$1,385
Rehearsal Dinner
$865
Wedding Cake/Dessert
$386
Marriage License
$70
Honeymoon
$3,700

Top 2014 Wedding Statistics
  • Average Wedding Cost: $31,213 (excludes honeymoon)
  • Most Expensive Place to Get Married: Manhattan, $76,328 average spend
  • Least Expensive Place to Get Married: Utah, $15,257 average spend
  • Average Spent on a Wedding Dress: $1,357
  • Average Marrying Age: Bride, 29; Groom, 31
  • Average Number of Guests: 136
  • Average Number of Bridesmaids: 4 to 5
  • Average Number of Groomsmen: 4 to 5
  • Most Popular Month to Get Engaged: December (16%)
  • Average Length of Engagement: 14 months
  • Most Popular Month to Get Married: June (15%) followed by October (14%)
  • Popular Wedding Colors: Ivory/White (44%), Blue (37%), Pink (28%), Metallics (26%), Purple (23%)
  • Dark blue specifically has continued to grow every year, from 10% in 2008 to 24% in 2014
  • Percentage of Destination Weddings: 24%
We know weddings are expensive. Weddingbells Magazine’s annual survey recently revealed that couples spend an average of $32,358 to get married and go on a honeymoon. But lovebirds aside, it can be expensive for everyone else too. According to new research by American Express, people expect to fork out $539 per wedding this year, including $167 on travel and $108 on gifts. (Close family members spend an average of $179 on gifts and co-workers cough up $66.


Only 12 years to the new millennium and we have seen some of the most lavish weddings ever. From Chelsea Clinton’s $5 million wedding to Vanisha Mittal’s $55 million event, these larger than life weddings are fast becoming a global phenomenon.
In 2011 alone, the wedding industry was worth $321 billion. And it is only growing bigger with couples worldwide wanting the best there is on the D-Day.

Weddings

A survey by You & Your Wedding, the UK's leading bridal brand, has revealed that despite the tough

economic climate brides are more determined than ever to have the wedding of their dreams; with

the average cost of a wedding in 2014 totalling £20,983 and 50% of all brides expecting to go over

their initial wedding budget.

59% of brides do the bulk of their wedding planning alone

20% borrow money to fund their big day

Only 22% prepared to cut budget due to economic climate

The single biggest wedding expenditure is venue hire, costing an average of £3,397

Nationality Average Cost of

UK £20,500

USA $31,500 http://www.costofwedding.com/

Canadian $22,429 Wedding Bells Survey

Cheaper Alternatives

Virgin Weddings:  

Booked as a holiday where you can get married there for free.   

Tips on How to Save Money on The Big Day

http://www.theguardian.com/money/2008/jun/18/planningyourwedding

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