The average cost of a wedding in Canada is $32,358 according to Weddingbells magazine. If that number made your mind reel, you’re not alone. The cost of weddings has steadily risen, up 8% from last year while inflation grew less than 2%.
While some couples will have their weddings paid for by their families or out of their own pockets, others will look for lending solutions either through big banks or payday loan servicers like www.wonga.ca. It’s no surprise that they resort to credit when you take a look at where that money is going.
According to Weddingbells, the average number of wedding guests is 124. That doesn’t include the 12% of Canadian brides planning on having a destination wedding this year. While the expected cost for a wedding in Canada including a honeymoon is nearly $28,000, the average actual cost of a wedding jumps to more than $31,000.
Weddingbells broke down some of the most expensive items in the wedding budget and the prices are enough to make you cringe. Some of the highest include,
- Venue = $9,255
- Honeymoon = $5,470
- Rings/Bands = $2,470
- Photographer = $2,206
- Dress = $1,847
You can easily see how the costs of a wedding add up quickly, seeing as that isn’t even including decoration, transportation, music or favours.
If you’re looking to tie the knot but want to cry when you see those numbers on paper, have no fear. DIY weddings doubled in the past year and with sites like Pinterest making it so easy to search for ideas, a classy wedding can certainly be created on a budget.
Certain wedding costs can be all but eliminated if you’re willing to do the work. While it costs nearly $10,000 to pay for a venue, you can do it for free at your own house or if a relative with a beautiful backyard is willing to help you out. Chairs can be rented for cheap, and with a little elbow grease and some creativity, you can create the oasis you had been hoping for without the pain in your wallet.
And if you’re the type of girl who doesn’t care about the name on the label and knows that it’s the bride who will make or break the gown, Target has now come out with its own line of wedding gowns and bridesmaid dresses. Buy your wedding dress for under $200 and spend the extra money on alterations to make sure your dress fits like a glove.
Consider skipping things like favours or DJs altogether. Have someone donate their stereo system for the afternoon and create your own iPod playlist using sites like APracticalWedding.com. Even better, ask each of your friends and family to suggest one song to you and make the playlist collaborative. You’ll probably get some interesting songs and you’ll forever have a soundtrack made just for you.
Don’t let the staggering numbers bring you down. The wedding you’ve always dreamt of is totally possible with a little budgeting and creative thinking!