If you’re planning a wedding in the near future, money’s likely to be on your mind – and with good reason. Weddings can be expensive. We take a look at what you might be spending and where you could save.
The cost of saying ‘I do’ has risen 5% over the past 5 years, with the average bride and groom spending £20,983 on their nuptials in 2014, up from £20,020 in 2009, according to a survey by You & Your Wedding magazine .
While half of couples will get at least some financial support from their parents towards their big day and 11% are lucky enough to have the bill footed completely, around 35% of people will cover all the costs themselves.
But how long will it take an average couple to save up such a significant sum?
Well, we’ve done the maths. If both spouses earn the national average salary of £27,200 a year and are able to put £360 – i.e. 10% of their income after tax – aside each month, it would take them 4 years and 10 months to save up the cost of the average wedding.
However, if you’d like to tie the knot sooner, there are a number of ways you can easily cut the budget without compromising on your big day. We take a look at some easy ways to reduce your wedding costs.