The average UK wedding in 2017 costs £27k. Is it too much to spend on one day or is it unrealistic to think you can do it for cheaper?
Recently I got engaged and now I’m planning a wedding, I’m quickly discovering the staggering costs involved.
In case you missed last weekend’s news, Pippa Middleton (the older sister of the Duchess of Cambridge) married James Matthews. According to Bridebook, the wedding cost at least £250,000.
Now, unless we win the lottery or rob a bank, our wedding won’t come close to that figure.
But I’m beginning to realise that, no matter what I do, our wedding is still going to come with a fairly hefty price tag.
As one newlywed recently informed me: ‘Everything costs £1,000, except the venue – that’ll be £10,000…’ and it seems they were pretty much bang on. Yep, in 2017, the average cost of a wedding in the UK is £27k and more than £38k in London.
Big day costs
I hope I’m not the only one who thinks £27k is a lot of money to spend on one day. But there’s so much to think about and so much to pay for.
Not only is there the cost of the venue, there’s the ceremony, food, booze, flowers and decorations, entertainment, dress, suits, rings, photographer and God knows what else I’m failing to factor in. Oh, and the honeymoon – that might need to be a staycation at this rate!
In fact, according to MoneySuperMarket research, couples are applying for more wedding loans than ever, with an increase of 53% in applications for £30,000 or more, compared to the same period last year.
While we’re not planning to take out a loan for our big day, we’ll certainly have to tighten our belts to save for it.
I can’t help but feel that it’s all a bit of a money spinner. We’ve identified our preferred venue – and both sets of parents approve (phew!) – so before we press ahead and pay the deposit, I’m going to test out my best haggling skills. I’ll let you know how I get on…
What do you think to wedding expenditure in 2017? Have you got any wedding savings or haggling tips? If you’re married, how much did your own wedding cost? Or have you contributed towards the cost of someone else’s big day?