The true cost of making your wedding a reality

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When it comes to getting married, there are a number of essential and optional costs associated with tying the knot. Make sure you are aware of the costs and know how you will fund them.

Essential costs

Venue

  • Choosing your wedding venue is one of the biggest decisions when it comes to getting married. It is also one of the largest costs. A church wedding can set you back around £500. Optional extras such as having the church bells ring, musical assistance from the organ or singers such as a choir, and flowers and other decorations can bump the price up further, potentially into the thousands. A cheaper option may be to get married in a registry office, with the cost of hiring the venue being around £50. This is a great option if you are working to a tighter budget.

Food

  • Feeding your guests is another associated cost which depends on how many guests you are feeding, and what food you are providing. There are a range of options here, such as sit-down three course meals, a buffet, or hiring food trucks where guests can pay for their own chosen food. Your choices here will determine the cost, so choose wisely. There is also the consideration of the wedding cake. This can cost a few hundred pounds depending on how many tiers you would like and which design. The average cost is around £300. If you happen to know anyone who can make cakes, or perhaps even providing smaller cupcakes for individuals, these can help cut the cost.

Dress

  • The dress is one of the most important factors to many people, but this comes at a price. Wedding dresses can cost upwards of £1000 on average. Again, this depends on what type of dress you would like and cheaper alternatives do exist. You could always try a second-hand dress or choose your dress shop carefully.

Transport

  • Getting to your wedding is clearly an essential, and can bump up your total cost by around £450 on average. You could also provide transport for your guests, and depending on how many guests you are transporting this could cost you multiple hundreds more. If your guests can make their own way on your big day, this could save you a large sum.

Photographer

  • Looking back at your wedding photos with fond memories is a joy you will have for the rest of your life, so is a price that most people will pay. A wedding photographer can cost upwards of £1,000, with average costs around £1,500. Like most costs, this depends on the package you select. Choosing the minimum package you are happy with can help reduce this cost.

Additional costs

Wedding Planners

  • If you would like to hire someone to make your big day as special and organised as possible, you can hire a wedding planner. This will set you back anything from a few hundred pounds to multiple thousand, so carefully consider if this is something you will need.

Decoration

  • Wedding flowers can help bring some decoration to your wedding, but can cost anything from £250 upwards of £500. It is generally a case of having a budget and seeing what you can get for that price.

Entertainment

  • Hiring a band or DJ for your wedding reception can cost anything from around £200 to multiple thousand, depending on the experience of the entertainment, associated travel costs and any extras they have to provide.

Honeymoon

  • The price of your honeymoon depends on where you want to go and for how long. Consider your budget and what you can afford. Perhaps have your honeymoon some time after the wedding to help spread the overall cost of your wedding over time.

How will you fund your big day?

On average, people can spend upwards of £20,000 on their wedding day, with an average of around £27,000. How will you fund your big day?

Consider saving some money in a separate savings account and let it build so that the financial impact is not as large in the short-term. There will be ways of reducing costs in each area, so consider what you want from your big day and if there is anything you would be willing to skip to save some budget for other areas.

  • The information provided in this article is for guidance and educational purposes only. Police Credit Union Ltd. does not offer regulated financial advice. Please seek independent financial advice.

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