Watching Your Budget Spiral Out of Control


 

wedding budget

 

The average cost of a wedding in Canada (according to this 2015 survey) is over $30,000. That’s a lot of money. And here’s the kicker: 75% of couples expect they will go over budget.

How does this happen? Well, let’s look at how one item – just one – ends up costing way more than expected. The item? Your wedding dress. Here we go.

  • Dress Base Cost – $2,000
  • Alterations – $800
  • Veil – $200
  • Shoes – $275
  • Bra – $150
  • Earrings – $100
  • Taxes – $458.25

The actual cost of your reasonably priced $2,000 dress is now actually $3,983.25. That’s nearly twice as much as expected. And this happens because no bride wears just a dress. There are alterations, and accessories, and taxes.

Oh my.

Now factor in the billions of other details that you will be spending money on and watch your $20,000 budget spiral out of control.

The lesson here is pretty clear: make sure you understand ALL of the costs associated with every aspect of your wedding. Here’s a sampling of a few more expenses that can blow up your budget:

  • service charges
  • landmark fees
  • staffing
  • alcohol upgrades
  • rentals
  • delivery and set-up fees
  • permits and insurance

Make a budget. Keep your eyes wide open. Ask a lot of questions. Create a spreadsheet so you can track and monitor every single expense. Weddings are expensive, but remember, you’re in control.

 

2 Responses to “Watching Your Budget Spiral Out of Control”

  1. Officiant SARAH BUNNETT-GIBSON Says:

    Hidden costs can really get the best of some couples. It starts with what they think is a small expense but they don’t think about the other details – as you mentioned, a good example, dress alterations, etc.

    I think it is important for couples to have their eyes open and remember that the dress is not the only thing sneaking in with additional costs!

    A great post!

  2. Christine March Says:

    So true. Even small unexpected expenses can really add up. It’s a cliche, but so very true.

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