Navigating Wedding Costs: Tips for Couples and Guests

The average wedding cost in 2023 was $29,000, according to Fidelity, putting a significant financial burden on many couples as they start their new life together. Leslie Tayne, a debt relief attorney with 25 years of experience, offered some valuable advice for couples looking to navigate the costly world of weddings.

Tayne recommended that couples carefully consider how much they want to spend on their big day and be prepared for the likelihood of going over budget. She emphasized the importance of figuring out a plan to pay off the wedding expenses over time, suggesting options such as extending the engagement period to save up money or negotiating with vendors for better deals.

In addition to the financial strain on couples, Tayne also highlighted the expenses that guests incur when attending weddings, including attire, gifts, and potential travel costs. She advised guests to be selective about which weddings they choose to attend and offered tips on how to save money on wedding-related expenses, such as swapping outfits with friends or renting clothes instead of buying new ones.

For guests on a tight budget, Tayne recommended having an open conversation with the wedding host about their financial constraints and finding creative ways to show their congratulations to the bride and groom without breaking the bank. She also reassured guests that it’s okay to decline a wedding invitation if attending would put too much strain on their finances.

As wedding season approaches, Tayne’s advice serves as a helpful reminder for both couples and guests to approach wedding planning and attendance with financial mindfulness.