Navigating Wedding Costs: Tips for Couples and Guests

The average cost of a wedding in 2023 was $29,000, according to Fidelity, putting a significant financial strain on many couples as they start their new life together. Debt relief attorney Leslie Tayne, with 25 years of experience, advised couples to carefully consider their budget and plan ahead to avoid going overboard.

Tayne suggested that couples extend their engagement period to pay off vendors gradually or put money into a savings account with high-interest rates. By negotiating with vendors and being flexible with wedding dates, couples can save money and reduce the financial burden of their big day.

In addition to the financial stress on couples, Tayne also highlighted the expenses that guests incur when attending weddings, including attire, gifts, and potential travel costs. She recommended guests be selective about which weddings they attend and find creative ways to save money, such as swapping outfits with friends or renting clothes.

For guests on a tight budget, Tayne advised speaking to the wedding host about attending and providing a gift that is affordable. She emphasized that it is okay to decline a wedding invitation if it is not financially feasible.

As wedding season approaches, Tayne’s advice serves as a reminder for both couples and guests to be mindful of their finances and find ways to celebrate without breaking the bank.