Summer Wedding Expenses

Don't let the cost of attending a wedding ruin the fun this wedding season.

Don’t let the cost of attending a wedding ruin the fun this wedding season.

 

One of the best things about spring and summer is that they are known as “wedding season.” Maybe you’ve already been to a wedding or two by now, or perhaps you have a few weddings coming up soon.

When it comes to weddings and what they cost, the usual focus is on how much the bride, groom and their families are paying. But what about the guests? Recent data from American Express shows that if you are a wedding guest, you can expect to spend about $673 on average per wedding.

How are weddings so expensive? Here are five costs that may make you think twice about marking the “attending” box on all those wedding invites.

  1. The gift- are you prepared to drop $100 or more on a wedding gift? The average amount spent on gifts in 2015 is about $106. That can be in addition to the $75 or more you may have to spend if you’re lucky enough to be a part of the bridal shower.
  2. The hotel- depending on where your wedding is, the hotel can get costly in a hurry. The average hotel room costs $170 per night, so you may want to try and stay only one night if possible to limit the damage.
  3. Travel- whether you’re driving or flying, traveling to a family member or friend’s wedding is expensive between gas, plane tickets and meals.
  4. Drinks and tips- This all depends on what the bar situation is at the wedding, but you should assume it’s a cash bar just to be prepared. Also, be sure to tip the bartenders/wait staff. You don’t want to be that person.
  5. Extras- this includes things like being a part of the bachelor or bachelorette parties ($85) or being in the wedding party ($150 for tux rental or a bridesmaid dress).

So, what’s your move?

If you have multiple weddings this summer, prioritize them from most to least important. For those that are musts, budget in your expenses. For the weddings you can’t attend:

  • Send back the invitation stating you won’t be attending
  • Follow up with a nice card and telephone call

It’s better for you to celebrate from afar rather than hurt your own finances to celebrate in person.

Good luck this wedding season!

 

Titonka Savings Bank, Member FDIC