Wedding Costs Are Higher Than Ever, According to Recent Survey

Wedding costs are on the rise, with the average couple raking up $30,000 in debt. The Knot reported the results of its annual survey, including the increase in nuptials spending, on March 27. “The average wedding cost in 2013 was the highest since the website began monitoring prices in 2007,” The Huffington Post continues.

Social media may be partially to blame for the steadily climbing expenses. “Overwhelmed by images of celebrity wedding extravagance and a surplus of wedding planning glossies, couples are pressured to put on a show-stopping Big Day,” The Huffington Post explains. Today’s brides and grooms-to-be are constantly comparing themselves to others and trying to plan the best — and most unique — wedding. Top expenses include pricey engagement rings and lavish receptions, amounting to “an average of $13,385 for the reception venue and $5,598 for the engagement ring,” according to USA Today.

The Knot adds that survey results do not include honeymoon costs. Couples saying “I do” are also splurging on somewhat nontraditional costs, such as specialty drinks — named for milestones in the couple’s relationship — for guests to enjoy. The lofty spending may also tie-in with current wedding trends. Weddings inspired by the elegance of The Great Gatsby and the 1920s, for example, are especially in right now. “Think creamy linens, lawn parties, Jazz Age music. Champagne coupes, gilded details, and Old Hollywood hair and makeup. Dancing,” ABC News says.

”Because there are so many people involved, it ends up being more and more expensive,” explains Chris Bray, General Manager of Allied Party Rentals. “People are charging more, and it’s turning into big business.”

USA Today offers some conventional wisdom for keeping wedding day costs low. Start out all planning with a budget, experts suggest. Financial adviser Stacy Francis reminds newly weds to remember smaller — and less obvious — expenses. “You look at the price for invitations and catering, and you don’t add in on the tax. You forget the gratuity. All of these small things really add up,” Francis tells USA Today.

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