Funny Money Friday: Weddings Cost How Much?!

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

The average wedding costs a whopping $27,000 these days! That's an incredible amount for an event that lasts 8 hours at the most. And average costs are even higher if you live in a major city. As someone who is recently engaged and living in San Francisco, I know these statistics all too well.

Consider the alternatives: $27,000 will easily buy you a fancy brand new car or a good start on a down payment for a moderately priced home. If you choose to invest that money, you could turn it into $48,353 in just ten years. Or use it to pay for a full year of tuition and board at a private university.  It can als o buy you a $27,000 bottle of Johnnie Walker scotch.

Click on the photo below to watch Credit.com's President, Adam Levin, talk to WCBS in New York about how to save on wedding costs:

Happy Friday!

Comments

[Jim]

I think the best way to properly plan the wedding is to figure out the budget and the date first, and then work backwards. My wife and I knew what we were going to put into it and figured out what various things would cost. By doing this it helps keep tabs on what the wedding should actually mean, not focusing on everything being perfect.

Some people try to plan the perfect wedding for their perfect day but don't consider the marriage part of the wedding. We went through a marriage preparation class prior to being married. This helps put everything out on the table so that when we got married, we became one. I also think it's important to not bring any new unnecessary debt, beyond what each other already has, into a new marriage. We saved our extra money so that we could buy a house instead of blowing it for one big day.