The average cost of a wedding in the United States is between $20,000 and $40,000. While some may be able to afford this price tag, it’s not a realistic possibility for many couples. 

Luckily, there are ways to save money on your big day (and we’ll explore those tips below).

Comprehending the potential expenses associated with your wedding is the cornerstone of stress-free planning. In this guide, we’ll unravel the intricacies of wedding costs. 

Your choices, creativity, and vendor negotiations can help tailor your wedding to fit both your vision and budget. Keep in mind that these costs may vary, and you should always leave a little room for extra expenses (like an officiant and a marriage license) or unexpected costs.

Here’s an average price breakdown for several major components:

Rings

Average cost: $500 (groom); $6,000 (bride)

From classic gold bands to ornate diamond settings, rings symbolize eternal commitment. The choice of metal and the intricacy of the design can significantly affect the price. Remember, it's something worn every day, so choose wisely.

Flowers

Average cost: $700-$2,500

Flowers are more than just decor; they set the mood. From bouquets to centerpieces, the arrangements florists create add vibrancy. While seasonal flowers can be cost-effective, exotic blooms may increase the budget.

Attire

Average cost: $3,000 (bride); $1,000 (groom)

The bridal gown can range from simple elegance to designer grandeur. Grooms, too, have choices, from tailored tuxedos to traditional attire. Accessories and outfits for the bridal party add to this.

Makeup and hair

Average cost: $300 per person

Perfecting that wedding day glow requires skilled professionals. From intricate hairstyles to flawless makeup, ensuring each member of the bridal party feels confident is crucial.

Ceremony and reception venue

Average cost: $11,200

The backdrop for your big day — whether a beach, ballroom, or rustic barn — determines much of the event's feel. Location, amenities, and exclusivity play into the price.

Stationery

Average cost: $510

Stationery sets the tone. Whether handcrafted bespoke invitations or elegant pre-made designs, every detail, including RSVP cards and thank-you notes, contributes to costs.

Photo and video

Average cost: $2,600

Professional photographers and videographers capture candid emotions, ensuring memories last forever.

Catering and drinks

Average cost: $75 per person

Food and drink often top the list of memories. Whether opting for gourmet dishes or comfort food favorites, the dining experience leaves a lasting impression.

Entertainment

Average cost: $4,500 (band); $1,000 (DJ)

Music and entertainment set the event's tempo. From DJ beats to live orchestral strings, entertainment choices often reflect personal tastes and cultural preferences.

Transportation

Average cost: $980

Chauffeured cars, vintage vehicles, or horse-drawn carriages add flair, but choosing the right option depends on your guest list size and other factors. Consider all of the options available to you to make the most budget-friendly decision.

Gifts and favors

Average cost: $440

Thoughtful tokens of appreciation, whether for the bridal party or guests, express heartfelt gratitude. From custom gifts to memorable keepsakes, these have their costs.

While every wedding is unique, certain elements typically consume a larger slice of the budget:

1. Venues and catering: Their cost is not just about space but also ambiance, amenities, and location. Plus, feeding your guests, especially with gourmet dishes, can quickly add up.
2. Engagement ring: Buying an engagement ring is generally one of the most expensive parts of a wedding, but there are ways to save. 
3. Entertainment (band): Getting a live band that will rock the house and help everyone have a fun time often comes with a higher price tag.
4. Photographer: Preserving memories in high quality can be more expensive, especially if the photographer has extensive experience.
5. Flowers: Depending on material and design, these can be significant investments for both a ceremony and reception.

Some parts of your special day are generally more budget-friendly, offering opportunities to save:

1. Wedding favors: You can give your guests personalized tokens or gift bags without breaking the bank.
2. Wedding cake: Smaller or simpler designs are equally delicious and affordable.
3. Invitations (and other stationery): Digital invitations or bulk ordering can help you save.
4. Transportation: Depending on the wedding location, transportation costs typically shouldn’t make up a large portion of the budget.
5. Bridal makeup: Hair and makeup for the bride alone shouldn’t cost too much, especially if you choose a local makeup artist.

Aside from simply choosing different vendors or attire, there are other factors that impact the cost of a wedding. Here are some key things to consider as you begin planning.

Location

Your chosen venue can be one of the biggest contributors to your wedding budget. Opting for a lavish downtown ballroom in a metropolitan area or a scenic beachfront resort in a popular destination will likely be more expensive than a countryside barn or a local community center. 

The cost can also vary based on city or country. Getting married in places like New York, California, Florida, and other popular locales (or having a destination wedding in an international city like Paris) can cost significantly more than in a smaller town or rural location.

Time of year

There's a reason why spring and summer weddings are so popular — they offer great weather and scenic beauty. However, that also makes them more expensive. Demand drives up vendor prices. 

On the flip side, considering a fall or winter wedding not only gives you a unique ambiance but can also lead to potential discounts due to decreased demand.

Guest count

The number of guests you invite directly impacts your costs. Every additional person means another chair, more food, a larger cake, and possibly even a bigger venue.

Remember that costs don't rise linearly. Going from 50 to 100 guests may double your food expenses, but it might also mean upgrading to a larger, more expensive venue.

Cultural and traditional practices

Every culture and religion has its own set of wedding customs, and some can be quite elaborate. These might include specific rituals, attire, or even multiple events leading up to the wedding itself.

For instance, some cultures have pre-wedding ceremonies that are almost as grand as the actual wedding, adding to the overall expenses. It's essential to budget for these unique practices early in the planning process.

Personal preferences

Ultimately, your wedding should reflect your and your partner's tastes. Dreaming of a string quartet serenading your guests or a grand display of fireworks as you say your vows? Maybe you're envisioning a bouquet made of exotic, imported flowers? 

All these choices, while adding a touch of uniqueness and luxury, come with their price tags. And, if you plan to use a wedding planner, this is another cost to consider. It's crucial to strike a balance between what you desire and what your budget allows. 

Splurging isn’t the only route to a memorable wedding. With creativity and smart planning, you can have an amazing day while keeping it affordable. Here are some tips to help save.

Prioritize your spending

Starting your wedding planning journey with clarity can be a game-changer. Sit down with your partner and discuss what truly matters to both of you. Is it a beachfront venue for you? A live jazz band for them? 

Once you've identified what tops your list, allocate a more substantial portion of your budget there. Being clear about priorities will keep you from being swayed by every beautiful idea you come across, and keep your spending laser-focused on what will make your day genuinely memorable.

Take advantage of the off-peak season

Most couples initially envision a spring or summer wedding, which naturally makes these seasons pricier.

But there's a certain charm in a winter wedding:

• A snow-clad backdrop
• The coziness of a warm indoor setting
• The magic of holiday lights

Similarly, choosing a weekday can drastically reduce the cost of venues and vendors. 

An added bonus? Fewer weddings means your big day remains more exclusive and gets the undivided attention it deserves from vendors.

Limit the guest list

While you may want to invite everyone from your kindergarten classmates to office friends, a smaller gathering has its perks. Not only does it significantly cut down costs (less catering, fewer drinks, and possibly a smaller venue), but it also allows you to spend quality time with each guest.

Plus, an intimate setting often means more genuine, heartfelt interactions and memories. After all, it's about celebrating with those who truly matter.

Bundle services where possible

Instead of scattering your resources and having to manage multiple vendors, look for opportunities to consolidate. 

For instance, a wedding venue that also offers catering can give you a bundled deal. Similarly, a wedding photographer might collaborate with a videographer or stationary company, giving you a comprehensive package for capturing your memories. 

Bundling doesn’t just save you money — it simplifies the planning process and reduces the number of contracts and contacts you have to manage.

Use Accrue Savings to save for bigger expenses over time

Budgeting for a wedding isn’t just about frugality; it’s also about smart saving. 

With Accrue Savings, you're investing in your dreams. This platform allows you to lay out a clear savings plan tailored for big wedding expenses. So, whether it’s that wedding dress you love, a beautiful engagement ring, or a travel destination for your honeymoon, start saving bit by bit. 

And the icing on the cake? With Accrue Savings, you set a target, save up gradually, and, like magic, watch as partner companies pitch in once you've achieved your goal.

Save for the wedding of your dreams with Accrue Savings

Whatever your heart desires for your big day, Accrue Savings is here to make it achievable. We want to help you build your ultimate wedding brick by brick with a helping hand ready to reward your efforts. 

So, as you dive into the mesmerizing world of wedding planning, let Accrue Savings be your confidante in personal finances — because your special day deserves all the magic without the monetary stress.

Start saving today with Accrue Savings and step closer to the wedding of your dreams!