The average cost of a UK wedding in 2018
Your wedding is supposed to be one of the happiest days of your life but, it can also be one of the most expensive. Over the years we have seen the cost of weddings increase according to a recent study by weddings are now hitting an all-time high of around £30,000.
The that Brits are saving around £105 per month towards their big day. Which means it takes around 10 years for the average couple to save for a wedding costing £25,000.
Often couples will have a set budget or save for years until they can afford their dream wedding. It that 39% of couples go over budget and 26% of couples don't even set a budget. Therefore, the trend of spending more on weddings looks to only increase. Food and Drink 33% represents the area in which most couples overspend, followed by their Honeymoon 29% and increasing their number of Guests 29%.
have done some interesting research on the cost of a UK wedding. They found that millennial couples are spending 45% more of their combined annual income on their wedding than couples getting married age 40 or older. This is due to a number of factors such as supplier costs increasing and the pressure to spend more.
As couples start to spend more on their wedding day, many are carefully considering taking out wedding insurance. The more you spend, the more risk is involved with something going wrong on your wedding day. Bridebook reported that in 2017 43% of couples bought wedding insurance. Having wedding insurance can help protect your big day if anything beyond your control goes wrong. It can also allow you to recover any money you’ve already paid out for example if your venue or wedding photographer went out of business forcing you to pay for alternative suppliers.
If your a budget savvy bride or groom and want to look at how you can keep costs down, check out these 10 practical ways to help you not exceed your budget.
1. Consider having your wedding on a Friday or Sunday to save money, or better yet consider a weekday wedding. Spring and Summer seasons are the most expensive times of year to get married, so if you are looking for the cheapest time of year aim for winter.
2. Try to avoid mentioning the ’W’ word where possible. Once you mention ‘wedding’, costs can almost double. This includes hair and makeup, decorations, suits and flowers.
3. Make the most of talented family and friends who can do your make-up, bake your cake or design your invitations. According to Bridebook in 2017 38% of couples had a wedding cake homemade or baked by a friend. Whatever it may take advantage of these skills and drop a couple of ££ off your total cost.
4. Don’t feel like you have to stick to certain traditions if you don’t want to. Such as having a wedding cake, having a fancy cat to transport you from one location to another or having an expensive wedding dress. Consider what you both want from your day and what traditions you want to keep.
5. Don't over invite people. Think carefully about your guests and who you really want at your wedding. If you are struggling for numbers why not invite guests to the evening celebrations to keep costs down.
6. Don't be scared of shopping the sales. Check out all the outlets before you commit to any bridesmaid dresses, accessories or even groomsmen suits.
7. Set a budget and stick to it. Establishing and sticking to a budget is often the hardest part of wedding planning but can help you to not overspend.
8. Find a venue that doesn't require you to use their vendors. This can cut ££ off your expenditure by choosing your own suppliers. Ask if you can use external caterers and then search for a cheaper alternative.
9. Consider being your own DJ. Instead of hiring a band or DJ, create your own playlist for the reception. Include your favourites as well as some.
10. Corkage? You may have never heard of the word ‘corkage’ before you started planning your wedding. Corkage is a charge made by a restaurant or hotel for serving wine that has been brought in by the wedding party. If you find a wedding venue with no corkage, you could save yourself a significant amount of money as they won’t charge you to bring in your own alcohol.
Whatever your budget ensure you are protected with WeddingPlan insurance. To fully understand what cover is right for you, WeddingPlan offers 9 levels of cover. Our policies start from as low as £19.44, covering nearly every type of wedding or civil partnership. If you have any questions regarding wedding insurance and what cover is right for you, why not speak to one of our experts.*
*WeddingPlan Insurance is subject to limits and exclusions.