By now we all know that the wedding industry makes billions of dollars annually, due in part to the pressure couples face to plan and execute a flawless wedding. According to The Knot, the average cost of an American wedding in 2012 was $28,427 – more money than many folks make in a single year. If you’re planning a wedding and are getting anxiety because of all the dollar signs, you know that every little way to save helps.
Here are seven money-saving tips from Catey Hill for Bridal Guide to help you cut some of your wedding costs:
- “Look in a ‘next-door town’ for venues and vendors.” “Next-door towns” are smaller towns outside of big cities. Often you can save 20% or more on fees by seeking vendors here, rather than in a big city.
- “Put a ’15-minute warning’ into your contract with the photographer.” Photographers and videographers often charge extra fees for going overtime – prevent this from happening by putting a request for a 15-minute warning in your contract.
- “Take a tax deduction – on your wedding.” Most couples don’t even know that this is an option, but you can actually get a tax deduction for donating some of your wedding purchases to a qualified charitable organization, or even just by having your wedding ceremony at certain venues, explains Hill.
- “Consider ‘business’ hotels.” Hotels that cater more to businesses than formal events often offer better-priced packages and have more availability on weekends.
- “To find photographers and videographers, contact your local newspaper or television station.” This part of your wedding can be extremely costly. Save money by seeking a professional newspaper photographer, rather than an official wedding photographer. (An even better option is reaching out to a friend you trust with photography skills, as they may even be willing to help out for the only the cost of materials and prints).
- “Skip the wax seal on your invitations.” This simple piece of advice can save you a pretty penny.
- “Get a ‘student’ to do your flowers.” Many big cities offer programs for student florists – tap into these as a resource and offer the student resume experience as incentive!
What other money-saving tips do you have for planning a wedding?