Planning a wedding is an exciting time… but there’s certainly plenty to think about. No occasion is more personal – and something which might be all-important to one couple may not matter to another. When you’re planning a wedding to a set budget, it’s a good idea to decide what your priorities are first, then agree where you might make any compromises.
- The average cost of a wedding is now £21,000 (Source: UK Alliance of Wedding Planners)
Many people are surprised – to say the least – when they hear how much the average wedding is likely to cost. They think that the kind of figure we’re talking about might include a lot of luxury items which they won’t want. But when you break the figures down, it’s easier to understand how it all adds up…
|Wedding expenses||What they might cost|
|Venue & Catering:||£9,500|
|Bridal dress, shoes, veil and groom’s outfit:||£1,680|
|Total, including other costs:||£21,000|
As you can see, your biggest cost will be hosting and entertaining your guests, so it’s important to decide how many people to invite as soon as you can. Other major expenses usually include the dress and photography, though you don’t have to spend a fortune on either if they aren’t your highest priorities.
Flip the coin
The average marriage lasts just nine years. And with 4.9 milliondivorced or separated people living in Britain, the Brits now holdthe record for the highest divorce rate in Europe. Among men, theaverage age of divorce is 41 and 39 for women.
Couples divorcing in Britain face an average bill of more than£13,000 (2003 figure)
‘Cost of divorce’ calculator:
|Setting up a new home||£2,638||51%||£422.449m|
|Child care costs||£1,685||16%||£84.654m|
|Buying a second car||£3,358||12%||£126.529m|
|Treats: i.e. holidays, shopping spree etc.||£6,510||16%||£327.068m|
|First year’s mortgage or rent||£6,000||35%||£659.400m|
Cost per person = £6,525
National cost = £2 billion