You *can* plan a wedding on a $5,000 budget If you're keen on keeping to a $5,000 budget for your wedding, it's totally possible. View the real $5k weddings on The Budget Savvy Bride to get inspiration from other couples who've planned a $5,000 wedding.
Wedding costs in 2022
The average wedding held in 2022, including both the ceremony and reception, cost $30,000, according to The Knot. That's the most couples have spent since 2018 ($33,931), before COVID-19. It's also $2,000 more than the 2021 average, which totaled $28,000 for the ceremony and reception.
Average cost of a wedding per state
New South Wales – the average wedding spend in NSW ranges from $37,108 to $41,245. Victoria – couples in Victoria pay an average of $36, 358 to $37,430 for their wedding. South Australia – in South Australia couples spend an average from $30,307 to $31,124 on their wedding.
The Average Australian Wedding Budget
In Easy Weddings' recent survey of 3,500+ engaged and recently married (2020-22) couples, the average spend for an Australian wedding was $34,715.
The average Australian wedding costs $36,000. According to a Moneysmart survey, 82% of couples dipped into their savings to pay for their wedding.
Typically, the most expensive aspects of a wedding are the ceremony and reception venue. This depends on whether the venue comes with food and servers or not, and of course, the location of the venues. Many brides will pay tens of thousands of dollars for the venues.
Traditionally, the bride's family pays for the wedding, but that custom is rapidly changing. Couples are increasingly choosing to handle at least half of the wedding expenses on their own. Early planning and a written budget can help avoid miscommunication when deciding who pays for what.
That all depends on whether the gift is off the registry, an experience, or cash. Upon consulting the experts, a wedding gift should range from $75 to $750—but most agree that $300+ is the sweet spot.
A typical cash wedding gift could range from $50 to $500, depending on the same factors listed above. Even then, aiming for the $100 mark is generally sufficient and will be comparable to the average cost of a physical wedding gift. For those looking to gift the newlyweds cash, they may wonder how much to spend.
They suggest the following breakdown: coworkers or distant relatives should spend 50 to 75 dollars. Friends or relatives, 75 to 100 dollars. For close friends, family, or if you are in the wedding party, you should spend 100 to 150 dollars—or more.
Of course, it would be amazing to give your daughter thousands and thousands of dollars as a wedding gift, but not at the risk of making your own financial situation dire. Depending on their relationship with the bride, wedding guests typically give between $50 – $150 when making a monetary gift.
Not only does the bride's family pay for the wedding day outfit and accessories (veil, shoes, jewelry and more), but they're also responsible for the bride's wardrobe for all of the pre-wedding events (the shower, bach party, rehearsal dinner and honeymoon).
According to tradition, the bride and her family should cover the majority of expenses including the bride's dress, venue hire, cake, decorations and other services, while the groom's main responsibilities are to pay for the engagement ring, honeymoon and the flowers for the bride.
As a guide, here's a list of the expenses traditionally covered by the parents of the groom: the wedding rings, officiant's fee, marriage license, the bride's bouquet, boutonnieres and corsages for the immediate family, music (band/DJ), liquor at the reception and the honeymoon.
Keep in mind that, on average, couples pay for about 47% of all wedding costs, with nearly half of them reporting paying for their wedding from savings. If your family is contributing to any of your wedding expenses, you won't need to save the full amount the day will cost.
The world had the opportunity to witness history at the $110 million wedding of Prince Charles and Princess Diana, which was broadcast live on television on a bright day in London.
The bride's family often pays for the majority of the wedding, including the ceremony, reception, and any other associated costs. In contrast, the groom's side of the family is expected to pay for the wedding's rehearsal dinner and honeymoon.
Dresses and Suits
The bride and groom are responsible for paying for what they will wear on the wedding day. Oftentimes the bride's mom will help pay for her dress and accessories. The groom should handle any costs associated with their suit.
Splitting wedding costs equally between the couple and their families is becoming more common across the board: The Knot 2021 Real Weddings Study found that couples pay approximately 49% of their wedding costs, with their families covering the rest at 51%.
According to the WeddingWire Newlywed Report, parents pay for 52% of wedding expenses, while the couple pays for 47% (the remaining 1% is paid for by other loved ones)—so parents are still paying for a majority of the wedding, though couples are chipping in fairly significantly.
The month of love, February of 2023 is filled with auspicious wedding dates with even a muhurat falling on Valentine's Day.
While in some families and cultures, the parents do give a tangible gift to the bridal couple, other families and cultures feel the wedding itself is enough. This means it is completely your choice.
$100 to $250 is a safe range for a cash gift at a wedding
“Most couples request cash gifts on their wedding day to help them begin their new life chapter. How much you give at a destination or local wedding depends on your relationship with them and your budget,” he says.