Thursday, April 9, 2009

How Does your Wedding Stack Up?

The Knot recently released their 2008 Real Weddings Survey, which surveyed 18,000 couples of various ethnicities, education, and income levels across the United States.

The average cost of a wedding in 2008: $29, 334 (up 5% from 2007). This is significantly more than my budget for our wedding, but I am lucky to live in a rural area where lots of my costs are significantly lower than the national average. The most expensive cities to get married in were: "Long Island, New York; New York City; Northern New Jersey; Hudson Valley, New York; Chicago; Connecticut; Los Angeles; South Florida; Rhode Island; and Orange County, California."

Are you a DIY bride (like I wish I were)? You're not alone. "More than half (55%) of brides made their own favors and ceremony programs. Other top DIY categories were escort cards, save-the-dates, invitations, and decorations."

Both Amore and I will have fairly casual weddings. We're not the only ones: "Only 20% of weddings in 2008 were characterized as 'formal/black tie.'

I will have a nearly nine month engagement and Amore will have nearly a year. Our engagements are short compared to most couples: "Couples marrying in 2008 were engaged for an average of 15.7 months, more than 25% longer than those married in 2007. A majority of couples (71%) lived together prior to getting married."

So how are "Recession" brides changing their plans? "The 2008 Real Weddings Survey results reflected greater wedding spending overall, despite the growing economic concerns last year.
In a more recent survey conducted by The Knot (in March 2009) a majority of brides (60%) indicated that their wedding spending is proceeding according to plan, while 40% have reduced their wedding budgets by approximately 16%. "

How does your spending compare to the national averages? Are you changing your plans because of the recession?


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