Plus, we share the most important things to consider when making your budget, along with nine common mistakes to avoid, straight from industry experts. Consider this the ultimate destination for wedding budget planning.īelow, you'll find a sample wedding budget breakdown with percentages pulled directly from our insights, which will help you determine how to allocate the funds you have available. Thanks to our annual Real Weddings study, we've created a wedding cost breakdown that's based on actual data-and we're revealing it right here. Unlike other financial management tools out there, we have direct insight into what a typical wedding budget looks like for real couples just like you. It can actually be downright simple, especially with the help of our comprehensive wedding budget breakdown. We'll let you in on a secret, though: Making your wedding budget doesn't have to be hard or scary. If you've never hosted an event of comparable size before, the financial aspect might feel like a completely new world of terminology and rules. In fact, The Knot 2021 Real Weddings Study found that the average cost of a wedding is $28,000 (excluding the engagement ring). It's no secret that wedding budget planning can feel daunting, particularly because weddings are expensive. But if you've been avoiding your wedding budget because it's stressing you out, we're here to help. After all, you can't move forward with your vision until you know how much money you have to spend. Setting a wedding budget is one of the first-and, frankly, most important- planning tasks to complete.
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