Planning a wedding is exciting but can also be financially challenging. Understanding wedding costs helps manage your budget effectively. Many couples find that the joy of planning their special day can be overshadowed by the stress of financial decisions. By being informed about the different aspects of wedding costs, you can make smarter decisions and enjoy a beautiful wedding without breaking the bank. Let’s break down the key components that make up wedding costs in Toronto and how you can plan for them.
Rising Costs
Weddings are becoming increasingly expensive each year. The average wedding costs $21,900 for couples getting married. Although unique and personalized weddings are what is in today, oftentimes this may lead to higher costs. Understanding these rising costs can help you plan a realistic wedding budget.
Biggest Ticket Items
Several key expenses make up the majority of your wedding budget. Let’s break them down:
- Venue: The wedding venue is often the largest expense. Many couples spend a significant portion of their budget securing the perfect location.
- Florals: Your florals can be another major cost, especially for fresh, elaborate arrangements and installations.
- Photography and videography: These are essential for capturing memories but can be expensive. This is definitely a cost worth spending on, as hiring professionals ensures high-quality photos and videos that you’ll be able to enjoy for years to come.
- Catering: Your caterer can be a substantial cost, especially if you’re providing a full meal and open bar. Since this typically accounts for the bulk of wedding expenses, your guest count is a vital factor to consider as to how it is contributing to this cost.
Unexpected Costs
Unexpected wedding costs can catch couples by surprise. One often overlooked expense is food for the day of getting ready. Ensure you have snacks and meals for the bridal party to keep energy levels up. Tips for vendors are another hidden cost. Read your contracts carefully as some may include this already. One important thing to consider is setting some money aside if you think you may want any of your vendors longer than you contracted them. For example, sometimes wedding timelines fall behind and DJs/ photographers will stay longer if needed.
Honeymoon Budget
Whether this is its own budget or included in your overall wedding budget, the honeymoon can also be more expensive than anticipated. Plan for travel, accommodation, and activities costs. Consider adding a honeymoon cash fund to your registry. The Knot has a great budget tracker to use for your honeymoon expenses.
Complete Weddings + Events Toronto Helps You Save On Your Wedding Costs
The team at Complete Weddings + Events is here to make your wedding day dreams come true, all within budget! With our photography, videography, DJ, coordination, and photo booth services, we are your one-stop shop for the best day ever!
Contact us today to learn more about our “book more, save more” bundle offerings. For wedding savings tips, read our blog 10 Ways to Save on Your Wedding.