Recently, a post about how you need to spend about $78,000 if you are going to be holding your wedding in Singapore has been making its rounds on the internet. Naturally, many people were shocked by its estimates.
Given that I’m actually in the process of planning my own wedding, I thought I could give some constructive input on it.
1) Ask Around – You Really Don’t Need To Spend That Much On A Wedding
Let’s get this out of the way immediately, shall we? You really don’t need much and common sense would tell you that. How many weddings have you attended that actually cost $78,000?
Go and ask your friends who are married how much they actually spend on their weddings. Most of them would state a range from $30,000 to $50,000.
There you go. Myth busted. You’re welcome.
However, is it possible to spend $78,000 on a wedding? Sure, why not? Just earlier this year, there were not one but TWO reports of couples who spent over $100,000 on a wedding.
Given that both articles were published so close to one another, I thought the second article was a repost of the first $110,000 wedding. Who knew that there was actually another couple who made the exact same mistake!
Why aren’t more people taking their path of brilliance?
2) Interesting Observation – The Honeymoon versus Wedding Banquet Trade Off
I noticed something across all the weddings I’ve attended during my lifetime…
The grander the wedding banquet, the nearer the honeymoon destination.
Of course, we all have one or two rich friends who can afford that expensive St. Regis wedding banquet and still jet off to Europe to do their shopping.
Otherwise, I’ve noticed that those who splurged more on the wedding dinner tend to have less for their honeymoon. They often end up traveling somewhere nearby, or shortening their trips.
On the other hand, those who spend less on their weddings tend to enjoy longer honeymoons to exotic locations, minus the debts and worries! Who can afford to take long honeymoons when you need to hurry back to work to pay off your debts.
I know of this couple who had a simple wedding, flew off to Europe for 2 weeks and still had leftover cash when they returned! And no, they aren’t super wealthy folks or anything.
I’m not sure about you, but if I had a choice between having either a grand banquet or a good honeymoon, I’m definitely going for the latter!
3) Cost Calculations – Breakdown of $50,000
So let’s get down to the actual cost calculations shall we?
Of course, as with all cost estimate pieces I have to write… the hardest part involves picking a yard stick as the measurement of average. Who am I to determine what average is?
Hence excuse me as I attempt to state the average wedding criteria below:
Photo shoot (Local) – $2,000
Wedding Dress & Suit package – $3,000
Wedding Banquet (Fairmont Singapore, Weekend, 30 tables) – $36,000
Wedding Bands – $3,000
Honeymoon – $5,000
Total – $50,000
As you can see, it is realistically very possible to do it within a budget of $50,000.
A wedding does not have to be as financially scary as it looks… as long as you keep your ego in check.
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