You’re engaged and ready to tie the knot? First of all, congratulations! What a momentous time in your life. Marriage is a big commitment and a wedding is an exciting endeavor. Picking the perfect rings, a charming officiant, supportive groomsmen and bridesmaids, the tastiest food…
And if you’re getting married in our area, you’re most likely wondering which is the best wedding venue in Wilmington. Don’t worry, we’ve got you covered.
Your new home!
No, seriously, think about it. In 2019, the average wedding in the U.S. cost $33,900. This went down in 2020 while the pandemic put strict limitations on gatherings, but it’s predicted to rise again in 2021 and 2022 as restrictions are lifted and people try to make up for lost time. Right now, the average cost of a wedding in North Carolina is $29,500.
For what is typically one day, $29-34k is a lot to spend and most weddings are paid for, at least in part, with credit. That means the wedding costs even more than originally charged because the borrower is paying interest. Doesn’t it make more sense to put those funds toward growing your family’s wealth, which will make an even bigger impact for years to come?
Of course, no one is saying to not have a wedding. We are merely suggesting scaling back. The average cost of the wedding venue is $10,500 and the average cost of transportation is $800. Catering comes in at $70 per person. Once you add up all these costs, you start to see where a couple could have a down payment for a new home instead.
We understand the sentimental value of a wedding. You want all your family and friends there to help you celebrate your marriage, and you want everyone to enjoy themselves. But let’s be real – no one is going to fault you if you decide to skip the wedding favors and substitute a 4-tiered wedding cake with a sheet cake and donut wall. When they hear why you’re having a back yard wedding, you’re going to become the most financially savvy couple they know.
Hmmmm…are you sure you shouldn’t be working in the financial sector?
If you still aren’t sure about the costs of a wedding versus the costs of buying a home, here’s a fun show to watch this weekend:
We also know there are readers out there saying, “$34,000?! I can do a wedding with $5,000!” Then, you need to be leaving some tips in the comments. Share all the knowledge.
If you’re ready to snag the best wedding venue in Wilmington, give us a call at (910) 202-2546. We’re happy to help walk you through the process.
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