Spring is upon us which means Wedding season is heating up!
The number of wedding blogs and vendors are growing and becoming more popular. As such, couples have many options to choose from when making the preparations for their big day. The needs and priorities of couples today have changed over the years, so I have compiled some wedding facts that can help you keep your finger on the pulse of the current state of the wedding industry.
Weddings by the Numbers:
- The best time to buy wedding supplies or have your wedding is during the first and fourth quarters of the year: January through March and October through December. During this time it is a lot easier to find a venue and negotiate prices for a service. ~ Lifehacker.com, 2012
- The average wedding now costs $27,800. However, weddings that are hosted in large urban areas average around $40,000-and-up. ~ Theknot.com, 2012
There is no need to go into debt. You can have a lovely, unique, personal wedding at any price point. – Anne Fulenwider, editor in chief of Brides.com
- The Knot.com’s 2011 research study found that couples spend an average of $12,000 on a reception and $5,000 on the engagement ring, which are the biggest-ticket items of an average $27,800 wedding.
Wedding Tip: New brides should always create a Wedding checklist
Are you ready for some fun survey facts?
A May 2012 survey of 1,272 Brides magazine and website readers found:
- 91% of couples set a budget, but 32% overall, and 40% of those who plan a destination wedding, cross that line.
- 72% of couples used savings to pay for their weddings.
- 30% use credit cards, and most expect to pay off credit cards within six months of their wedding.
- 54% of couples said paying for a wedding would not hamper their plans for “buying a house or a car, starting a family, etc.”
- 62% of couples say they’re contributing or paying entirely for the reception costs, including 36% of couples who expect to pick up the entire tab themselves.
Random Fact: There are 92 ShareASale Merchants listed in the “Wedding” category.
Keeping these numbers in mind will help you to stay up with today’s wedding trends and the mindset of today’s bride and groom. Have a great wedding season 2013!