Getting married is an undeniably amazing and memorable experience that couples will cherish for the rest of their lives. But modern-day weddings can be downright expensive, especially if you make one or more of the following mistakes.
Forfeiting Security Deposit
Be sure to familiarize yourself with the venue’s terms and conditions regarding the security deposit. Most venues require an up-front payment, in addition to the actual rental cost, that’s returned if you comply with its rules and don’t cause any damage. Security deposits can range anywhere from $100 to $1,000 (or more), depending on the venue. But you’ll only get this money back if you comply with the terms set forth in the rental agreement. Read through the fine print in the agreement, and if you have questions about the security deposit, don’t be afraid to ask the owner or property manager.
Renting Audio Equipment
Some couples may assume that it’s cheaper to rent audio equipment instead of hiring a professional DJ for their wedding. In reality, though, a professional DJ will give you far more bang for your buck by offering high-end sound equipment along with technical expertise. Furthermore, there’s always the possibility that rented audio equipment may become lost or damaged, in which case you’ll have to pay for it. The bottom line is that couples should choose a professional DJ or live band for their wedding instead of renting the equipment.
Unwilling to Change or Compromise
Couples who are unwilling to change or compromise when planning their wedding will end up paying more, much more, for their big day. This doesn’t necessarily mean that you have to settle for products or services that you dislike, rather be open to comprising on certain items, especially if it can save you big bucks.
Not Following a Budget
Before you even think about booking a venue or signing purchase agreements with vendors, you and your fiance should first create a budget. Failure to create and/or follow a budget is a serious mistake that can cost you big bucks when planning a wedding. Otherwise simple services and products like wedding invitations and photography can quickly add up. And without a budget, you won’t know whether or not you are approaching your financial limit.
Overdoing the Food and Beverages
It’s no secret that food and beverages is one of the biggest expenses associated with modern-day weddings. According to the The Bridal Association of America, the average wedding catering service costs a whopping $12,790 — a price that includes food, beverages, drink service and cake cutting. So, couples who invite 150 guests to their wedding can expect to pay roughly $85 per person. Most couples, however, order an excessive amount of food and beverages for their wedding. Sure, you can always take home and give away some of the leftovers, but you can easily save hundreds of dollars by serving the right amount of food and beverages.