437: Wedding Costs Are WILD: Is Your Dream Day Worth Going Into Debt?

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 2 August 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wedding costs have been slowly growing over the past few decades. But recently, after a wild 2020, 2021, and 2022 wedding season, the average wedding cost has hit heights that most Americans simply can’t afford. But what can you do? Cancel your wedding and go straight to the courthouse? While this isn’t a bad option for some, most couples tying the knot want something their friends and family will remember for years. So, here’s how to do it on a budget! We brought expert event planner and fundraiser AJ Williams on the show to go over what’s worth it, what’s not, and what couples should spend the MOST money on when planning their special day. Whether you’re getting married at home, stateside, or abroad, there are a few specific expenses of a wedding that you should never skip out on and some that could put you in a tough financial bind. With flowers, DJs, photography, and catering, which deserves a spot in your ceremony? AJ will also go over how much a wedding costs on average, what the elite pay for their ceremonies and parties (you won’t believe the number), and the top wedding myths that could cost you. In This Episode We Cover The average wedding cost in America and why prices have recently been rising What to cut and what to keep during your wedding day Budgeting for your wedding and how much of a buffer you REALLY need Common wedding cost myths and tips to save you THOUSANDS Non-negotiables when planning your wedding and what is worth paying extra for And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Amanda's Instagram Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Listen to The Real Estate InvestHER Show Join The Real Estate InvestHER Community on Facebook Register for an Upcoming InvestHER Event Money Moment How to Financially Thrive in Marriage (Even if You or Your Partner is In Debt! AJ's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/money-437 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast where we interview AJ Williams and talk about the actual cost of weddings.
0:06.7	Hello, hello, hello, my name is Scott Trench and with me today is my also married co-host Amanda Wolff.
0:12.3	How you doing today, Amanda?
0:13.3	Doing great.
0:14.1	Awesome. Amanda and I are here to make financial independence less scary.
0:17.4	Less just for somebody else.
0:19.2	To introduce you to every money story because we truly believe financial freedom is attainable for everyone.
0:24.3	No matter when or where you're starting.
0:26.1	Whether you want to retire early and travel the world, go on to make big time investments in assets like real estate or throw your dream wedding.
0:32.8	We'll help you reach your financial goals and get money out of the way so you can launch yourself toward your dreams.
0:37.2	All right, we have a new segment of the show called The Money Moment where we share a money hack tip or trick to help you in your financial journey.
0:43.4	And today's money moment is have a spending buddy.
0:46.4	If you are an impulsive spender or are having trouble justifying a large purchase,
0:50.0	have a friend, family member or partner you check in with prior to making those large purchases.
0:54.7	This sounds silly, but it may help you take a moment of reflection to determine if the purchase is actually worth it.
1:00.0	Do you have a money tip for us?
1:01.0	Email moneymoment at biggerpockets.com.
1:03.3	All right, before we bring in AJ, you know, I thought it'd be fun to just kind of quickly talk about at a high level our weddings.
1:09.3	Amanda, I know you recently got married.
1:11.8	When was that?
1:12.7	So I got married last June.
1:14.3	So we just had our one year anniversary, like two weeks ago, June 26th, and oh my gosh,
	...

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