Here’s Everything You Need to Know About Budgeting for Other People’s Weddings
iStockphoto.com/Ulrich Schade
No matter how many times we write about the ever-escalating cost of being a wedding guest, our jaws continue to hit the floor whenever the latest stats are revealed. We’re still reeling from last year’s average—a whopping $673 per wedding—so you can imagine our reaction when we learned that the number has inched higher yet again.
Get this: In 2016, Americans can expect to spend, on average, $703 per wedding they attend (that’s a 5 percent increase from last year). And it’s even steeper for millennials—they should be prepared to fork over $893. The number creep upwards even more so if you’re in the bridal party or a family member of either the bride or groom.
The good news (you know, now that you’re freaking out about how you’re going to fund all of those wedding dates on your calendar—in addition to paying for your own) is that there’s a very logical way of going about budgeting for other people’s weddings, and it’s all hashed out for you right here.
From how far in advance to start saving (hint: ASAP) to exactly how much money to stash away, these guidelines will be incredibly useful for anyone who’s got multiple weddings on the docket this year.
Read up on all of the advice here and then do your ‘maids a favor and pass it on to them.
For more on weddings and your wallet, go here.
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