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.
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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
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.
- 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.