The average price of a wedding in the U.K. will surge by 60 per cent from 2006 to £32,000 in 2028, according to an analysis of Office for National Statistics (ONS) data.
The money.co.uk analysis based its findings on the last 80 years, including inflation and higher expenses. If you and your partner have been saving £105 per month to get married, it will take you at least ten years to pay for an average wedding, according to forecast.
In 2017, the cost of exchanging matrimonial vows amounted to £27,500 from more than £18,700 in 2006. The cost of divorce has risen even higher based on data in 2003 when it cost £13,050 to dissolve a marriage. Now, an average divorce will require couples to spend at least £47,000.
In the next ten years, it will balloon to more than £60,000. Neither the cost of a wedding or a divorce seems to be stopping many couples from transitioning to married life. If your sole concern involves a low-cost wedding, think about the expenses that you can save by booking early.
This includes finding affordable event lighting for hire or a caterer that provides discounts to early-bird clients.
Many women who wish to walk the aisle this year have picked up on several trends for the occasion. For instance, 3D invitations have become popular among couples, while some are shying away from buying diamonds as their choice for an engagement ring.
Another trend involves the bride’s wedding gown. The traditional white dress became a less obvious choice, as the rose and champagne dress has risen in popularity by 46 per cent and 358 per cent, respectively.
The cost of your big day will depend on your preferences, but it does not mean that you could not save on some expenses. How much is your wedding budget?