It’s no secret that weddings are expensive. The wedding services industry is valued at over $70 billion, with wedding venues making up a large chunk of it. So how much do wedding venues cost? The cost can range from a few hundred to thousands of dollars, depending on the size and location of the event space, with the average price of a wedding venue in the U.S. being $6,000.
The guideline most people are advised to follow is that the venue should account for around 20-30% of your overall wedding budget. So if your total wedding budget is $20,000, you should aim to spend around $4,000-$6,000 on the venue. This should leave enough room in the budget for the many other wedding costs, including flowers and food.
However, this is only a guideline. Your wedding budget has to come down to what you value most on your special day and what you can realistically spend (and in some cases, not so realistically, but that is how many couples end up in debt.)
Here are the eight best strategies for saving money on your wedding venue.Continue reading Navigating the Rising Costs of a Wedding Venue: Tips and Strategies