How Much Should a Couple Really Spend on Their Wedding?

How Much Should a Couple Really Spend on Their Wedding?

Many young couples starting their careers grapple with the question of how much to spend on their wedding, especially if they are funding it themselves without family support. While the easy answer is "it depends," one expert offers a surprisingly specific and achievable guideline.

A Simple Rule for Wedding Costs

According to the author, a good starting point for a couple with no significant net worth is to cap the wedding budget at one to two times their combined annual income. For instance, if a couple's joint annual salary is 24 lakhs, their wedding should ideally not exceed 24-48 lakhs. This thumb rule is designed to help young couples avoid starting their married life with debt.

This suggestion may be viewed as impractical by some, but the author argues that it is a doable approach to avoid the common trap of excessive borrowing for a lavish celebration. The ideal scenario is to save up for the event without taking on loans.

Financial Planning for Your Big Day

The underlying message is a call for a more financially responsible approach to weddings. Instead of focusing on extravagance, couples should prioritize their long-term financial health. The most prudent path is to save for the wedding and fund it without resorting to loans, ensuring that your most important milestone doesn't become your first major financial burden.