Did you know that, according to costofwedding.com, the average wedding in the U.S. costs more than $24,000? If you are anything like me, this must seem absolutely outrageous! Imagine what you could do with that money? The ideas that first come to mind are: buy a new car, a down payment on a home, or maybe even invest it for your retirement fund. Even if you would rather use this money for something more long-term, it doesn’t mean that you are willing to have a boring wedding.
Even as a personal finance blogger, I wasn’t willing to elope in Vegas and spend the money that I would have saved on something more reasonable. We still wanted this day to be special and one to be remembered. This doesn’t mean that my wife and I didn’t do everything possible to cut corners and save money. Our motto when approaching our wedding budget was to have a quality wedding without emptying our savings.
One of the largest expenses in planning a wedding is the bride’s wedding dress. There are certainly more expensive aspects to a wedding (venue, honeymoon, catering), but it is up there on the list of most expensive aspects of a wedding. Did you know that some people spend upwards of $5,000 on a wedding dress? When does anyone wear a dress for a second time? As someone who got married just over two years ago, I know that it is not uncommon to spend $2,000 for a nice wedding dress.
How We Saved $1600
This doesn’t mean that a frugal bride is forced to wear a hand-me-down or a thrift-store substitute. In fact, if you are creative enough, you can save thousands of dollars without sacrificing quality. My wife and I decided to take this route. We searched the classifieds, but we weren’t looking for a used dress. While that is another viable option, it wasn’t what we were looking for. We were searching for someone to make a dress for my wife.
In the end, we were able to find a retired, part-time seamstress who could make my wife’s dress for a fraction of the price. We were able to come away with a high-quality dress for under $400 (including materials). The same dress would have cost somewhere around $2,000 in the stores. Better yet, the $1600 that we saved by having a dress made went directly into our emergency fund.
If you are in the process of planning a wedding and want to make it the most special day of your life without emptying the bank, why not look for someone to make the dress of your dreams. This choice could save you thousands of dollars and hours of trying on dresses that either you cannot afford or don’t like.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.