GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Its when you gather with your favorite people and celebrate a new chapter in your life.
The price of hosting a big event can be intimidating, though.
According to data from The Knots Real Wedding Study, the average cost of a wedding is $33,000.
The good news is that planning can help you afford your dream wedding.
So if youre wondering how to pay for a wedding, this guide has the answers.
Heres everything you’re gonna wanna know.
7 Common Ways People Pay for Weddings
So, how do people pay for weddings?
Its usually a mixture of the following options.
Remember, a wedding is expensive, and most people use money from different sources.
Personal Savings
Many couples build savings over time to pay for wedding expenses.
You wont have to worry about interest payments after the honeymoon ends.
Clear communication about expectations is essential to avoid misunderstandings.
If you take the money, ensure to ask your family about potential stipulations.
Wedding Loans and Personal Loans
Some people usepersonal loansto pay for wedding expenses.
you could use personal loans for nearly any expense, including weddings.
The loans usually have fixed interest rates and consistent monthly payments.
Loans provide quick access to money, but it can be expensive to borrow money.
Some couples strategically use credit cards to earn travel points and pay for their honeymoon.
Credit cards can be a risky way to pay for a wedding if youre not careful.
Side Hustles and Extra Income
Some people start side hustles to earn extra income during wedding planning.
You might work on the weekend, after work or early morning.
Extra income can help you pay for your wedding without additional debt.
Wedding-Specific Savings Accounts
You could also open a wedding-specific savings account and add money over the years.
you’re able to also start saving early.
For example, you might start saving before youre engaged.
The sooner you’ve got the option to start, the better.
The answer is cutting costs.
Heres what to consider as you decide how to pay for a wedding the good and the bad.
The following wedding expenses have a significant impact on your total price tag.
Where Wedding Costs Can Add Up
Your wedding choices directly affect the total cost.
To save money, focus on these key areas.
It depends on your budget, vision, guest count and more.
But regardless of your budget, the following steps can help you stick to the plan without overspending.
Step 1: Figure Out Your Budget
Start withyour overall budgetand work backward.
Break down the expenses and take a stab at budget for every category.
Maybe youve always envisioned dancing until the early morning, and a DJ is nonnegotiable.
you’re able to also make a run at negotiate or ask about cheaper packages.
Final Thoughts: Whats the Best Way to Pay for a Wedding?
The best way to pay for a wedding depends on your finances, savings and comfort with debt.
you’re able to use various strategies to make your big day fun and affordable.
attempt to be strategic about making it work and avoiding high-interest debt.
FAQ
Data is accurate as of March 26, 2025, and is subject to change.
you might learn more about GOBankingRates processes and standards in oureditorial policy.
Share This Article:
