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Cutting wedding costs

June is wedding season, and if you’re starting to plan ahead for your own future nuptials, you know that the price can be steep. In fact, the average overall cost of a wedding in the United States is around $28,000.

However, it is possible to have a memorable day while sticking to a realistic budget, advises the Maryland Association of CPAs. Here are some tips:

Avoid the crowds

June is the most popular time to schedule a ceremony, which also means that it is the most expensive. Caterers, reception halls and other vendors are much more likely to offer better pricing —- or be willing to negotiate on costs -— if you set the date during the slower months of the year, such as January, March or November.

You can also lower your costs by avoiding a wedding on a Saturday night, the busiest time for receptions, and picking an afternoon affair or a Friday night instead.

Set smart priorities

If your budget is limited, it’s wise to devote your dollars to the most practical items, those that will be meaningful to you and your spouse and last the longest. It may be best, in other words, to pay a little extra for a high-quality, reputable photographer, since the value of pictures or videos will last a lifetime.

On the other hand, while flowers add a touch of beauty to the festivities, it’s best to avoid setting your heart on out-of-season or very expensive varieties. If flowers are too expensive altogether, simple candles or tea lights can brighten up your surroundings at a much lower cost.  

Think outside the (dress) box

A wedding dress sold in a bridal shop will likely cost significantly more than a beautiful gown that you buy at a department store or prom shop, so keep an open mind when you go shopping.

Find out, too, if the mother of the bride or groom or another loved one has a gown that she would be willing to lend for the occasion. That will not only cut your costs but also add some meaning to the moment.

Finally, in lieu of renting or buying a tuxedo, consider opting for a great new suit for the groom that he can wear again. 

Be creative

Simple party invitations with a postcard for responses will probably run much less than an elaborate traditional wedding invitation with multiple layers and inserts. To add a personal touch, consider designing and printing your own invitations.  

Have fun with your choices

Catering is usually a big ticket item, so this is a great place to search for cutbacks. Consider choices that will make your party unique and most enjoyable for you and your guests. A buffet meal, for example, not only promotes socializing, but it will also cost less than a sit-down dinner because the caterer does not have to hire waitstaff.

Don’t feel compelled to have a wedding cake, either, since they can be very costly. Some couples opt for a tower of cupcakes or other fun and affordable alternatives.

Consult your CPA

Your local CPA has the expertise to provide valuable advice on all of your financial decisions and important milestones. Make sure to turn to him or her with all of
your financial questions.

Only CPAs are equipped to address your full range of financial needs with integrity and insight. In Maryland, CPAs must pass a rigorous two-day examination, adhere to strict ethical and professional standards, and, beyond college, complete 80 hours of continuing education every two years to be certified by the state — accountants do not.

Your doctor is certified; your lawyer is certified. Make sure your accountant is a certified public accountant.

For CPA referrals in your area, contact the MACPA at (410) 296-6250 or click here.

The Maryland Association of Certified Public Accountants (MACPA) is a statewide professional association that provides leadership, information and services for its nearly 10,000 CPA members, who are employed in private practice, industry, government and education. CPAs are business and financial professionals who have passed a rigorous two-day examination in order to be licensed by the state. CPAs are committed to protecting the public interest, and must adhere to stringent ethical and professional standards and continuing professional education requirements.