According to a national wedding statistics and market research organization, the average cost of a wedding dropped another 14% from $19,212 in the first quarter of 2009 to $16,546 in the second quarter of 2009. These results were based on survey samples of both couples and wedding vendors across the US.
Despite the additional slide in spending, there appears to be a leveling off. Samples from July 2009 surveys already show a leveling in spending of bigger ticket items, an increase in the number of guests, and an increase in demand for destination weddings.
- Items that saw the largest increase in spending; transportation rentals and decorations, with increases as much as 68%.
- Items that saw the largest decrease in spending; jewelry, reception and ceremony accessories, with decreases as much as 52%.
- Items that saw the largest increase in demand; Combined services (ceremony and reception) including music and services related to the reception, with increases as much as 180%.
- Items that saw the largest decrease in demand; items related to the honeymoon and day-of-coordination, with decreases as much as 54%.
One factor that I am sure is contributing to the reduced spending, is that a lot of couples are doing things themselves, that they would have previously hired wedding professionals to do. I see this trend more this year than in previous years. Many brides & grooms are creating their own wedding invitations, creating their own centerpieces for the wedding reception and some are even relying on friends and family for services such as photography & videography.
How has your wedding budget changed over the past few months? Are you taking on more responsibility yourself and relying less on professionals? Please leave a comment below and let us know your thoughts & ideas.