How to plan your dream wedding without breaking the bank
A typical wedding in London costs £36,000. Here’s how to cut costs without ruining your big day
The average cost of a wedding was £21,000 in 2023, according to wedding planning app Bridebook, but that rose to £36,000 if you got married in London. So where can you cut back? “Ditch the wedding favours,” says Elizabeth Anderson in The Times; “these simply get left on the tables or thrown away. Extras such as flip-flops and blankets for sitting outside are also unlikely to be used.” Some couples are also foregoing a cake. With a multi-tier, professionally baked cake costing more than £1,600, it is an easy way to save money. Either opt for a store-bought cake you – or a talented family member or friend – decorate, or have no cake at all.
When you are setting the date, consider that “going out of season can lead to serious savings”, Zoe Burke, editor of Hitched, told the Daily Express. Getting married midweek can slash your venue costs. The average venue will set you back £9,877, including catering, according to Bridebook. A Tuesday wedding cost an overall average of £16,273 last year. A brand-new designer wedding dress can cost thousands, but you can find a far cheaper option on the high street – or buy a “‘pre-loved’ dress”, says Matthew Jenkin in The Guardian. You can search online for second-hand dresses at StillWhite, or Oxfam has a whole section of its website dedicated to weddings, with dresses, accessories and suits.
Cutting your guest list will help. The average couple spent £5,732 on catering for 89 guests last year: £64 a head. Also, look for a venue with in-house catering, as that saves an average £1,200, according to Anderson.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Ditch the wedding invitations
When it comes to invitations, scrap the paper and opt for a wedding website instead. You’ll save hundreds of pounds as the websites are usually free. “You can use them to collate your guests’ emails and send out save-the-dates, invitations and thank-you cards,” says Alison Rios McCrone in Metro. “It’s also handy to have one place where attendees can source all the information they need about your big day, and you can easily keep track of everyone coming.”
You can expect to pay around £1,500 for eight hours of a photographer’s time on the day, along with digital prints. Be wary of budget photographers charging £500 or less. “This tends to be the price bracket where photographers over-commit and underperform,” says Anderson. It makes sense to insure your big day. Wedding insurance will cover you if the venue goes bust or a supplier lets you down, but may not pay out if the bride or groom gets cold feet. A policy to cover a £20,000 wedding will cost around £150. Finally, if you’re a guest at a wedding, you can expect to spend an average £400, according to research by Aviva. Guests can cut costs by booking their travel in advance, car sharing and clubbing together with other guests to buy a gift.
This article was first published in MoneyWeek's magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.
Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.
Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.
-
The new 4% rule – how much should retirees really draw from their pension in 2026?Brits retiring in 2026 could be withdrawing too much from their pension pots if they stick to an old rule about ‘safe’ limits – with the risk of running out of money in retirement
-
Leaving it too late to gift inheritances costs some of Britain’s wealthiest families £3m eachEven average Brits are being landed with huge and unexpected inheritance tax bills because of a little understood rule around gifting, new figures show
-
Big Short investor Michael Burry closes hedge fund Scion CapitalProfile Michael Burry rightly bet against the US mortgage market before the 2008 crisis. Now he is worried about the AI boom
-
Why the Waspi women are wrongOpinion Compensation for the Waspi women would mean using an unaffordable sledgehammer to crack a nut, says David Prosser
-
Why UK stocks are set to boomOpinion Despite Labour, there is scope for UK stocks to make more gains in the years ahead, says Max King
-
Should ISA investors be forced to hold UK shares?The UK government would like ISA investors to hold more UK stocks – but many of us are already overexposed
-
How Germany became the new sick man of EuropeFriedrich Merz, Germany's Keir Starmer, seems unable to tackle the deep-seated economic problems the country is facing. What happens next?
-
Who is Jared Isaacman, SpaceX astronaut and Trump's pick as NASA chief?Jared Isaacman is a close ally of Elon Musk and the first non-professional astronaut to walk in space. Now, he is in charge of NASA
-
'Rachel Reeves’s tax rise will crash the economy'Opinion Rachel Reeves will be the first chancellor since Denis Healey in the 1970s to raise income tax. It will only push Britain into recession, says Matthew Lynn
-
Venture capital trusts that offer growth, income and tax reliefOpinion Alex Davies, founder of high-net-worth investment service Wealth Club, picks three venture capital trusts where he'd put his money
