The New Year is a time for new starts, resolutions and, for some of us, wedding planning. Although weddings can be the happiest day of our lives, they do come with a price. Literally. According to www.costofwedding.com, the average wedding cost in the United States is $25,576. Understanding the cost of a wedding, what goes into it and how to budget accordingly is incredibly important when trying to avoid depleting your life savings, or, worse, go in to debt.

When you think about all the things you need for your big day, it’s no wonder the price can grow quickly:

• Attire & Accessories
• Beauty & Spa
• Entertainment/Wedding DJ
• Flowers and Décor
• Gifts and Favors
• Invitations
• Jewelry
• Photography and Video
• Wedding Planner (if you’re not willing to DIY)
• Venue, Catering and rentals

There are always money-saving alternatives such as doing all of these things yourself, but if you don’t have the time or the desire to get crafty and DIY, then check out what the https://www.costofwedding.com tells us about the average cost of each spending so you can start budgeting accordingly:

• Attire & Accessories – $1,628
• Beauty & Spa – $130
• Entertainment/Wedding DJ – $1,363
• Flowers and Décor – $1,568
• Gifts and Favors – $698
• Invitations – $792
• Jewelry – $4,141
• Photography and Video – $2,789
• Wedding Planner (if you’re not willing to DIY) – $811
• Venue, Catering and rentals – $11,908

If you’re a 2018-2019 bride-to-be and you need a little help calculating the cost of your wedding, TheKnot.com has a fantastic wedding budget calculator to help. If you’ve done what you can with negotiating wedding costs and you still find yourself with a gap between budget and price tag, check out how a LendingPoint personal loan can help with your plans. We’ll quickly tell you how much you qualify for, and you can choose the loan option that suits you best. Applying is simple and easy. Your loan could be deposited in your account in as little as one business day. Apply now and see!

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