7 Ways to Recession Proof Your Wedding
As businesses brace for the possibility of a double dip recession, brides and grooms should plan for the unexpected when planning their wedding day: job loss, vendors going out of business, rising prices and traveling limitations.
While weddings still take place even in a down economy, brides and grooms are scaling back and trimming the excess from their celebrations. The numbers show the dramatic shift:
photo courtesy of Birdsong Photography
The average cost of a wedding dropped $10,000 in a year after the recession began. Last year the cost began to recover, rising from $19,581 (2009) to $23,867, according to The Wedding Report. But the latest figures show weddings are taking a hit again, with the average cost of a wedding for the first half of 2011 sinking to $21,277.
Scarcity of jobs, a sour housing market and high fuel costs are making wedding planning a challenge - for couples and vendors alike. Florists, caterers and bakers are feeling the pinch of rising prices and are passing those costs onto their clients.
But, there are ways to recession-proof your wedding and make your day of celebration a little easier on the wallet for everyone involved. Here are several ways.
1. Go off-peak. Choose an off-season month (January, February or November) to get married, and an off-peak day and time. Saturday afternoon and evenings are the most desired spots, so go for Saturday morning, or Friday or Sunday night to save money on venues and services.