After a proposal, most couples are already planning their wedding. Even if it's not due to take place for another year, numerous questions suddenly arise: "Where should we celebrate?", "Should we have a buffet or a set menu?", "Which decorations suit us?" and, above all, "How much should we expect to pay for the wedding?". Before you start asking yourself these questions, we will show you in the following article what a sensible budget can look like, what wedding costs are incurred for what and why you should definitely include more wedding budget for your wedding rings.
What are wedding costs?
The costs for a wedding include all expenses related to the actual wedding ceremony, the celebration, but also the planning and the honeymoon. Whether it's renting the venue, buying the wedding rings, expenses for the wedding dress and suit or fees for the band, DJ or artists, all of this falls under wedding costs. According to a recent wedding study conducted by WeddyPlace in 2023, over 50% of the bridal couples surveyed said they spent up to EUR 15,000 on their wedding. For 30%, the budget was still between EUR 15,000 and EUR 25,000.¹ Of course, the cost of a wedding varies greatly and depends on your ideas and wishes, such as the size and scope of the celebrations.
Wedding costs are lowest if you opt for a wedding ceremony for two or at most a small group. This has the advantage that you have more wedding budget left over for other items such as fancy designer wedding rings or your honeymoon. However, a large-scale wedding is also possible if you want to celebrate with all your family and friends. Budget planning is an excellent way to cleverly divide up the costs for your wedding.
What is the best way to plan the costs of a wedding?
Draw up a budget plan so that you can keep an eye on the costs of your wedding at all times and structure them sensibly. This will guide you through the entire
wedding planning. The first milestone is to set a maximum budget. Once you have clarified the sources of funding, as it were, start a list of all expenditure items that you can already identify. The list of all expected expenses should be as detailed as possible.
Then prioritize and ask yourself what is most important to you. You can also incorporate price ranges directly or see where you can make savings in the areas of your wedding costs that seem less important to you. A crucial tip: plan a buffer for unforeseen expenses in the wedding costs. This will protect you from unpleasant surprises. After all, it should be the best day of your life.
Once you have budgeted, start your search for the most important service providers. Obtain different quotes and compare the prices. Don't be afraid to ask for discounts or special offers. You may also have someone you know who offers a service that you need.
Use your budget plan actively. Always enter everything accurately and adjust the costs for your wedding if necessary. This will help you keep everything up to date until the big day.
What is included in the wedding costs?
A comprehensive budget plan is so important because there are a number of items that you need to consider in the cost of your wedding. Even those that may not be immediately obvious.
You should think about this:
- Invitations and stationery: printing and mailing of save-the-date cards, wedding invitations, menu cards, place cards and thank you cards
- Location: Rent and interior design
- Flowers and decoration: flower arrangements for tables, rooms and the car plus further decoration
- Wedding rings: shape, style, material, stone setting, surface finishing and engraving
- Catering and food: Food and drinks, service staff, crockery, glasses and cutlery, as well as the wedding cake and a candy bar if required
- Gifts for guests: small gifts for your guests
- Bridal and groom's outfit: wedding dress, suit, all accessories such as shoes, bridal bouquet and possibly clothing for bridesmaids and groomsmen
- Make-up and styling: hairstyle, cosmetics, manicure and pedicure
- Transportation: rental car, carriage or shuttle service
- Photography: professional photographer
- Entertainment: DJ, band or artist, comedian or similar
- Planning and organization: Wedding planner
What many couples initially forget when considering the costs for the wedding are those for the registry office, the church in the case of a church wedding or the independent wedding speaker in the case of an individual wedding ceremony.
The most important thing: Plan a sufficient wedding budget for the purchase of wedding rings and wedding bands, preferably from a renowned manufacturer such as Fischer Trauringe. We'll tell you why this is so important in the next section.
Why invest in high-quality wedding rings?
You should take your time when choosing your wedding rings. There is an almost infinite choice of models and designs. Thanks to technological progress and sophisticated craftsmanship, many things are possible today. When planning your wedding costs, it is recommended that you budget around 15% of the total wedding budget for the wedding rings. With a total value of €10,000, this means at least €1,500 to €2,000. Please understand this figure as a rough guide. The upper and lower limits are of course open. Why is it better to invest more than too little in high-quality wedding rings? Remember that they will accompany you for a lifetime after the wedding. Every day, your wedding ring will remind you of the most beautiful thing in the world: your love for another special person. Your wedding rings are therefore the only part of the cost of a wedding that will last and accompany you in your everyday life. It is certainly worth investing in your personal dream dress or an extravagant tuxedo. However, unlike your wedding rings, you will only wear them once in your life. Be sure to factor this consideration into the breakdown of your wedding costs.
In addition to the symbolism, the value and the associated investment should not be underestimated, even if wedding rings are initially part of the cost of the wedding. Especially when you buy gold wedding rings or opt for platinum wedding rings and wedding bands, you are making a long-term investment.
The price of wedding rings, and therefore the cost of your wedding, varies greatly and is based on various factors. These include material, stone setting, surface treatment and engraving. It is important to always pay attention to high quality and manufacture, which you can be sure of with us. To get a better feel for the cost of your wedding rings, use our confiischerator. Here you can design your desired models and then receive non-binding advice on your models from one of our jewelry partners.
¹https://de.statista.com/statistik/daten/studie/1325916/umfrage/umfrage-unter-brautpaaren-zu-den-kosten-ihrer-hochzeit/
