In an article by Jane Zhang in the Wall Street Journal, she stated that as the economy shinks, so do wedding budgets. The article may be meant for the US market, the issue is also very much true here in the Philippines and in Asia.
With the uncertainties in the economy, couples are starting to trim down the budget. This includes reducing the number of guests, doing away with expensive favors, among others. This is reflected to the research conducted by Wedding Report Inc.
The average cost of a wedding in the U.S. was $19,212 in the first quarter, down from $21,814 last year and $26,450 in 2005, according to Wedding Report Inc., a market-research company. A survey by Brides.com earlier this year found that 82% of the couples who responded set a budget before they started planning their wedding, up from 72% in the previous survey in 2006.
So to cope in this difficult times, Jane Zhang provides these tips.
- Set Priorities
- Consider a Destination Wedding
- Check Out the Parks
- Compare and Bargain
- Rely on your Friends
To view the full details of her tips, visit her article at I Do… For Less. It is a recommended reading if you want to keep your most important event within budget.
This post is submitted by Mariz in cooperation with Camella Homes Philippines.
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