Wedding Rings. Monday , November 13th , 2017 - 17:30:11 PM
Here`s How Much the Average Wedding Guest and Attendant Spend. The Knot 2017 Wedding Guest Study surveyed over 1,000 people to find out just how costly attending a wedding is. With wedding gifts, travel and attire, it`s no surprise that being a wedding guest can be one expensive honor—but just how expensive? For The Knot 2016 Wedding Guest Study, we surveyed over 1,000 people who`ve been a guest or attendant at a wedding in the past three years, and the findings are eye-opening. We found that the average guest spends $118 on the wedding gift, and wedding attendants are spending even more at $177, on average. (But remember, this number is an average, which means depending on where you`re attending each wedding, your spend could be higher or lower.) Plus, if you`re a member of the wedding party, you`re shelling out for a more expensive type of gift: 6 in 10 spent $500 or less on the bachelor/bachelorette party (including attire, drinks, meals, activities and party favors, and not including flights, accomodations or gifts). But on average, men spend more ($738) than women ($472). Find more of our guest and attendant stats below, coupled with tips on how to save. How to Rein in Spending on Wedding Gifts. Personal wedding websites remain the number one way couples share their gift registries with guests (83 percent). Official wedding registries continue to be the most popular place to select a gift to give the couple, with 37 percent of wedding guests and attendants purchasing a wedding gift directly from a registry. Cash and checks are also popular gift options, with nearly one-third (29 percent) of guests gifting either cash (21 percent) or writing a check (8 percent). One in 10 (10 percent) wedding guests and attendants provide the couple with a gift card as their wedding gift. Seven percent of guests contribute funds to the couple`s honeymoon as their wedding gift. And with the spirit of giving back on the wedding day on the rise, 1 percent of guests gift a charity contribution on behalf of the couple as their wedding gift.
If they did, you might decide to go with simpler (read: cheaper) invites. The Cost: Oversize, uniquely shaped, heavy or bulky invitations can cost you about $2 each to mail. How to Avoid It: Skip the fancy boxed invitations and multilayer cards, which can bulk up quickly and cost a lot more than you bargained for. Wedding Dress Alterations and Steaming. Why It`s Hidden: Most stores don`t include alterations (or steaming) in the price of the wedding dress, and they`re not doing it for free—it can take up to three hours just to alter the bustier. The Cost: A simple hem can be less than $100, but completely rebuilding a bodice can send the price up to $500. How to Avoid It: Ask about what the store charges for every alteration you may need before purchasing the gown so you`re not blindsided by the extra costs. Overtime Fees. Why It`s Hidden: Your band, DJ, wedding photographer and videographer are booked for a certain amount of time, so if your wedding runs a little longer than you expected, they`ll charge per hour after they`ve reached the time specified in the contract. The Cost: Starting at $250 per hour (although some vendor`s per-hour overtime fees are more expensive than their typical per-hour charge). How to Avoid It: Factor in additional time for getting dressed and taking photos—that way, you can book your pros for a more realistic time frame. Get overtime costs in writing (they shouldn`t be more than 50 percent more per hour than the regular rate), so you`ll know what to expect if you decide to keep the party going. Welcome Bag Delivery.
Start Your Ring Search Early. Once you have a basic idea of what kind of ring you`d like, it`s time for the fun part: trying them on! Give yourselves at least two to three months before the wedding date to ring shop. You`ll need this time to browse, research prices and revisit rings that catch your eye. If you have your heart set on a custom ring, you`ll probably need even more time. And keep in mind: Extras, like engraving, can take up to one month. Mix It Up. Don`t fret if you like platinum and your partner likes yellow gold. There`s no rule that says you have to choose the same metal or even style. You could compromise with braided bands that blend the two metals together or just be totally different—the key to finding something you both love is choosing wedding bands that reflect your individual styles. Set a Budget. Shop with the assumption that you`ll spend about 3 percent of your total wedding budget on the rings. Depending on the retailer, a plain, 14-karat gold or simple platinum band can cost around $1,000. Embellishments, like diamonds or engraving, will quickly add to the cost, so factor that into your budget if you plan to personalize your rings with any of these extras. The price of engraving is usually based on the number of characters, the font used and whether it`s engraved by hand or machine (hand is usually pricier). Keep Your Lifestyle in Mind.
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