This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Real Costs of Wedding Day Cold Feet

Stocks in this article: XOXO M TGT BBBY

BOSTON ( MainStreet) -- Wedding couples who let a case of cold feet cancel their plans will be lucky if their relationship is all that gets lost in the exchange.

Wedding jitters and nullified nuptials are just fine when it's Julia Roberts' Runaway Bride lacing up the track shoes or Simon Pegg's Run, Fatboy, Run character on the lam from responsibility, but it can become a costly proposition for grooms or brides looking to bail out before the big day. The mean cost of an American wedding last year, including the engagement ring, was $26,984, according to (XOXO) and's Real Weddings study. The fact that the total price dropped 5% from the year before likely comes as little consolation to former couples whose wedding investments were wiped out by second-guessing and doubt.

Wedding couples stand to lose more than their relationship by calling off the ceremony.

"There are a lot of costs associated with the wedding that are nonrefundable at the very beginning," says Amy Eisinger, associate editor of "Typically that includes the engagement ring -- even if she says no -- and the wedding ring. Same with your formalwear, wedding dress and bridesmaids' dresses."

By buying an engagement ring, which averaged $5,400 last year, couples are already putting a nearly 20% nonrefundable deposit down on their ceremony. Add on the average costs of a wedding gown ($1,099), groom's attire ($216), bridesmaids dresses ($139 a pop for an average of four bridesmaids) and groomsmen's gear ($146 apiece for an average of four groomsmen), and that $7,855 couples are forfeiting is already nearly 30% of the wedding's cost. That doesn't even factor in the average $784 and $572 that wedding research company The Wedding Report says couples spent on bride and groom wedding bands, respectively, in the first half of 2011.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs