This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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!

5 Wedding Planning Details You're Overlooking

Stocks in this article: XOXO

NEW YORK ( MainStreet) -- The engagement ring is on, the date's been set, the venue is selected and now you think you're ready to have a wedding. You're so not.

Just because a couple has decided to share one of the most important moments of their lives with a few dozen or hundred friends doesn't mean they've become professional event planners. In many cases, they're just fortunate to get through the whole experience with finances and sanity intact.

Do you really want an open bar at your wedding? The decision is among the minutiae that can cost brides and grooms a lot of money and much of their sanity.

Couples responding to TheKnot.com (XOXO - Get Report) and WeddingChannel.com's Real Wedding Survey last year spent an average of nearly $27,000 on their wedding ceremonies, receptions, engagement rings, attire and everything else surrounding the big day. Of those, 42% went over budget and 16% dodged that disappointment by not setting a budget at all.

"The biggest mistake that every couple makes when they first get engaged is making purchases without having a really solid budget," says Anja Winikka, site editor for TheKnot.com. "Then they're shocked to find out that they've spent all their money and don't have enough for half the things they need. You have to be open and honest about your budget at the beginning of the process."

The unfortunate reality of every wedding day is that problems and unpleasant surprises have a way of cropping up no matter how much you try to beat them back. Even brides who dodge the reality TV drama of shows such as TLC's Say Yes To The Dress and pick out their gowns without grief can experience heart palpitations when they see the final price tag. Brides paid an average of $1,099 for their wedding gowns alone in 2010 -- the last year for which complete data were available -- but accessories for that dress tacked on another $254. Kim Forrest, editor of WeddingWire, warns brides that dress alterations can drive the price up even further.

"Brides often focus on the amount their actual wedding gown costs, but they don't always factor in the alterations, which can tack on hundreds of dollars to a gown's final tab," she says. "Sometimes, if a bride purchases a relatively inexpensive gown at a sample sale, the cost of the alterations can come close to or exceed the price of the dress."

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

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