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Tying the knot after 30? Get out your checkbook

There is a growing trend among 30-somethings to cover the costs of their weddings themselves.

By MSN Money Partner Apr 17, 2014 12:42PM

This post comes from Krystal Steinmetz at partner site Money Talks News


Money Talks News on MSN MoneyThe days of the bride's parents footing the bill for a lavish wedding are on their way out.


Bridesmaids © FEV Create Inc, Getty Images

Nearly 25 percent of weddings are paid for by the bride and groom alone, Reuters said. If the couple is over age 30, that number increases to 30 percent, according to David Wood, president of the Association of Bridal Consultants.


Just 10 years ago, only about 15 percent of couples covered the costs of their wedding. And back in the '70s, people married much younger and it was widely expected that the bride's parents would pick up the cost.


Martha Stewart Weddings also makes note of the change:

Today, most people believe the couple should pay for their own wedding, especially if they have lived on their own for some time. Of course, parents often want to pitch in.

Reuters said there are a few factors to consider when deciding who will pay for the wedding:

  • Control. If you want to have total control over the day, it likely makes sense to pay for the wedding yourself.
  • Budget. It goes without saying that you are more likely to be able to pay for your wedding on your own if you keep the budget small.
  • Finances. Who can afford to pay for the wedding? If your parents are retired and living on a fixed income, it may make sense for you to pay for the big day on your own.
  • Multiple weddings. Chances are, if this is your second or third marriage, your parents probably won't have much interest in paying for the wedding. Been there, done that.

My husband and I married in 2006. I was 27 and he was 28. We were both working full time (though I earned $10 an hour as a graphic designer, so I wasn't contributing much). But between a mortgage payment, student loans and all of our other expenses, footing the bill ourselves for a wedding would have been a stretch.


Nor was it expected by our parents, who very graciously split the cost of our wedding right down the middle. I cut costs everywhere I could, so in the end we enjoyed our special day without breaking the bank.


My brother, 33, and my sister-in-law, 36, were married in 2013. They covered the cost of nearly the entire wedding by themselves, with a little assistance from both sets of parents.


Are you married? How did you pay for your wedding?


More from Money Talks News

3Comments
Apr 17, 2014 9:36PM
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We paid every penny of the wedding ourselves, with no help from parents, despite the fact that we fit the description of couples who married young back in the old days.  It never occurred to us that our parents owed us a wedding, and we both went to work and put ourselves through school as well.
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Pretty funny.  Our wedding cost $56: $16 for the license, $40 to the judge.  Our two friends that came along as witnesses took us out to dinner afterward, so that may or may not count.  No honeymoon--new hubby had to go back to work the next day.  His mom couldn't afford to help out, and my parents refused to pay anything because they didn't like him.  BTW, we are still married 33 years later. 
Apr 17, 2014 6:31PM
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If you absolutely think you have to get married, then plan a cheap wedding and basic honeymoon, because you're gonna need a truck-load of money for your impending, eventual divorce.
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