Devuthani The wedding season has started in Ekadashi. Weddings in India are nothing short of a festival. Every year, around a million people get married.
According to a report by domestic brokerage firm Prabhudas Lilladher, around 35 lakh weddings will take place in India between November and mid-December, on which it is estimated that Rs 4.25 lakh crore will be spent.
It is important to set a budget for the wedding. Not doing so can sometimes cost more or less.
In such a situation, if you are also planning your wedding, plan it in advance. With this, you will be able to manage things properly and will not have to bear heavy expenses.
So, today, in the news of need, we will talk about how to prepare in advance for marriage? You will also learn that-
How to budget smartly for a wedding? How to avoid unnecessary expenses during a wedding?
Expert: Ayush Kapoor, wedding planner, Prayagraj
Question: How much do people spend on weddings in India?
Answer – The wedding season in the country is no less than any festival. Today, the trend of many types of programs is increasing in wedding ceremonies. Festivals like engagement, mehendi, wedding and reception are celebrated with great pomp and show. This is the reason why the trend of spending more on weddings is also increasing rapidly.
According to the report by global investment bank Jefferies, the Indian wedding industry market in India has reached around Rs 12.7 lakh crore, which has become the second largest industry after food and grocery . It is likely to expand in the coming years. On an average, each family in the country spends around Rs 12 lakh on a wedding.
This report shows that the Indian wedding industry market has overtaken the American wedding industry. However, it still lags behind the Chinese wedding market.
Understand this easily from some figures given in the graph below.
Question: What are the most spent things at Indian weddings?
Answer: The expenses associated with any wedding depend on many factors. This includes many things like number of guests, wedding location, and personal preferences. There is no set standard for the cost of a wedding.
Let’s start by understanding the elements that determine the total cost of your wedding. With this, you will be able to decide how and in what way to limit the wedding budget.
Question: How can we reduce wedding expenses?
Answer: Despite inflation, spending on weddings in middle-class Indian families is several times higher than the average budget. The cost of a wedding mainly depends on two things. First there are obligatory expenses and then auxiliary expenses.
There are some wedding expenses that you can’t avoid even if you want to. Such as venue, clothing, food, jewelry, decorations, wedding cards, photography or videography.
Apart from this, there are also support expenses, which are separate from the main wedding expenses. Such as bands, fireworks, guest list, gifts, makeup and hair items. All these things can be changed according to your needs.
Some points are given in the chart below, by adopting them you can avoid unnecessary wedding expenses.
Apart from this, some tips can be adopted to fix the wedding budget in percentage. With its help you will be able to limit your expenses. Understand this from the graph below.
Question: How can we reduce location and destination expenses?
Answer – Nowadays, a large portion of the total wedding budget is spent on venues. From small banquet halls to hotels to farms, all have different prices. The number of guests and events can increase expenses.
To reduce this expense, do not book hotels or farms on different days for each function. Instead, small wedding programs can be organized at home. This can reduce the total cost of the wedding.
Apart from this, the prices of venues and destinations increase significantly during the wedding season. So remember to book a few months in advance.
Question – How can we reduce decoration expenses?
Answer: There are many different programs for weddings. Decoration has great importance in each program. The wedding venue is decorated with colorful flowers from the entrance gate to the stage and pavilion. In Indian weddings, around 8-10% of the total cost is spent on decorations.
For this we can use artificial flowers instead of real flowers in some selected places because real flowers cost more.
Question: How to do smart wedding shopping?
Answer – You can save money by adopting a few smart shopping tips while shopping. For this, see the points given below-
You can buy some things online. You can get offers like discounts and cashbacks. To do this, keep an eye on sales on e-commerce sites. You can compare product prices on many e-commerce sites. buy in bulk If you want to buy something, buy it from a wholesaler or trader in town. You can get good discounts if you buy a lot at once.
related to marriage
Necessary news – Buying gold for the wedding is the most important: is it okay to give away old jewelry and make a new one?
Nowadays, purchasing and identifying real jewelry is a real challenge. If you also want to buy gold jewelry during this wedding season, it is important to keep certain things in mind. …