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Devuthani The wedding season has started from Ekadashi. Weddings in India are no less than a festival. Every year around one crore people get married.
According to a report by domestic brokerage firm Prabhudas Lilladher, about 35 lakh marriages will take place in India between this November and mid-December, in which Rs 4.25 lakh crore is estimated to be spent.
It is important to fix a budget for the wedding. Not doing so may cost more or less at times.
In such a situation, if you are also planning your wedding, then plan it in advance. With this you will be able to manage things properly and will not have to bear much burden of expenses.
So let’s go today news of need I will talk about how to prepare in advance for marriage? You will also learn that-
- How to make a smart budget for a wedding?
- How can we avoid unnecessary expenses in marriage?
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 a festival. Now 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 of global investment banking firm Jefferies, the market of Indian wedding industry in India has reached about Rs 12.7 lakh crore, which has become the second largest industry after food and grocery. It is likely to grow bigger in the coming years. On an average, every family in the country spends about Rs 12 lakh on a wedding.
This report shows that the market of Indian wedding industry has overtaken the wedding industry of America. However, it is still lagging behind China’s wedding market.
Understand this easily from some figures given in the graphic below.
Question- What are the things spent the most in Indian weddings?
answer- The expense of any wedding depends on many things. This includes many things like the number of guests, wedding venue and personal preferences. There is no set standard for how much a wedding will cost.
First let’s understand the things that determine the total cost of your wedding. With this you will be able to decide how and in what manner to limit the budget in the wedding.
Question- How can we reduce wedding expenses?
answer- Despite inflation, the expenditure on weddings in Indian middle-class families is many times more than the average budget. The cost of a wedding mainly depends on two things. First is mandatory expenditure and second is auxiliary expenditure.
There are some expenses in weddings which you cannot avoid even if you want to. Such as venue, clothing, food, jewellery, decorations, wedding cards, photography or videography.
Apart from this, there are also some supporting expenses, which are separate from the main expenses of the wedding. Such as band, fireworks, guest list, gifts, makeup and hair styling items. All these things can be changed as per your need.
Some points are given in the graphic below, by adopting which you can avoid unnecessary expenses of marriage.
Apart from this, some tips can be adopted to fix the wedding budget as per percentage. With its help you will be able to limit your expenses. Understand this from the graphic given below-
Question- How can we reduce venue and destination expenses?
answer- Nowadays, a large part of the total wedding budget is spent on venues. From small banquet halls, hotels to farmhouses, all have different prices. The number of guests and events in this can increase the expenditure manifold.
To reduce this expense, do not book hotels or farmhouses 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 manifold during the wedding season. Therefore, make advance booking a few months in advance.
Question- How can we reduce the expenditure on decoration?
answer- There are many different events at weddings. Decoration has great importance in every program. The wedding venue is decorated with colorful flowers from the entry gate to the stage and pavilion. In Indian weddings, about 8-10% of the total cost is spent on decorations.
For this, we can use artificial flowers instead of real flowers at some selected places because real flowers cost more.
Question- How can one do smart shopping for a wedding?
answer- You can save money by adopting some smart shopping tips while shopping. For this see the points given below-
- You can shop for some things online.
- This can provide offers like discounts and cashback.
- For this, keep an eye on the sales of e-commerce websites.
- You can compare the rates of goods on many e-commerce sites.
- Whatever purchases are to be made in bulk, buy them only from the wholesaler or trader in the city.
- You can get good discounts if you buy in bulk.
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