Wedding Economics and Planning a Wedding

Bride & Groom in sunlightMany people don’t really realize that for product and service providers weddings are a business. It is a business just like any other business is, be it a grocery store or a shoe manufacturing company. Also just like any other businesses, wedding businesses set their prices according to the laws of supply and demand.

Since the number of venues where you can have a wedding reception in a town is limited, your wedding date and wedding time can really affect the price, typically as much as 40% or even 50%. The price can significantly vary when it comes to everything wedding related, from catering to photography to hiring a DJ.

For example, in the United States, June and September are the most popular times to get married, which in business and economics terms means that more couples are competing for space and services during these months than during other times of the year.

Most couples also prefer to have receptions at night, which makes such receptions the most expensive. An evening reception is also typically more formal, which means more expensive everything, from attire to flowers and food. For all these reasons, a Saturday night wedding in June or September is going to be your most expensive option. If a date and a time of your wedding really matter to you, you can get married on a Saturday night in June and there’s nothing wrong with it.

However, if date and time are not on your list of priorities and you have a limited budget, there’s nothing wrong with having a wedding in October or March. February and December can also be pricey. Some couples may choose to get married around St. Valentine’s Day and in December you probably won’t be competing against other engaged couples, but corporations having parties will come into the picture.