Cancelling large wedding for a micro-wedding??

My FH and I booked at a gorgeous venue- it’s all inclusive with the food and whatnot, and I thought it would be easier to plan because I wouldn’t have to worry about too many vendors. This place is expensive (in my opinion, I’m sure not in others!) and has a minimum spending requirement. I’ve been planning, booked two other vendors aside from the venue, and was looking at all the wedding stuff and realized- I don’t think I want this anymore.


I wanted a large wedding so bad whenever we first got engaged. But now when I think about it all- 30 grand On a wedding is a lot! And we could do so many other things with this money that we are struggling to save! Our wedding isn’t until November 2022 but I want to cancel the large wedding and elope or have a micro-wedding. I just feel like we’ll regret a large wedding that we will spend at least 25k on (venue itself is 20k for 120 people). The issue is that our families gave us $6500 for the deposit for the venue that we won’t get back if we cancel. And I know that will stir some stuff up if we cancel and waste that money.
My FH and I are super conflicted so I wanted to explain our super long story on here and get any advice we can- serious, any advice is welcomed, even if it’s brutally honest. We can take it!!