Setting a wedding budget is one of the most important parts of planning – but before you can figure out how much you can afford to pay for your big day (the average cost of a wedding in the U.S. is $26,000 in case you were curious), you’ll need to decide who pays for the wedding.
Of course, there’s the old-school, traditional way of doing things. More than 50 percent of millennial couples will have a majority of their wedding paid for by their parents. However nowadays, there are actually lots of ways to divvy things up. Many couples pay for everything themselves. Some families split things up more equally, or perhaps one family contributes and another chooses not to. If you’re a same-sex couple, paying for the wedding won’t be divided along gender lines, so couples and their families need to devise their own budget plan (60 percent of same-sex couples pay for a majority of their wedding, but are receiving financial help from friends and family more than in years past). But in the end, it’s really up to you to decide what works best for you and your families.