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The Rising Costs of Tying the Knot

Calculating the rising costs of tying the knot
Global inflation is increasing the cost of everything, including the costs of getting married.

There have been some major global shifts in recent years. From the spread of the novel coronavirus to the impact that lockdown measures had on international economies, a plethora of problems have caused the future to remain uncertain in many areas. This is especially true of the wedding industry. If you plan on getting married in the near future, you’ll be surprised to learn that the already expensive process has become even more taxing. With rising costs of tying the knot, review these points and gain some insight into which services cost more than before and how to budget for what’s ahead. 

The Surprising Price of Outdoor Events

After the first few waves of COVID-19, people began to adjust to the new restrictions that came with the virus. Since indoor gatherings were outright prohibited in many places, engaged couples compensated by hosting outdoor receptions. This led to an increase in the need for heaters, tents, and other equipment used for outdoor events. To offset costs for this equipment, vendors are now charging more for outdoor weddings. While it was once thought to be the more cost-effective choice, outdoor events can now cost a small fortune.

If you have your heart set on being married surrounded by nature’s beauty, you should know the costs. Experts predict that the costs will continue to rise for the foreseeable future. This is especially true with how often global supply chains are being disrupted. 

The Challenge of Renting

In the past, couples were able to save money on their events by renting anything from flatware to chairs to photo booths. This convenience was not only easier on the budget, but it was also more practical. Unfortunately, this is another area that has fallen prey to inflation. With supplies limited in many regions, couples are finding that vendors do not have enough products available at any given time. This means that it is becoming increasingly difficult to rent many of the items that modern weddings rely on.

Since purchasing certain things for your event can be wildly damaging to your finances, it is best to consider alternatives in advance. Having a handful of options can help you find a cost-effective solution when your first choice doesn’t pan out. 

The Expense of Labor

Though it has been incorrectly dubbed a “labor shortage” by the media, it is true that many industries are seeing a decline in staffing. The spread of COVID-19 made many people aware of how little compensation businesses offer their employees, leading to countless people switching career paths. The service industry, which notoriously pays workers low wages, has taken the biggest hit. Though restaurants are the most vocal about this struggle, catering companies are no exception to the issue. This means that you’ll likely be paying more when it comes to the food portion of your budget. 

The Major Delays

Most people buy what they need on the internet. While this was true before the madness of 2020, it has become even more accurate in recent times. Unfortunately, the expediency consumers have come to expect from online shopping is no longer what it once was. Again, supply-chain setbacks have caused major hiccups with both distribution and shipping of goods. If you’re ordering anything for your wedding on the internet, give yourself a huge window for the products to arrive. In some cases, you might need several months for a vendor to have items back in stock.

Getting married has always been expensive. Now, couples are discovering rising costs for tying the knot in the wake of COVID-19. As long as you don’t mind finding alternatives and making last-minute adjustments to your plans, you should have no trouble rolling with these shifts and putting together a perfect wedding.

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