How Much Does a Wedding Cost in Singapore?

Planning a wedding in Singapore can be a significant financial undertaking. On average, couples can expect to spend between S$30,000 and S$50,000, with more extravagant celebrations reaching up to S$100,000. Here, we'll break down the main components of a wedding and their associated costs to help you better budget for your big day.

Average Cost of a Wedding in Singapore

Wedding Banquets

The wedding banquet is typically the most expensive part of a wedding in Singapore. Depending on the venue and the number of tables, costs can vary significantly. Here is a selection of venues and their costs for 2024:

Banquets typically cost more on weekends and peak seasons. Consider having a lunch reception or choosing a weekday for potential savings

Bridal Packages

Bridal packages, which include gown and suit rental, makeup, hairstyling, and photography, cost between S$3,000 and S$6,000. Opting for an à la carte selection of vendors may increase costs but allows for more personalized services.

Wedding Rings

Wedding bands range from S$2,000 to S$6,000 per pair, depending on materials and design. Custom-made rings may offer a unique touch but come at a higher cost.

Honeymoon

A honeymoon typically costs between S$5,000 and S$8,000. Exotic destinations and luxury accommodations can push this figure higher, while closer or more budget-friendly locations can help reduce expenses.

Money Saving Tips

1. Choose Off-Peak Dates: Opt for weekday or lunch receptions to save on venue costs.

2. Simplify Decor: Focus on essential decorations and consider DIY projects to cut costs.

3. Credit Card Deals: Use credit cards that offer rebates and deals for wedding-related expenses.

4. Bundle Services: Look for vendors offering package deals for photography, videography, and makeup to get better rates.

5. Online Shopping: Consider purchasing wedding attire and accessories online from reputable sites to avoid retail markups.

Integrating Wedding Costs into Your Financial Plan with TallRock Capital

Planning a wedding is a significant milestone, not just emotionally but financially. At TallRock Capital, we understand that a wedding is just one part of your larger financial journey. Integrating wedding expenses into your financial plan can help ensure that you start your married life on a solid financial foundation.

Why Consider Financial Planning for Your Wedding?

1. Budget Management: Effective financial planning helps you set and stick to a budget, preventing overspending and debt accumulation.

2. Future Goals: Incorporating wedding costs into your financial plan ensures that you can still achieve other financial goals, such as buying a home or saving for retirement.

3. Emergency Funds: Having a well-rounded financial plan includes maintaining an emergency fund, so unexpected expenses do not derail your financial stability.

4. Investment Opportunities: Consider the long-term benefits of saving and investing wisely even while planning for significant short-term expenses like a wedding.

How TallRock Capital Can Help

• Personalized Financial Plans: We tailor financial plans to your unique needs, including major life events like weddings.

• Investment Advice: Our expert financial advisers provide guidance on how to invest your money smartly to grow your wealth over time.

• Debt Management: We offer strategies to manage and reduce debt, ensuring financial stability post-wedding.

• Savings Strategies: Learn effective ways to save for both your wedding and future financial goals.

Weddings in Singapore can be a lavish affair, but with careful planning and budgeting, you can manage costs effectively. At TallRock Capital, we are here to help you integrate these significant expenses into your broader financial plan, ensuring that your journey into married life is as smooth and financially secure as possible. Whether opting for a simple, intimate ceremony or an elaborate celebration, understanding and preparing for the various expenses involved will help ensure your big day is as stress-free as possible.