The latest American Express Spending and Saving Tracker Survey found 30 percent of adults will be attending one or more weddings this year. That means one or more occasions for celebrating and spending.
Wedding guests are planning to spend an average of $539 per wedding–that’s up 59 percent from last year.
A majority of out of pocket costs will go towards travel, attire, and of course, a gift. But there are a few things you can do to cut down on the cost of being a guest.
Consider driving to the destination, rather than flying. It may cost you more time but could save you some cash.
If you have friends of family in the area, skip the hotel and crash on a couch.
When travel busts your budget, don’t be afraid to give a less-expensive or possibly even homemade gift.
Keep in mind, you don’t have to give a gift right away. The etiquette experts at Emily Post say while before or on the big day is best, late is better than never. Others, including TheKnot.com, say it’s ok to send a gift up to a year later.
And don’t be afraid to say no. If attending a wedding is going to be too much of a financial burden, just send a thoughtful gift along with your regrets.