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5 Shocking Financial Truths About The Wedding Industry financial diet

by Langsongshipin123



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In this episode, Chelsea reveals some uncomfortable financial truths about the wedding industry, from how much we spend to attend weddings to the waste caused by each individual wedding.

See also  Chapter # 3 Financial Statements, Cash Flows and Taxes I Accounts & Finance World financial accounting chapter 3

Script written by Bree Rody:

Vendor markups:

Cost of attending a wedding:

Wedding insurance costs:

Pandemic wedding losses:

Wedding waste:

Little things add up:

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42 comments

Eliza Clayton 14/09/2021 - 1:03 AM

To the haters who are complaining about Chelsea’s salty sarcastic personality and video style… go away. No one cares about your opinions. We are here for Chelsea 🤌

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J M 14/09/2021 - 1:03 AM

Sought this video out after watching your sit down with Jamie Wolfer. I agree with every word you said in this video (although I had a 30 person wedding for under $10K…)

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JazzBerry 14/09/2021 - 1:03 AM

Asked for no gifts bc you have class?! You shouldnt have a wedding if you cant afford an open bar?! You're being really elitist and classist. Just because people dont have the money to purchase household things for themselves and accept gifts or dont spend a ton of money on an open bar does NOT make them less worthy of getting married.

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bbygrlpt2 14/09/2021 - 1:03 AM

Its seriously a waste of everything. I was bridesmaid to my bf and she picked our dresses which were 400 each and professional makeup/hair, airbnb, transport, take two days off frok work, night out before her wedding etc. Her hubby ended up cheatin on her less than a yr later while she was preg.

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Denise Boertje 14/09/2021 - 1:03 AM

Ways to cut wedding costs:
Have a cake that is two tiers of real cake on top of how many faux tiers you want, and serve from the kitchen a sheet cake for $20 from Costco. A 5 tier cake can range between $500 to $1500

Instead of a bar, pass a signature cocktail, or a glass of wine. Then wine with dinner, poured by staff. A friend had an open bar that ran up a tab of $6000 in the 45 min cocktail hour!

Order flowers in bulk from Costco, Trader Joe’s, or online. Get friends to copy designs from Pinterest, or design their own. If there’s a floral school or classes at a local trade school, they’ll often make centerpieces for a nominal charge that goes to scholarships. Still way less than a huge florist bill.

Serve food buffet style instead of a full service sit down meal. I went to a wedding that had a seafood buffet station, then 5 or 6 sides, and 3 main dishes, including carved prime rib. Cost was around $35/person. If it had been a chicken dinner served sit down, it would have cost $50/person at the same venue.

Pick a venue that includes tables, chairs, dishes if possible. Having to rent the space, then all the furnishings can end up costing a fortune. Also, check if it’s cheaper to buy or rent table linens. One wedding had rented table cloths ($20 ea) and napkins ($4 ea) , while another bought linens second hand from someone else’s wedding in a shade that wasn’t exactly perfect, but looked fine, for $100 total. And no one noticed the 2nd hand linens weren’t “robin’s egg blue” but baby blue.
Get your gown at a thrift store. Many bridal manufacturers donate older styles to thrift shops. I’ve seen designer gowns for sale for under $100, and also on eBay or Facebook marketplace. It’s completely crazy to buy a dress you’ll wear one day that costs more than your entire wardrobe.

That’s just what I’ve seen work over the years, and continues to work.😁

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This Guy Ariq 14/09/2021 - 1:03 AM

You really need to do factually research she it comes to this topic. This video is completely ridiculous and a lot of the “tips” you’re giving and things you’re implying are horrible! Salty vibes for sure 🤮

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Katie Gietzen 14/09/2021 - 1:03 AM

Rent your dress if you can find a place that will do that! Definitely one of the best cost/waste saving choices I made.

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Annie LaRoche 14/09/2021 - 1:03 AM

The amount of privilege in this video is painful

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Jeremy C 14/09/2021 - 1:03 AM

By all means, try to make good decisions about waste and environmental impact, but for real, a typical restaurant is throwing out way more garbage every night than your once-in-a-lifetime wedding is producing.

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Aki nmytua 14/09/2021 - 1:03 AM

This morning I put on my wedding prep dress (the dress I wore before I put on my wedding dress so I could help with set up but also so I only had to put tights on once). I bought a bridesmaid dress in white for my wedding dress. From that, you can tell I am pretty frugal. My wedding still cost $5,000+. It was all food and drinks.

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kittenswithbows 14/09/2021 - 1:03 AM

I think lying to vendors is asking for trouble.
But I agree that having a cash bar is tacky AF.

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Anna St. Clair 14/09/2021 - 1:03 AM

What you ask your guests to spend should be comparable to what you are providing. If you are going to a wedding and getting free drinks, dinner, then yes, your gift should be at least $100. If it’s buffet style and cash bar then no need to spend on the gift. And yes be upfront with bridal party costs and commitments and give them the opportunity to say no.

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jenna mcna 14/09/2021 - 1:03 AM

get your boot off of grandma's neck 🔥

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Ricardo Soca 14/09/2021 - 1:03 AM

I agree with Chelsea on this one. Asking guests to pay for their own drinks is about as tacky as it gets. I would leave the wedding… and take my gift with me (bold, I know.) And also, there's no contradiction here. Chelsea's advice is to not overspend and to not get ripped off. Simply passing on the cost of overpriced items (e.g. drinks) to your guests does nothing to ensure that the vendor is charging a reasonable price for said items.

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Lindsey Prozanski 14/09/2021 - 1:03 AM

The way that you said things were not only out of line but also rude and I think you should rethink your channel content

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Ron 14/09/2021 - 1:03 AM

'GET YOUR BOOT OFF OF GRANDMA'S NECK'

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Moundfreek 14/09/2021 - 1:03 AM

My friend asked me to be her Maid of Honor through Skype and I was totally cool (and honored) with that.

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Bella DiMambro 14/09/2021 - 1:03 AM

Let me just come back to this video and say that your points here still stand, even if Jamie's fan base were a little butt hurt by it.

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Brittany Lamprecht 14/09/2021 - 1:03 AM

Loved the video Chelsea:) So true and straight to the point!!! Love your humor as well:)

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Yeahok Vid 14/09/2021 - 1:03 AM

this is a very American and very white and privileged take on weddings

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Yeahok Vid 14/09/2021 - 1:03 AM

i would be mortified if my friend paid me a stipend to be a part of her wedding lol

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Wong Samantha 14/09/2021 - 1:03 AM

I understand the value of a small wedding but culturally, at least some cultures, a wedding invitation is viewed as a gift/thank you for people who have been really important in your life for one reason or another, and regardless of cost some of those people would like to attend. It's not that they are required and declining the invitation is completely ok, but acknowledging them and how important they are is why some people have larger weddings. Just a thought.

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Becca Caswell 14/09/2021 - 1:03 AM

Thank you for posting this!

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Bernadette Yins 14/09/2021 - 1:03 AM

This video sheds more light about what a shit person you are than what a shit idea big weddings can be.

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Futurn RN Honey 14/09/2021 - 1:03 AM

I don't mind buying my family members an "expensive" gift. Maybe, it's cultural but we make sure we give the couple a gift worth our seat. Our goal is to help the couple recoup costs to start their life.

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jess robinson 14/09/2021 - 1:03 AM

Please watch Jamie wolfer!!!!! She clears up a LOT of the incorrect information shared in the video… 🥴🥴

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teaL in 14/09/2021 - 1:03 AM

I'm SO GLAD i watched this video before reading the comments! I (and all other sane subscribers) understand where Chelsea is coming from. This vid is useful, truthful & funny. To those who are offended: stop OVERREACTING. She's not making a blanket statement and you all know it. To the vendors: STOP OVERREACTING. Great for you if you don't over charge automatically on hearing "wedding" but many of your colleagues do 🙄 let's be real AND y'all know she was not referring to every product & service. So many of you being deliberately DENSE about this video while shamelessly promoting another channel in the comments. We can see you! If the cap doesn't fit, you all should not be offended! This video was great!

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Jaimee Rindy 14/09/2021 - 1:03 AM

One of the things I love about this channel is that you always include environmental anecdotes. I appreciate that you explain how consumerism not only hurts our wallets, but also our planet. It really puts into perspective how selfish we've become in the social media age.

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Cheyenne Harmon 14/09/2021 - 1:03 AM

Another thing, please do at least an open bar for soft drinks. Do you really expect your guests to eat a plate full of food with no drink? Fine you don’t want to pay for us to get drunk (I understand lol), but a soft drink should come along with a meal.

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Cheyenne Harmon 14/09/2021 - 1:03 AM

I’m sorry but as the bride and groom, they need to have affordable options for their registry. Too often, prices are well above $100, and that’s fine if you have a wealthy family, but as for friends and coworkers, please have $20-50 options.

And as for guests, stay to your budget. If you can’t afford the items on their registry, send them a gift card of your budget.

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Rooted Inland 14/09/2021 - 1:03 AM

A lot of salty comments on this one. What is it about weddings that makes people so touchy? The lying to vendors is straight up bad advice, yes, but the rest is pretty sound. I thought that our increasingly unsustainable economic model would make people more wary of unnecessary spending, but weddings seem to be the exception. It's quite interesting.

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emma aherne 14/09/2021 - 1:03 AM

In Ireland open bars are never a thing – most of the time you have free champagne/prosecco on arrival to the reception area and then wine with the meal but any drinks after that are on the guests. Then again most weddings in Ireland will last till the early hours of the morning with no actual end time and most guests just give a small cash gift the bride and groom

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Katy 14/09/2021 - 1:03 AM

You’re one of the rudest and most presumptuous people.
I saw this video on Jamie Wolfer’s channel. Who is heads and shoulders above you.
Reprehensible.

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Kittenz_90 14/09/2021 - 1:03 AM

11:30 yeah this comment blacklisted you from my YouTube feed. very bad taste.

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Laronda Ulrich 14/09/2021 - 1:03 AM

I always thought the wedding industry was just a big scam but reading some of the comments and outrage to this video makes me think the wedding industry is more like a cult. There are some true believers that really believe it is worth the extra money and act like it is a sacred cow. I don't understand why people take it so seriously but it is probably impossible to convert most. Anyways, it is refreshing to read the stories about low-key weddings and elopements. Cheers to that!

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Hailey Hotfelter 14/09/2021 - 1:03 AM

I agree with most of your advice and videos, but as a photographer myself, I just want to say that PLEASE DO NOT lie to your photographer and vendors about the type of event that you are holding. Many vendors have it in their contracts that they can walk out and leave if you misrepresent the kind of situation you are asking them to work.

There is SO MUCH MORE work that goes into planning schedules, going over shot lists, dealing with other vendors, doing location tours ahead of the day, specialty gear rentals for getting certain shots for a wedding that you wouldn't do for just a family birthday party, extra time spent on post-processing, additional liability insurance coverage to shoot at the venues, and the added stress of dealing with wedding clients who often demand perfection because it is their big day. This is just a quick overview of some of the factors that make wedding pricing more expensive.

There are many ways that you can save money on a wedding, but please don't try and trick people. Most vendors are small business owners just trying to make a decent living and provide for their families, those of us who work in weddings do it for the love of making someone's big day extra special. There are many reasons that wedding pricing is often higher, even if you don't see them all upfront.

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Victoria Lee 14/09/2021 - 1:03 AM

I didn’t want gifts but I was overruled BY MY GUESTS. Keep in mind in some cultures want to give gifts. Don’t say that “you have taste” just because you did something different.

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D.R. 14/09/2021 - 1:03 AM

If you are trying to act edgy and cool with all the sarcastic undertones… It's not working. You come off as judgemental and makes it look like you think your "advice" is the be all end all for financial advice for a wedding. "We said no gifts, because we have taste" lmfao what? No you don't have taste, you know what else you don't have? Class. Gifts doesn't necessarily mean buying a blender from a registry, it can be giving whatever money you can to a honeymoon fund, or a donation to the couples charity of choice. By simultaneously throwing the idea of not asking for gifts and also stating that a wedding SHOULD have an open bar and a cash bar is considered to be a detriment to a couple's future is some of the worst "advice" or opinions I've ever heard. And you're supposed to be a professional? You are part of the problem why so many couples feel pressure about their weddings. From one end, people get bombarded with Instagram worthy pics about lavish trendy weddings and from the other end, there's people like you saying don't do any of that frivolous shit.. save your money, but also, if you go the budget route and throw a cheap wedding and I'm at your wedding.. I will judge you and talk about your relationship on YouTube. You come off as incredibly rude in this video.

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Samara 14/09/2021 - 1:03 AM

You do realise other cultures and religious groups have weddings where there’s no drinking right… poor taste of a joke which sounded more like a sweeping generalisation of all weddings

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Sarah Oswald 14/09/2021 - 1:03 AM

Please watch Jamie Wolfer‘s comments on these tips, she actually knows what she’s talking about and does not look down on others like Chelsea here.

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Laura Cracknell 14/09/2021 - 1:03 AM

I’m in the process of planning my wedding, and your telling me I shouldn’t throw one unless I have an open bar… I don’t want to pay for people getting drunk on my pretty penny. 🙄

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Sidnie McGraw 14/09/2021 - 1:03 AM

" because we have taste" excuse the hell outta me? How condescending can you be?

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