WeddingWire India’s Budget tool is a useful tool for allotting money for various requirements, such as a wedding in India. The tool helps in calculating the average wedding cost, which ranges from ₹10 lakhs to ₹1 crore or more. The average wedding cost in India varies slightly for Hindu and non-Hindu marriages, with Hindu weddings costing between ₹15,00,000 and ₹25,000.
Alimony is financial support provided to a spouse after divorce, usually awarded by the husband. The process of registering a court marriage in India takes 30-60 days, with the registrar’s notice of intention requiring at least one party to be living in India for at least 30 days before applying to get married.
The Indian Marriage Certificate is required for registration, and the process can take months or even years. Arranged marriages in India are long-drawn processes, with finalizing the perfect match taking months or even years. To ensure a successful wedding, it is essential to prioritize goals and ensure transparency in finances.
Marriage loans are available to salaried individuals in India through a digital and paperless process, with flexible terms up to 84 months. Gifts received from relatives are not taxable, and any amount received is not taxable. A survey by Nikah Forever found that most respondents had an average budget of up to 100,000 Indian rupees for their wedding. A marriage license is required before marriage in court in India, which can be obtained by contacting your local circuit court or visiting their website.
Court marriages are increasingly popular in India, as they take the pressure off the couple and parents, saving money on wedding planning, venues, and decor. The cost of hiring a wedding planner can range from Rs 2 lakhs to Rs 6 lakhs, depending on the destination and multiple factors. An average middle-class wedding in India can cost between ₹5 lakhs to ₹20 lakhs or more, while a traditional wedding can cost 25 lakhs to 75 lakhs.
The average wedding budget in India can range from INR 8-10 lakhs, depending on the complexity of the wedding. Both men and women with less than Rs 4 lakh annual salary are considered least able to afford court marriages.
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What is the ideal salary to get married in India?
Rs 15 lakh to Rs 30 lakh per year (Rs 1.25 lakh to Rs 2.5 lakh per month). Men making between Rs 15 lakh and Rs 30 lakh a year are 130% more likely to get married than other men. For women, an annual salary between Rs 15 lakh to Rs 30 lakh makes them 27% more desired than other women. Also read: Wedding season 2023: Is it a good time to buy gold?
Rs 10 lakh to Rs 15 lakh per year (Rs 83,333 to Rs 1.25 lakh per month). Men with an annual salary of Rs 10 lakh to Rs 15 lakh are 62% more desired for marriage. For women, a yearly salary between Rs 10 lakh and Rs 15 lakh makes them only 15% more desired than other women. Rs 7 lakh to Rs 10 lakh per year (Rs 58,333 to Rs 83,333 per month). The study shows that men with an annual salary of Rs 7 lakh to Rs 10 lakh are only 7% more desired for marriage than other men. Women with an annual salary of Rs 7 lakh to Rs 10 lakh are also 7% more desired than other women.
How much does a luxury wedding cost in India?
Understanding the cost of a 5-star wedding in India. 5-star weddings are expensive. Expenses include venue, decorations, catering, entertainment, photography, etc. A 5-star wedding can cost between 3 million and several billion rupees. A 5-star wedding in India is a lavish celebration of love and union. A 5-star wedding promises an unforgettable experience. However, such a big wedding costs a lot of money. It’s important to know how much a 5-star wedding costs in India. In this blog, we will look at how to host a 5-star wedding in India and the costs involved. We’ll help you understand the costs of a 5-star wedding in India and wedding packages. 5-star weddings in India are a dream for many couples. They offer unparalleled elegance, top-notch services, and breathtaking venues. These weddings are grand and sophisticated, leaving guests with unforgettable memories. A 5-star wedding is an extraordinary event that reflects the couple’s style and taste. In lavish surroundings, friends and family celebrate love and union, creating cherished moments.
What is a normal wedding budget?
Wedding costs vary by guest count. The average cost in 2024 is:
Is $100 enough for a wedding?
If it’s a co-worker or a distant friend, TheKnot.com says guests should give at least $75-$100. If your guest is a relative or friend, the wedding website suggests $100-$125. A groom I spoke to was surprised by the amount of money he and his wife received as gifts. He didn’t say how much, but I know he wasn’t happy.
If it’s a co-worker or a distant friend, TheKnot.com says guests should give at least $75-$100. If your guest is a relative or friend, the wedding website suggests $100-$125. What kind of gift should you expect? Catey Hill, a financial expert at David’s Bridal, says it’s fine for guests to write a check. She says many brides and grooms prefer it. The average cash gift is around $150.
How much does a middle class Indian wedding cost in India?
The average wedding budget for middle-class Indians is Rs 15-25 lakhs. 60% of women plan to pay for it themselves. Report. For those who plan to self-fund their weddings, 41.2% will use savings, 26.1% will take out a personal loan, and 27.7% are undecided. 42% of millennials plan to pay for their wedding themselves. A new report says that 60% of surveyed millennial women will self-fund their weddings. IndiaLends recently released a report on wedding spending. The report shows how millennials are changing the way they plan their weddings.
What is the minimum budget for marriage in India?
Wedding costs depend on what the couple and their families choose for their big day. A simple temple wedding with few guests costs about 5 lakhs, while a big Indian wedding in a palace can cost millions. Knowing what both families want for their wedding helps you figure out how much it will cost. First, find out who is paying for the wedding. In India, the bride’s family usually pays for most of the wedding. But things have changed. These days, it’s common for both families to split the bill, or for the couple to pay for the wedding themselves. Whoever is paying needs to be ready with the money in advance and have a little extra for emergencies. The main cost of a wedding is feeding and hosting guests. First, you need to know how many guests will attend your wedding and how many events you’ll have.
How much does a luxury wedding in India cost?
Understanding the cost of a 5-star wedding in India. 5-star weddings are expensive. Expenses include venue, decorations, catering, entertainment, photography, etc. A 5-star wedding can cost between 3 million and several billion rupees. A 5-star wedding in India is a lavish celebration of love and union. A 5-star wedding promises an unforgettable experience. However, such a big wedding costs a lot of money. It’s important to know how much a 5-star wedding costs in India. In this blog, we will look at how to host a 5-star wedding in India and the costs involved. We’ll help you understand the costs of a 5-star wedding in India and wedding packages. 5-star weddings in India are a dream for many couples. They offer unparalleled elegance, top-notch services, and breathtaking venues. These weddings are grand and sophisticated, leaving guests with unforgettable memories. A 5-star wedding is an extraordinary event that reflects the couple’s style and taste. In lavish surroundings, friends and family celebrate love and union, creating cherished moments.
Is 10 lakh enough for wedding in India?
You can still explore amazing Indian locations on a budget of less than 10 lakhs. These destinations offer beauty, charm, and affordability. In this article, we will highlight nine Indian locations where you can have a destination wedding for under 10 lakhs. Here is a list of the most popular wedding destinations in India.
What is the budget of middle class marriage in India?
The average wedding budget for middle-class Indians is Rs 15-25 lakhs. Most women plan to pay for it themselves. Report. For those who plan to self-fund their weddings, 41.2% will use savings, 26.1% will take out a loan, and 27.7% are undecided. 42% of millennials plan to pay for their wedding themselves. A new report says that 60% of surveyed millennial women will self-fund their weddings. IndiaLends recently released a report on wedding spending. The report shows how millennials are changing the way they plan their weddings.
How much does a typical Indian wedding cost?
Indian weddings in North America cost between $75,000 and $150,000. This is a lot of money for couples who are just starting out. Even if couples have money for their wedding, do they need to have a big wedding to please everyone?
1. Cut the guest list. Guest list – Cutting the guest list is one of the easiest and most difficult ways to cut Indian wedding costs. Indian Sikh or Hindu weddings have multiple events, and costs can add up when you invite a big guest list. Reception costs for Indian weddings for food and an open bar can be $65 to $150. The cost per guest can add up quickly, depending on the number of guests and the venue.
How much should I save before marriage in India?
You should have enough for a year without income. Double your monthly expenses. Also, save for a car, honeymoon, and another holiday.
How much money should I have to get married?
Saving for the wedding. Open a savings account as soon as you get engaged. Put money in it for your wedding and other costs. Most financial experts say you should save at least 10% of your combined income each month. If you’re saving for a wedding, you can save more to make regular contributions and save for the big day. You may want to save for a honeymoon or a down payment on a house, even if you’ll have help paying for the wedding. Have a financial date night. Don’t wait for problems to talk about money. Have a healthy, ongoing discussion. Set aside time each month to talk about money and your goals as a couple.
Conclusion. To sum up, any debt, savings, or other financial concerns should be handled. Before getting engaged, have an honest money talk with your future husband. This will help you be happy together financially.
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My two cents Looks like there are other hidden expenses on marriage and kids if one is looking it only financial terms Marriage : -If partner is having a job or job potential, it’s an additional income. It’s really good -You got an extended family to look after(especially on festivals & medical) -Lifestyle changes, eg from 1bhk to 2bhk, Bus, to bike then to car etc -Travel, eating out, vacation all are multiplied by 2 Kids: -Education in metro cities are reaching 2lk per academic year -Birthdays, party, vacation -Medical & Insurance But if one invest in ‘quality time’,’ understanding /support’ and ‘love’ than financial matters in a family, the financial goals are easy to achieve and in return family will give back joy, love and reasoning for life.
In my opinion, making education a costly commodity doesn’t bode well on a society level and I predict millennials will start a backlash on the system that is making education a luxury good and hopefully we see a crash in fees charged by so called education institutes who has turned it into pure business.
Hi Akshat, Thanks a lot for this article. This is the most needed one to let our Indian parents know that getting married and having kids is not based on the age but based on the financials. Huge pressure is created on both boys and girls in the name of marriage and having kids. Parents get played by the society. The above article helps in planning a lot before taking these life framing decisions. Once again hearty thanks from the bottom of my heart.
Hi Akshat, Thanks for the article. That’s quite an important, relative & important milestone. Lot of students fall into the debt trap due to uninformed decision. The interest component shown in the calculation for higher education seems inaccurate( 45 lakh loan with 9% interest rate and 8 years tenure) would have around approx. 18 lakh as interest amount distributed across 8 years and not 4 lakh as shown in the article(Same is noticed for other assumptions as well). Rest kudos to the topic selected . Good luck keep making useful content for creating awareness.
Point to note is if you planning to go for mba full time with leaving old job behind, the salary difference (25-10=15 lacs in his example) which you make a shift post mba should consider that you lost earning for 2 years. Also the additional burden that eventually will lose is peace of mind of repaying the emi regularly
I studied physiotherapy from a government college in india for less than 1.5 lakh rupess total for the full 4 years. After a few years I immigrated to Canada and after clearing my licensing exam started earning $50cad/hr. Around 60Lakhs a year. No emi for my education fees as it was very low anyway. I also have a kid Zayd 5 years now but had no medical expenses as healthcare is free in india, no expenses from my side as we get $400cad a month for his expenses until he is 18 y.o. After that he can enroll for a university in Canada at 50-65% lower fees than international students and he will get a very low interest loan for the full amount from the government. He will pay it monthly which will not amount to more than 5% of his monthly salary. Life is good and blessed 🤞
Akshat, Please do a series of articles showcasing how an average retail investor can look for companies with clean accounting, how they set up succession of senior roles, analyze P/L statement and noticing discrepencies and other info to understand fundamentally strong companies that can compund our wealth.
I have been married for 18 years and divorced recently. Let me tell anyone who is recently married or thinking of getting married, success of marriage is based on understanding what is responsibility- it is NOT based on love. Today most people are greedy and have very short attention spans, females typically get bored very fast and they always have options to choose from. Most couples usually get bored of each other in 2-4 years, start hating each other in 7-10 years. Most people have extra marital affairs, females will engage in false accusations, your parents life and your life will be utterly destroyed for 1-2 years till divorce is granted. I had no idea things were like this, after my friends came to know I got divorced they started asking me how to go about getting a divorce, around 70% of my friends are having marital problems and are considering divorce but are afraid since they don’t know the law at all. I would not recommend men to get married in today’s social conditions. It is really not a matter of money, it is a matter of mental peace, life and death.
Dont get married, dont buy a house, dont buy a car, homeschool your child…stop living your life, just keep on investing until death. But dont forget to like and subscribe to my finance website that asks you to invest your hard-earned money into scams like vauld and golden pi risky bonds, while I keep on churning money through ill advice with the tagline “Trying to put content that my 1-year old son- Zayn- would be proud to watch :)” oh the irony! Your audience has put you on a pedestal, more than a million people follow you. Hope your INSEAD education allows you the heart to atleast be true to your website description!!!
Impressive, I realized that the secret to making a million is saving for a better investment.. I always tell myself you don’t need that new Aston Marti or that vacation in Hawaii just yet and that mindset helps me make more money investing. For example last year I invested 100 grand in blue chip stocks (with the help of my advisor of course) and made 450k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million. Hoping to get to 2 In 6 months time..
Hi Akshat, Thank you so much for such detailed articles always, absolutely love your content. Your articles have become part of my daily routine. It would be great if you can make a article on doing MBA from Europe, Canada, and Singapore and top colleges you can choose if you want to make your future in Finance oriented roles.
If everyone starts saving money crazily like Akshat, then many business will crumble. You can live like Akshat only if your wife supports it. Many men including me also wanna save hell lot of money. But our wives will never allow it. It is not about who we are. What we are married to defines our financial status.
I screwed up my career by taking engineering and now being in IT when i should’ve studied Arts. But i am proud that i have made a good decisions of remaining a bachelor. I have peace and simplicity in my life. My wants are less and i am hoping to retire by 40 (i am 36 now). I plan to pursue my passion full time after that.
As always, an interesting topic Akshat. But none of the estimates seem relatable to me. I mean no one from the middle class that I know of would spend 25L, 50L in a wedding. They simply can’t. I guess I should not put myself in the middle class category anymore. In future, while explaining case studies like this, please provide earning potential also, so that people will get a clear idea.
Thnx for this article, can you make a detailed article about higher education. In sense a complete guidance, right from which age it is the best to pursue, what are various banks that offer education loan, how can a person in his 20s plan financially, so that he can reduce the loan principal…. Thanks in advance akshat!!!
Hello Akshat I am Latha. Its really inspiring to see the range of topics you talk about so confidently. I wish i got such advice 20 years ago, i am making my 18 year old daughter follow your articles so that she doesn’t loose out on valuable life lessons, especially with finances. Let me come to the point Having been an editor and thereafter a teacher for almost 15 years, can’t help but notice the subtitles (not only in this article) have a lot of spelling errors. Examples from today’s article: garage (kharcha), 1.5 cross (crores), Rs 45 (Rs 45 lakh), NBA (MBA), Rs 49 (Rs 49 lakh), $51,000 (Rs 51,000), 25 black rupees (25 lakh), Amani (Ambani) two car (crore) rupee, purpose (corpus) twice, em eyes (EMIs), both (boast)…. Keep up the good work. Good night.
In 2018 i took a home.loan of rs 25 lac.. paid it with in two years with help of family.. in dec 2020 i paid off it completely and when we calculated we paid only 27 lac..only 2 lac intrst.. n m nt mba..just working in it firm that to bcom .in cloud.. these mba btech degrees are just a waste.. get a normal graduation degree from a govt college.. do certification
@akshat I feel your EMI calculation is wrong, please double check I think 25 lkz loan with 6 years Tenure it will come Total Payment (Principal + Interest) ₹33,34,651 with 10% Interest Rate EMI around ₹46,315 As per your calculation we just need to pay 2.75 lk for interest in 6 years, ( do you think it’s normal ? )
I really dont know how such whooping numbers come up!! Im doing engineering from a very costly college but still it is not more than 20 lacs. Integrated management courses like one provided by iim Indore is just 30 lacs. You can be a pilot in less than 30-35 lacs and these courses are the most expensive courses in india, then how is 50 lacs coming up??? If someone going abroad, they will anyways take up loans so that should not be considered. And i believe everyone fund their masters themselves. If you are depending on parents for post graduate, then there is something wrong with you
I am a well established guy near age 40. I was rejected by many girls as they all wanted to be “working women” ! Me, on the otherside always prefer ladies who are like 1980s. Unfortunately those girls are extinct. What we have today are people rushing for rat race, ladies who are more masculine and extremely abusive and rough speaking ! The whole world is becoming like a bunch of monkeys. Now, I suffer extreme depression, the day my old mom will not be here I would have no purpose of life. And I am pissed off with IT culture even after working 15 years almost and earning good. At least, the better side of not getting successful in relationship/marriage is I can live in my own terms with limited money and can decide when to end it.