You see your phone light up from the corner of your eye. You check it. Chris or Katie has invited you to their bachelor or bachelorette party.
While you might feel excited to celebrate your friend getting married, you know bachelor and bachelorette parties are not cheap. Not for the people getting married and not for the attendees.
And if you are in your late 20s and early 30s? You could be attending a few parties and weddings per year which will make a huge dent in your bank balance.
Use this guide so you know how much to save for each bachelorette or bachelor party.
DIY Bachelor and Bachelorette Parties
There are different types of bachelor and bachelorette parties. On the lower-cost end of the scale, the bachelor or bachelorette may like the idea of throwing a party that is local and casual. This is a dinner followed by a night on the town situation.
In this case, the maid of honor or best man will often help plan the event. They will organize venues, decorations, bachelor party games, and any accessories. You may have to pitch in and pay for some bits and bobs, but not always and it is not a huge expense.
For these types of bachelor and bachelorette parties, you can expect to pay for:
The average cost of this type of party is around $350. It might be a little pricier if you get mani-pedis (bachelor parties can have mani-pedis too!) in the afternoon, but not by much.
Bachelor and Bachelorette Party Weekends
A growing trend is the bachelor and bachelorette weekend trips. These are celebrations where the bride or groom takes around eight to 12 friends on an overnight stay somewhere instead of a one-day party.
The average cost of these bachelorette and bachelor weekend trips depends on how far away the destination is. If it is more local, the average is around $650. But if you have to take a flight, the average is more like $1,000.
Here are some of the things you can expect to pay for:
The total cost also depends on the activities. Extra activities could include spa appointments, paintball fights, wine tasting, you name it! These bump up the cost by a considerable amount.
Average Bachelor and Bachelorette Party Costs
Since overnight stays are the norm, the average cost of a bachelorette party is around $700. And for a bachelor party, it is around $1,000.
Bachelor parties tend to be more expensive as there are often fewer guests to split the costs of hotel rooms, etc.
This is no small sum of money! So even if you are attending two parties (and weddings) a year, it adds up.
This Is What Bachelor and Bachelorette Parties Cost
Bachelor and bachelorette parties are meant to be fun. Plan way in advance and start saving as soon as you learn of the engagement.
That way, you will not have the financial stress and you can concentrate on celebrating the happy couple!
Browse our other finance articles for more tips and advice.