Weddings in Singapore can be a costly affair, easily costing anywhere between S$14,000 to S$54,000, if not more. Not only that, wedding banquet prices alone have already increased by more than 50% between the years 2011 and 2017. If you are planning to exchange wedding vows soon, how long should you have to save in order to afford the banquet you’ve always wanted?

How Long Couples Have to Save for Their Wedding

According to our calculation, an average couple in Singapore could expect to save for about 1 to 3 years for their wedding if they were to fully pay for it on their own. For example, an average Singaporean earns S$3,500 per month after from CPF contribution. To save the S$14,000 to S$53,000 required for the wedding, then the couple would have to save 20% of their income for about 1 to 2 years. Given this, it …