The Today Show website reported that about 67 million Americans plan to attend at least one wedding this year, more if you're younger. With the typical wedding now costing the bride, groom and their families about $30,000, guests are forking over a lot more, too—approximately 75-percent more than what wedding guests were spending just two years ago, mainly because of the rising popularity of destination weddings.
Kelley Long, a CPA/PFS and member of the AICPA National CPA Financial Literacy Commission, offered consumers advice on how to save money as a wedding guest including sharing a hotel room with other guests and using reward points for rooms, as well as flying, to save money.
"Everyone's having to travel more for these weddings," says Kelley Long of the National CPA Financial Literacy Commission. "They're getting more and more extravagant"
Long was interviewed alongside CNBC’s personal finance reporter, Kelli Grant. Both Long and Grant suggested you start planning and putting money aside as soon as you hear a couple is engaged.