Tips for a wonderful -- and frugal -- wedding

Aug. 31, 2012 at 11:29 AM ET

An average American wedding costs $27,021. Just stop and let that sentence sink in.

That's crazy! The economy is hurting, as are many young couples who are tying the knot. Why spend that much money when there are so many easy way to save some money?

A growing number of couples are trying to do things differently. By using some creativity and thinking out the box, couples are now finding ways to cut those high costs without making the wedding feel cheap or cheesy.

Now some companies are cashing into this market and are offering wedding products or services at a fraction of the cost to consumers.

Here are a few tips:

  • Most important of all: Make a budget ... and stick to it!
  • Trim your guest list.
  • Look for local deals.
  • Pick the right day of the week and time of day.