The Big Fat Indian Wedding Decoded | Ep. 44

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Sharan Hegde

Devanshi Patel
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In today's episode, we have Devanshi Patel, a luxury wedding planner, founder of Shreem Events. We discuss all about how much Indians invest in a wedding and what differentiates a middle class wedding to an Ultra HNI wedding!

In this video, we uncover:
💸 Why Pre-planning a Wedding is the Best Decision
📊 The Right Wedding Budget and Bifurcation
💡 Financial Insights on Indian Weddings
👰🏽‍♀️ Wedding Planning Advice for Couples
🚀Rise of Wedding Planning as a Career
📈 Wedding fund planning using our Goal SIP Calculator

This video is packed with priceless insights. Dive in now and share your thoughts in the comments below. Let's spark a conversation that breaks barriers! 💬👇🏻

Disclaimer: This video is for educational purposes only. 📚

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Timeline

[0:00] Highlight
[1:11] How much is a Luxury Wedding Worth?
[2:57] Demand During Auspicious Days
[05:28] The Right Wedding Budget according to Devanshi
[06:20] India vs Abroad - Wedding Mentality
[07:36] Budgeting a Destination Wedding
[13:00] Cost of Celebrity Guests at a Wedding
[17:48] Advice for a Cost-effective Big Fat Wedding
[22:40] Wedding Planner as a career
[23:50] Rise of Food and Experience Rates in India
[31:11] Effect of Luxury Weddings on Regular People
[31:50] Calculating Your Investment Plan for Your Dream Wedding

Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of 1% Club, India's biggest finance community which helps people achieve financial independence.

#financewithsharan #finance #sharanhegde

[roopab]

I don't think even middle class people able to send 70L for marriage..the range mentioned in vedio is for rich people

[parthjain]

My family can spend 50 lakh on wedding, But I'll do court marriage
And travel the world with that money

[abhishek]

My marriage expenses from Groom side in 2022 was 30 lakhs. Here's the breakdown.
Gold Jewellery - 10 lakhs (200gm) dhared between both of us.
Clothes for her - 1.5 Lakhs
Wedding Hall - 2 lakhs
Decoration - 1.5 lakhs
Catering - 5 lakhs
Photography and Videography- 2 lakhs incl pre wedding
Makeup and traditional decoration - 1 lakh
Return gifts - 2 lakhs
Misc 1-1.5 lakhs.

That's little bit overkill for middle-class wedding as well.

How did she mention 70 lakhs for middle class ? For 70 lakhs, we buy 2 plots 25km from City center for future purpose.

[jayk]

I got a court marriage done at Rs 1500 and me and my wife are extremely happy and we are laughing out loud while viewing this stupi video 😊😂

[hnsrules]

The definition of middle class these days is being exaggerated.! Spending 70 lakhs on a wedding? That's absurd.! A budget of 20 lakhs, shared by both the bride's and groom's families, can still make for a grand wedding in a Tier 2 city.

Note: Middle-class families often have a habit of purchasing gold for their daughter or son. Considering this, they might additionally purchase gold worth around 5 lakh during their marriage.

Now, after having an extravagant show-off wedding, who can guarantee that the couple will have a great married life? Marriage can happen in a registrar's office with just a mangalsutra, and even then, there’s no assurance that the couple will live happily ever after.

Instead, why not save that money to travel, invest in a healthier lifestyle for themselves, and secure a better future for their kids?

[krastogi]

Calculations are absurd.
150 rooms for 2 days = 300 nights.
1 Cr means 30k/night. You can easily get 5 stars at around 15k-20k/night.
Booking entire hotel should be cheaper

[RS-irpe]

Direct correlation between expenditure on wedding to Alimony on divorce😂😂😂😂

[anishjain]

12:38 I can arrange the whole Gang of dhool wala in 5000 with their A-level performance.

[JuhiChaudhary-dr]

This is not at all relatable. Becoz this is talking on the basis of luxury wedding not a middle class wedding . Which should be ideal

[prashamgoel]

As someone who is planning a wedding in family, this is literally of NO help.
The figures quoted here are exaggerated and wrong.
She suggested 60 lakhs for food and drink for 300 people.
Later she only suggested minimum 4k per meal.
All this will only comes to 60 lakh, the drinks are minimum 20-30 lakhs. This is just to suggest that her own figures were inconsistent.
Now to anyone who is feeling poor, after watching this. She is talking about may be 0.1% of the wedding thats happening in india. The budget she is quoting, is apparently not of wedding but of just the celebration.
Upper middle class to high class families get married with 2-4cr budget which has gold also included.
And in celebration, its all about how much money you wanna put.
There is no end to it.
Get yourself involved, talk to few people and put some of your own creativity.
Nothing will beat your own creativity.

[karishmasharma]

Wtf is she preaching? To impress that "Fufaji" who doesn't give a damn. Podcasts like this are setting unrealistic expectations for a common man. How mean can people be to brainwash an entire generation to believe that this shit is important? Seriously! Horrible! This word "average" is so misleading.

[mak]

For god sake stop calling people spending over 25-30 lakh on wedding a middle class. They are rich period.

[akshaytonge]

Sharan after seeing this: Court marriage is the best 😂

[vidzhere]

The budget for a wedding is, what you can comfortably spend without feeling stressed out. I have seen several Americans, just book a boat for a day & perform the wedding, some even exchange wows in public parks & some some spend $30, 000 on a dress. The essence is, our primary responsibility is to ensure ours & our parents health, happiness & well being.

[pooja]

One of first Sharan’s podcast where he intervened lesser. Because he was busy doing calculations for his own wedding in his head.
He was bowled over when he heard minimum 10 crore. But as soon as she mentioned 3 crore he is like ahh okay now we are talking

[rademansentertainment]

Omg talk. Less in india 60 pecent population is below middle class .. they can afford 20 lakh So make video on that

[deepful]

34:08 Sharan is really smart in calling guests and taking consultations for free 😅

Now that's my boy... Keep it up bro 😊😊😊😊😊😊😊😊😊😊😊😊😊

[gavinremedios]

We spent 2.5lakhs in 2014. Location: Just a small bungalow in Bandra.
Guest list: 125 people
Payed for it myself and enjoyed every minute of it!

[raman]

Got married in lock down in home in front of just family under a budget of 50k (both sides included 😅) Lock down saved us!

[jaswanthmedepalli]

Sharan never makes us bored during conversation 😊