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Weddings are notoriously expensive, with the current median cost hovering around $10,000 according to SoFi’s most recent data. Some couples will spend multiples of that amount.

But it’s not all about the dollars and cents: Weddings are also an important and romantic day in a couple’s life. Who foots the bill for this party has changed over the years. Below, learn who pays for which wedding expenses in 2025 and beyond — and who traditionally paid in previous generations.

Who Pays for the Wedding in 2025?

In the past, it’s been the tradition for the bride’s family to pay for nearly the entire wedding, and the groom’s family to pick up smaller expenses such as the rehearsal dinner. In some cases, families still follow these traditions, but increasingly people are embracing new ways of covering these costs.

Nowadays, wedding expenses can be split any number of ways, and couples are exploring many different ways to pay for their big day:

•   Independent couples may decline help from parents and instead pay out of pocket or borrow money to cover the wedding costs.

•   Both families and the bride and groom may decide to split the costs. Sometimes grandparents or other extended family members will offer to pay for a portion of the wedding.

•   If the groom comes from a wealthier family, his parents may chip in beyond their traditional requirements.

•   Since the legalization of same-sex marriage in the United States, LGBTQ+ couples are creating their own traditions.

That’s the beauty of your wedding day: It’s yours. Many brides and grooms are embracing the fact that they no longer have to follow outdated customs if they don’t want to.

For others, however, tradition matters — and that’s okay, too. If you’re planning to follow cultural traditions when funding your wedding, how do you split the bill?

Here’s a breakdown of who traditionally pays for the wedding and other related expenses.

The Bride’s Family

Historically, the bride’s family pays for most of the wedding expenses. Depending on the size and extravagance of the wedding, it can add up.

If you’re the parents of the bride who plan to foot the bill, but you don’t have enough money in savings, it might be worth taking out a personal loan to cover the wedding expenses. In the long run, it’s typically a cheaper option than putting everything on a credit card.

While the bride’s family traditionally takes care of many of the wedding expenses they don’t pay for everything. And every wedding is a little different. You may choose to skip certain items or events (and you may find yourself adding, too). Here’s what the bride’s family typically covers:

Expenses the Bride’s Family Is Traditionally Responsible For

•   Engagement announcements

•   Engagement party

•   Wedding planner

•   Invitations, save-the-dates, and wedding programs

•   Venue for the ceremony

•   Venue for the reception

•   Flowers and decorations

•   Wedding photographer and videographer

•   Wedding dress

•   Transportation and lodging for the bridesmaids

•   Transportation and lodging for the officiant

•   Food at the reception

•   Wedding cake

•   Brunch the morning after the wedding

Recommended: Personal Loans for Wedding Financing

The Groom’s Family

If you have only sons and think you’re off the hook, don’t get too excited. You still have to cover some costs at the wedding as the parents of the groom.

Though less extensive, the groom’s family’s financial burdens can add up. Personal loans are also an option for the groom’s family; in fact, weddings are one of the most common uses for personal loans.

Here’s everything the groom’s family traditionally pays for at a wedding.

Expenses the Groom’s Family Is Traditionally Responsible For

•   Rehearsal dinner

•   Marriage license

•   Officiant’s fee

•   Boutonnieres for the groom, his groomsmen, and family members

•   Bouquets for the bride and bridesmaids

•   DJ or band

•   Transportation and lodging for the groomsmen

•   Alcohol at the reception

•   Honeymoon (in some cases)

The Bride

Many women have dreamed of their wedding days since childhood. But as little girls, they probably didn’t think much about the actual wedding costs they’d have to pay themselves — and there are quite a few.

Expenses the Bride Is Traditionally Responsible For

Traditionally, the bride pays for her future husband’s wedding ring, as well as a special gift for him. She may also buy gifts for her bridesmaids. In some cases, she’ll pay for the flowers, and she usually pays for her own hair and makeup.

Nowadays, however, brides may step up and pay more to help out her parents. Many brides choose to do this in part so that they can feel like they have more say in determining the plans for their special day.

People are also getting married later than they did in past generations (the average age for women is now 28 and for a man it’s 30), which means brides (and grooms) may feel more financially capable of covering the expenses themselves.

The Groom

The groom isn’t off the hook either. At weddings, he’s responsible for a few purchases as well.

And even though he and the bride may have separate wedding responsibilities, as a newly married couple they are likely planning to combine their finances, if they haven’t already. Even if they don’t have a joint bank account, the bride and groom are essentially covering their wedding expenses together.

Recommended: Personal Loan Calculator

Expenses the Groom Is Traditionally Responsible For

The first big expense a groom encounters is the one that sets the whole wedding in motion: the engagement ring. The average cost of an engagement ring is now about $5,200, according to the wedding website The Knot. Grooms who don’t have that kind of cash lying around often turn to engagement ring financing options, including personal loans.

While the ring is often the groom’s biggest expense, he’s also responsible for the bride’s wedding band, gifts for his groomsmen, a gift for his bride, his own tux, and the honeymoon — if his parents aren’t footing the bill. (The average cost of a honeymoon is now $5,300.)

Some grooms may also pay for the license and officiant, instead of asking his parents to cover that cost.

Who Pays for Other Wedding Costs

There is also the cost of being in someone’s wedding. For instance, groomsmen and bridesmaids are typically responsible for paying for their own tuxedos and dresses.

These two groups also pay for the bachelorette and bachelor parties for the bride and groom. Bridesmaids may also need to pay for their hair and makeup on the big day.

As someone attending a wedding, you should give a gift, unless the couple has discouraged this. And if it’s a destination wedding, you’ll have to pay your own travel costs, which can include hotels and transportation.

Wedding Costs

Now we know who traditionally pays for what at weddings — and that many modern couples are foregoing these traditions. But how much does a wedding cost?

Currently, the median cost of a wedding is $10,000, according to a recent SoFi survey. For couples who are paying without their families’ help, a personal loan is the best route, if they don’t have the money in savings or have that money earmarked for buying a house or starting a family.

Are you considering taking out a loan to cover the cost of your wedding? Research the typical personal loan requirements you’ll need for approval.

The Takeaway

Weddings are expensive, and traditions usually put the bulk of the financial burden on the bride’s family. However, many couples are breaking from tradition nowadays, paying for wedding expenses themselves or splitting the cost among family members more evenly — or in a way that reflects each family’s means. However you choose to divide the cost, ways to pay for a wedding can include savings, family contributions, and personal loans.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

FAQs

Who pays for the wedding reception?

Traditionally, the bride’s family pays for most of the wedding reception, including the venue, food, and decorations. However, the groom’s family usually pitches in by covering the music and the alcohol. Increasingly, couples are choosing to pay for their wedding receptions themselves or splitting the cost with their parents.

Who pays for the engagement party?

The bride’s family is traditionally responsible for paying for the engagement party. Nowadays, however, engaged couples often pay for such parties on their own.

How much does a wedding cost?

The median cost of a wedding is currently around $10,000, but the average price tag can be a multiple of that, reflecting the impact of high-priced weddings on the data.

Photo credit: iStock/Halfpoint

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SOPL-Q425-003

If you have an interest in both art and technology as well as a knack for creating distinctive visual designs, you might consider a career as a graphic designer. On average, graphic designers make $68,610 a year on average in the U.S., according to the U.S. Bureau of Labor Statistics.

How much money a graphic designer makes, however, can vary widely depending on their education, experience, job location, and industry. But with a little career savvy, you can fulfill your creative passions without having to be a starving artist.

What Are Graphic Designers?

Graphic designers create visuals to bring ideas to life. They can render their projects by hand or by using design software. Graphic designers may get paid by the hour or earn a yearly salary working for a company.

Here’s a look at some of the duties you might have as a graphic designer.

•   Designing visual marketing materials: This may include creating brand logos, websites, brochures, advertisements, packaging, and other promotional materials.

•   Targeting an audience: Graphic designers must research and understand their target audience so their product can successfully communicate a client’s message.

•   Creating and editing images: This can include both illustrations and photographs.

•   Choosing colors, layout design, and typography: A graphic designer’s mission is to deliver a product that is effective and eye-catching.

•   Staying current: Designers need to be up-to-date with the latest design software and trends.

•   Maintaining deadlines: Graphic designers often need to juggle multiple projects while meeting strict deadlines.

Working as a graphic designer is generally not a job for introverted people. While you may do a fair amount of solo design work, you’ll likely be asked to collaborate with copy editors and marketing teams, meet with clients, and present designs to co-workers and clients for feedback.

Recommended: Best Low-Stress Jobs for Introverts With Anxiety

How Much Do Starting Graphic Designers Make a Year?

While most entry-level graphic designers won’t initially get paid $100,000 a year, it is a position that requires a specific skill set, so you’re likely to earn more than the minimum wage. The average entry level graphic designer salary in the U.S. is $55,951 as of October 29, 2025, but the range typically falls between $41,500 and $65,000, according to ZipRecruiter.

💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.

What is the Average Salary for a Graphic Designer?

On average, graphic designers make anywhere from $37,600 to $103,030, with the average falling at $68,610.

How much you can earn as a graphic designer ultimately depends on how much experience you have and what particular design niche you choose. For example, a lead graphic designer makes $91,161 per year on average, according to ZipRecruiter, while a user interface (UI) designer salary averages $100,548.

While working as a graphic designer is not one of the highest-paying jobs in the U.S., people with an interest in both technology and art can find this career deeply fulfilling. The job also provides the opportunity to continually tackle new projects, keeping the work fresh and challenging.

Recommended: What Is a Good Entry-Level Salary?

What is the Average Salary for a Graphic Designer?

Geographic location can influence how much money a graphic designer can make in the U.S. Here’s a look at the average graphic designer salary by state.

Source: U.S. Bureau of Labor Statistics

Recommended: Is a $100,000 Salary Good?

Graphic Designer Job Considerations for Pay and Benefits

Within the field of graphic design, there are a number of specialty areas you might consider. Here’s a look at some of the most common types of graphic designers.

•   Web designers specialize in creating functional and visually appealing layouts, while ensuring the design elements are user-friendly.

•   User experience (UX) designers craft the user experience of mobile apps, websites, and other products.

•   User interface (UI) designers focus on the visual, interactive elements of apps, websites, and electronic devices to create aesthetically-pleasing interfaces.

•   Illustrators create visual designs for ad campaigns, magazines, books, and other media. Some may specialize in medical illustrations or children’s books.

•   Print designers come up with images and logos for brochures, business cards, and packaging materials.

•   Identity and branding designers create visual identities for companies and products.

•   Environmental graphic designers create visual designs for physical spaces, including museums, stores, and public spaces.

•   Motion graphic designers can work on animation and moving graphics for TV and movie title sequences, how-to videos, and more.

Degree requirements: To earn competitive pay, most aspiring graphic designers will need to obtain a bachelor’s degree from an accredited graphic design program. You may also need some additional technical training to meet hiring qualifications for the positions listed above.

Job benefits for a salaried graphic designer can include:

•   Health insurance

•   Dental insurance

•   Vision insurance

•   Vacation/sick leave

•   Retirement plan

💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Being a Graphic Designer

Every job has its pluses and minuses. Here a look at some of the advantages and disadvantages of being a graphic designer.

Pros of Being a Graphic Designer

•   Creative fulfillment: Graphic designers get to stretch their artistic muscles by developing captivating visuals for their clients.

•   Good work-life balance: Salaried graphic designers typically work nine-to-five hours. Many have the opportunity to work from home.

•   Freelancing options: If you get tired of working in the same place with the same people, you can choose to freelance. Graphic design is a job you can do almost anywhere at any time.

•   Being part of a team: You’ll likely collaborate with design teams, clients, and marketing professionals.

•   Career longevity: As long as you stay current and on top of your game, you can work as a graphic designer at any age. You could even potentially pick up freelance work as a retiree.

Cons of Being a Graphic Designer

•   Sedentary lifestyle: Being a graphic designer doesn’t require the physical demands of a trade job. You’ll spend a lot of time behind a computer monitor.

•   Solitary work stints: While it’s true you’ll have chances to work with a creative team, much of your hour-to-hour creating happens alone.

•   Stressful deadlines: Even though office hours are typically nine to five, advertising campaigns and projects have hard deadlines you’ll be expected to meet.

•   Difficult clients: Clients may be critical of what you come up with, or they may constantly change their minds.

•   Limited advancement opportunities: Graphic designers tend to stay in their lane. However, you could be moved into a managerial position, and there is still the potential for pay raises every year.

The Takeaway

If you crave expressing yourself as a visual artist, working as a graphic designer can pay you an average of $68,610 a year for doing what you love.

Being a graphic designer also allows you to work in an energetic, collaborative atmosphere, while reaping creative and financial rewards.

Whatever career path you ultimately choose, you’ll want to make sure your potential earnings can cover your everyday living expenses. Try creating a budget and check out financial tools that can help track your spending.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

FAQ

Can you make $100k a year as a graphic designer?

The average salary for a general graphic designer is $68,610 in the U.S. While it’s not impossible to make $100,000, you would have to be at the top of your skill set and acquire some specialized experience.

Do people like being a graphic designer?

For many people, graphic design is a stimulating and rewarding career. Individuals who enjoy working on innovative, visual projects and collaborating with creative teams will probably like being a graphic designer.

Is it hard to get hired as a graphic designer?

Landing a job as a general graphic designer can be competitive. You may find it easier to get hired if you have a particular design specialty, such as UX (user experience), UI (user interface), or product design.

Photo credit: iStock/Moyo Studio

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This content is provided for informational and educational purposes only and should not be construed as financial advice.

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SORL-Q425-043

Gearing up for a Master of Business Administration program involves a lot of prep, especially when it comes to taking the GMAT™ — the Graduate Management Admission Test. It’s a standardized test that assesses potential business school students.

The GMAT was created by the Graduate Management Admission Council (GMAC) and is now the most widely used assessment for graduate management admissions.

It’s available in approximately 114 countries, used by more than 2,400 universities and institutions worldwide, and was taken by more than 78,000 students in 2024.

The exam is important for prospective MBA students because it may carry a lot of weight in the application, with some experts estimating it accounts for up to 22% of admissions decisions.

Because of this, getting prepared for the GMAT is crucial to getting into an MBA program.

Important Facts About the GMAT

There are three sections in the GMAT: quantitative reasoning, verbal reasoning, and data insights. These sections consist of content relevant to today’s business opportunities and challenges.

The total score a student can receive for this exam will fall somewhere between 205 and 805, and it’s based on their performance on all three sections of the exam. Scores for each section are between 60 and 90, and each section is weighted equally.

The quantitative reasoning section measures mathematical ability, including algebra and arithmetic. There are 21 questions, and the answers to them rely on analysis and logic.

The verbal reasoning measures a student’s ability to read and comprehend material and to make and evaluate arguments. There are 23 questions in this section consisting of reading comprehension and critical reasoning.

The data insights section is new, and it measures student’s ability to interpret and analyze data and apply it to business scenarios. This section also measures digital and data literacy. There are 20 questions that may require math, verbal reasoning, data analysis, or all three of these skills.

Students’ unofficial scores will be displayed on-screen immediately after they finish the exam. They are not allowed to record or save their unofficial scores. An email with their official score will be sent to them.

A student’s GMAT score helps business schools evaluate how prepared they are for the rigors of MBA coursework. There is no set score that students must achieve to be accepted into a program, but students can figure out an estimate of how well they need to do by researching the average score accepted students got on their GMAT exam.

This can give prospective students a good idea of what score they should aim to receive to be considered for acceptance to a particular program.

Making a Study Plan

Making a GMAT study plan depends on when applications are due, which will differ by school.

It’s recommended that students take the exam at least three to four months before their application deadline. This will give students enough time to retake the test if necessary. The test can be taken up to five times within 12 months. There is now no limit on how many times a student can take the GMAT.

Once students know their application deadline, they can make a plan for when they want to take the exam. Exams are available year-round, and students can register to take it online at mba.com.

Each student will have to determine how much preparation is right for them, but usually, it’s recommended to spend three to six months preparing for the GMAT.

According to GMAC, the makers of the exam, the majority of test takers prep for at least 60 hours. Those who did so, scored 500 or higher on the test.

Studying more isn’t a guarantee of a high score, but it seems to help a majority of students find success. With this information, students can create a study plan that suits them and their timeline best.

Recommended: The Ultimate Guide to Studying in College

Study Tips for the GMAT

With 60 or more hours of preparation recommended, how can students best spend those hours?

Here are some tips on how to study for the GMAT that may help students make the best of their prep time.

Taking Practice Exams

Familiarity with the format of the test means there are few surprises. Students will be familiar with each section of the test, the order of the sections, and how the instructions are worded.

Studying the content is important, but so is knowing what to expect when test day comes.

The most effective way to use practice tests is to take one first and use it as a baseline so it’s easy to see where improvements need to be made and how much progress is being made after each consecutive practice test.

The GMAT takes two hours and 15 minutes. Each section is 45 minutes each, and there is one optional 10-minute break.

Taking practice exams is also a good way for students to learn how to pace themselves through each section of the test.

Recommended strategies are keeping a consistent pace throughout the entire exam, keeping in mind how many questions are in each section, and estimating how much time is allotted for each question.

•   The quantitative reasoning section includes 21 questions over 45 minutes.

•   The verbal reasoning section gives test takers 45 minutes for 23 questions.

•   The data reasoning section has 20 questions to be answered over 45 minutes.

Students may choose to use official GMAT exam prep packages, which vary in cost (one is free).

Hundreds of quantitative and verbal reasoning questions, as well as data reasoning questions can be accessed through these official packages.

Students can also purchase unofficial GMAT practice tests if they need more resources.

Tutoring and Peer Study Groups

For students who want extra help preparing for the GMAT, getting a private tutor, taking a prep course, or finding a study group may be options to consider.

A benefit to these strategies is the addition of regular feedback and accountability, which can help students stick to their GMAT study plan.

For students with a tighter budget, finding a GMAT support group and free practice exams may be more affordable routes.

Staying Healthy

Performing well during a stressful examination can be made easier by maintaining good physical and mental health. It’s recommended that students get plenty of rest in the days before the exam, as well as keep up a healthy diet.

Both rest and nutrition can impact physical wellbeing. Going into the GMAT in good physical condition can help students reduce stress and build confidence.

During practice tests, students can practice stress management techniques, which may make it easier to use them during the official test.

Test-taking anxiety is a common phenomenon, and each student may want to learn which coping techniques work best for them.

What About Finances?

Students who are considering an MBA program may be shocked when they see the high cost of tuition. According to the Education Data Initiative, the average cost of an MBA program is $62,820. However, this can range from $44,640 to over $71,000 depending on the school.

Options for decreasing the cost of earning an MBA may be getting a master’s degree online or getting financial aid to help cover the cost.

There are a few options when it comes to paying for graduate school.

Apply for Federal Financial Aid

Filling out the Free Application for Federal Student Aid (FAFSA®) as a graduate student means the aid is given based on the student’s income, not their parents’. This could help students receive more federal aid than they did as undergraduates.

After submitting the FAFSA, students will receive a FAFSA submission summary, which provides information about their federal student aid eligibility.

The schools to which a student has applied and been accepted will send a financial aid package offer letter, and the student can decide whether to accept or decline the offer.

Federal student financial aid can come in the form of work-study, grants, or loans. Grants usually don’t need to be repaid, but loans do. Graduate students are not eligible for subsidized student loans, only unsubsidized, so interest will start accruing as soon as the loan is disbursed.

Recommended: Private Student Loans vs Federal Student Loans

Work a Part- or Full-time Job

Another option may be working while getting an MBA, with some employers helping to pay for tuition. There are more part-time and online MBA options than there used to be, making it easier for students to work while finishing school.

Apply for Scholarships

Students can also apply for scholarships through the school they are attending, as well as from private or professional organizations. Scholarships usually vary in their eligibility requirements, and it’s recommended that students seek out and apply for all they may be eligible for.

Use Private Student Loans

Another option for funding an MBA program may be private student loans. Private student loans do not come with the same benefits and protections that federal loans do, like income-driven repayment plans and student loan forgiveness. The interest rates and repayment options vary by lender, so students are encouraged to do their research carefully before considering this option.

It’s also possible to refinance student loans in the future. With refinancing, borrowers exchange their loans for a new private loan, ideally one with a lower interest rate if they qualify. That could help save them money.

Keep in mind, though, that refinancing federal student loans means you’ll no longer be eligible for federal benefits, including income-driven repayment plans and student loan forgiveness. If you’re currently using or plan on using federal benefits, it’s not recommended to refinance your federal student loans.

The Takeaway

Taking the GMAT requires months of study and prep work. Learning about the structure of the exam and familiarizing oneself with the kinds of questions asked is key. Students can take practice exams and join study or tutoring groups to prepare.

Another important issue to consider is how to afford an MBA program. Students can apply for financial aid, work full- or part-time, or take out and/or refinance student loans.
Figuring out how to prepare for and pay for graduate school can feel overwhelming, but fortunately, help is available for both.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

FAQ

How long should I study for the GMAT?

It is recommended to study for three to six months for the GMAT. According to GMAC, the makers of the exam, students who studied for at least 60 hours scored 500 or higher on the exam. Creating a study plan and taking practice tests can help you prepare.

Is 600 a good GMAT score?

Yes, 600 is typically considered a pretty good GMAT score. The average score for all GMAT test takers is about 555. For the top 10 business schools, average scores range from 645 to 695; for the top 20 schools, scores range from 615 to 695.

When should I retake the GMAT?

You might consider retaking the GMAT if your score was below the average score of the schools you’d like to get into. You might also want to retake the test if your score was well below what you scored on practice tests. However, you must wait at least 16 days before retaking the GMAT.

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Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.