15/03/2017 2:16 PM IST | Updated 15/03/2017 3:31 PM IST

Band, Baaja, Financial Barbaadi

The solution is renting rather than buying.

The amount it costs to have a big Indian wedding... gosh! It's no less than what director Karan Johar would spend in making a significant part of one of his blockbusters, and at least he has a big ROI to look forward to. So, is it worth it to spend so much of a wedding? When you think of the rising divorce rates, it's difficult to not feel a prickle of anxiety. Indeed, that money could be spent saving the marriage by going on a luxurious romantic holiday or two. There really is very little to justify draining multiple bank accounts for the sake of two or three days of festivities. As lifestyle journalist Monica Rawal noted in an article, "Big Fat Indian Weddings—What A Waste":

"How on this earth can lavish and luxurious weddings please some not-so-important relatives or ensure that the newly wedded couple would enjoy marital bliss? I think it would be better if families and couples channelize their energies in making the wedding a fun occasion rather than going mad and being a part of a rat race of the Big Fat Indian wedding."

So, what's the solution? While you may not want to break the bank, you may also feel dejected at the prospect of having a plain and simple wedding—you may have long dreamed of a grand celebration to be remembered for years later. Fortunately, there's a way you can save bucks and still have an eye-popping wedding: rent, don't buy.

Do you really need to waste money on things instead of experiences?

Companies like "Rent a Closet" and "Flyrobe" let you get by with "something borrowed" for your special days. RentMojo's #PriyaWedsSofa campaign also caught the public's imagination with its message to focus on experiences rather than objects. Couples often end up spending a lot on furniture and "end up getting married to [it] for years," said Geetansh Bamania, CEO and Founder RentMojo. Making a case for renting, he added, "Couples these days see ownership as something which ties them down and therefore, they value experiences more than buying essentials. They are looking at living a life which is commitment-free and enables easy and hassle-free mobility."

Supporting the concept of renting instead of buying, Supreme Court Advocate Ajay Veer Singh Jain, said, "Renting out is a practical solution. Most of things that the couple buys for their marriage are never used again. They remain trophies for life. These trophies could be super expensive clothes, jewellery, furniture, etc. In today's lifestyle no one moves around with this kind of baggage. Rather, they dump it at the family house with their parents. It is a good idea to rent all the expensive stuff and get rid of them after use. This would actually solve the problem of settlement at the time of breakups as well!"

So, if you are planning to get married this season, just think again and evaluate—do you really need to waste money on things instead of experiences?