For me, the wedding is something I'm doing for myself as much as for the guests. I'm really looking forward to sharing that day with my closest friends and family, so spending money on it is something I want to do.
That said, I'm being sensible about where my money goes. I'm not going ga-ga over favors because no one needs another knick-knack. I'm not fretting flowers because our location has lovely honeysuckle and jasmine vines that will be in aromatic
bloom. My guests don't care whether they're eating off china or Chinet... but I do want the food to be good. And that's more or less how I'm setting my priorities.
Also in my case, our honeymoon may/probably will be delayed anyway, so it's not like we don't have more time to save. ;-)