Wedding Day Costs

January 15th, 2008 | Loans, General

Having just read an article on weddings as research for a friends upcoming big day, I was shocked to learn that the average cost of a wedding nowadays is £17,000.

In actual fact the simple act of getting married is actually very cheap, less than £300 depending on which venue you are getting married in. It seems it’s all the additional stuff that adds up to the thousands.

Further research tells me that wedding loans seem to be the way that most people go about financing their perfect wedding day.

So where does this additional £16,700 go to? Many people want their Wedding Day to be the perfect day and this generally includes the beautiful wedding dress, wedding rings, wedding flowers and a wedding cake along with wedding photos so you can view your perfect, but expensive day, over and over again in the years to come.

How can people afford to get married? It’s hard enough saving for a holiday or a deposit for your very first home together. It seems the best way to pay such large amounts of money is to break it up and pay it off over a few years at a reasonable rate. Instead of spending years engaged and slowly saving up, a wedding loan seems the perfect way to have your wedding cake and eat it.

Even people with bad credit can get wedding loans to cover their wedding day and honeymoon costs. Borrowing for your wedding costs is a valid way of funding a wedding, but it is always sensible to stick to a budget and not overspend, as this will only involve starting your first years together with a crippling debt. And always shop around and compare to ensure the best wedding loan for your personal circumstances.