Marriage is back in fashion
Unless you are very wealthy, or have an Irish Mammy who insisted you marry well, most people need a long-term financial plan to cover the cost of their wedding.
An average wedding these days costs around £17,000, with the most expensive items making up this sum including £6,000 for the reception, £3,000 on a honeymoon, £2,000 for engagement and wedding rings and £2,000 for wedding outfits.
Whilst the traditional view has always been for the bride’s family to pay for the vast majority of the wedding, this is now only the case for around 15% of weddings, with both parents usually contributing, in addition to the couple getting married.
The average age of couples getting married has increased to 29 for women and 31 for men, meaning that more couples are in a better financial situation to be able to cover the cost of their own wedding rather than relying on parental contribution.
So, what should be the happiest day of your life can also end up being the most expensive, with couples starting off married life in debt, paying off their wedding for years to come.
With marriage back in fashion, setting an expensive trend, make sure you put money away to cover your big day, and hope that you only end up doing it once!
