Considering A Loan For Your Wedding?: A Good Or Bad Idea?
It’s not exactly news that weddings are expensive things to organise – but still, it’s good to put a few hard figures on the cost to give some all-important perspective. According to research by the Hitched website, the average wedding in the UK cost £18,400 in 2022, which was 6% up on the figure for 2021, and more than double the amount spent during the COVID-affected 2020. So, you can see that after a period when many people weren’t exactly spending a huge amount on their weddings, those costs have crept up again. This is to be expected, during a time of rampant inflation combined with couples wishing to hold in-person nuptials again. If, then, you are set to tie the knot, we can well understand you carefully poring over all the costs, and considering how you can both save and add a bit more to your wedding budget. With that in mind, you may have heard that a lot of couples have taken out wedding loans in recent years to help pay every penny incurred ...