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Can You Afford Your Dream Wedding?
With the cost of the average U.S. wedding in excess of $25,000, good financial planning could mean the difference between smart affordability and months of debt. No matter how high (or low) the final... price tag, it’s wise to understand your financing options, and to make informed decisions around how best to pay.Times have changed. Once simple affairs (the average nuptials in 1945 cost only $2,240), weddings have become more elaborate over time. By 1990, the average bill rose to $15,200. Costs peaked in 2007 at $28,730. Modern couples need sophisticated payment strategies since the traditional financiers (the parents of the bride) have become less able to pay for high-priced affairs. Today, most couples use several financial instruments to manage, save, and pay for, their weddings.
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