We've heard just about every story relating to the cost of weddngs, from the cheapest, almost zero cost, do-it-yourself wedding, to the most extravagent celebrity affair. Here are a few of our favourites.
Celebrity Spendfest
The wedding of celebrations of David and Victoria Beckham are said to have cost in excess of £500,000, and they are not the only couple to splash out such huge sums on tying the knot. Hiring a medieval castle near Dublin and an eighteen piece orchestra were part of the extravagent plans. They had just 236 guests, so ended up forking out just over £2000 per person, but they were probably much better off financially than they before they started given two factors.
Firstly the gifts bought for them by their celebrity guests probably cost more than the £2000 they spent on them and after recouping a further £1million from OK! magazine for exclusive rights to the pictures, they must have come out of the whole affair with a tidy profit to pay for the honeymoon.
Average Wedding Costs
Some of the biggest weddings in the world are held in nations where family occasions still dominate priorities and there is pressure on couples to dedictate substantial resources to their special day. In the UK the cost of the average wedding has doubled in the last decade to around £20,000, a substantial sum when young people should really be saving for a deposit on a home at that time if they don't already have one.
For couples who have not been able to save for their wedding, the options are to scale down their wedding plans or take out a loan. As these couples are less likely to already own their own home, an unsecured loan is the common route, together with the restricted amounts and higher rates of interest that go with those loans. If, on the other hand the bride has a traditionally minded father who wants to pay for the wedding himself, then it could be the parents who end up taking a loan to pay for the celebrations. If you need a loan to pay for you wedding, then use our services to help you find the right deal. We can do all the shopping around for you using the multiple loan companies that work with us.
