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WEDDING BILLS: Walking down the (reduced) aisle with David Emanuel

 

WEDDING BILLS: 61% of UK adults believe the couple should pay for their own wedding and 35% think less than three months of wages should be spent on the engagement ring. 

41% of women and 34% of men say they would sacrifice their hen and stag parties to pay for their ‘dream wedding’ whereas the average Brit thinks they must set aside £26,300 for their dream wedding. 

Traditionally in the UK, weddings are something we plan for years in advance with the expectation to spend thousands on. However, the last 18 months have been financially draining for many and so attitudes towards wedding expenses have shifted.

In fact, the majority (61%) of us think the couple to be should pay for their own wedding bills, while less than a quarter (23%) think we should stick to the tradition of the bride’s family paying, according to new research from savings platform, Raisin UK.

This is not the only attitude towards wedding expenses that has changed in recent years, with 35% believing the traditional amount of three months of wages being spent on an engagement ring, is just too much.

Nevertheless, a large proportion still believe a wedding dress is a necessity for the big day, with 31% of UK adults going as far to say it is the most important purchase.

On the other hand, we are willing to sacrifice a once-key event in the name of a ‘dream wedding’ – our hen and stag dos. More than four in ten (41%) women said they would give up their hen do, while 34% of men would their stag.

Now, only 3% believe they are the most important purchase for a wedding day. Does that mean we are waving goodbye to a staple part of the celebrations?

Not only are we saving on hen and stag parties, but we are also passing the buck to the attendees when it comes to their travel, accommodation, and clothes.  When asked, 38% of us have paid over £200 on average to be a guest at a wedding, whilst almost one in five have paid over £300.

Despite all these savings, weddings remain a financial burden upon all of those involved in the big day. On average, the average Brit thinks they must set aside £26,300 for their dream wedding


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