Walking Down the Aisle with Debt: are expensive weddings getting in the way of marital bliss?

Take our word for it, nothing has the potential to kill romance like an empty wallet does.

A festering pressure to keep up with the Joneses can have you waking up in a cold sweat, months before the big day. But how many of us actually still quantify our love through a lavish wedding?

With the resurgence of the hipster sub-culture, surely things have simmered down in the décor and fashion departments- at least as far as weddings are concerned. Not so it seems.

According to professors in the Department of Economics at Emory University in Atlanta, “The wedding industry has grown substantially throughout the 21st century in part due to the rise of consumerism and industry efforts to commodify love and romance.” This doesn’t bode well for most middle income earners and young couples.

Can you imagine the looming dread that comes with being broke so soon after the happiest day of your life? But it isn’t all bad news. The same Emory Report also holds that couples who spend less on wedding expenses, like engagement rings, are up to 58% less likely to get divorced. It seems there’s hope for us frugal romantics after all.

Maybe the key is not to think of it as being a cheapskate at your own wedding. This is a milestone in both your lives, sure, but it also marks the beginning of a long journey into matrimony. So shouldn’t you be focusing your financial resources on prolonging that enjoyment? It really shouldn’t be all about that big bang (excuse the pun) at the start. A carefully planned, sustained metering out of your money can lend itself to a better long-term relationship.

So let’s start breaking the wedding stereotypes by looking at cost effective ways to plan your big day. By slimming down your guest list and doing the catering yourself, you can cut down your pre-wedding bill considerably. As a start, you can try some of these simple ways to tone down the cost of your trip down the aisle. Remember, it’s a marathon, not a sprint. There are no prizes for the most glamorous wedding, only for the happiest marriage.

 

 

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