Wedding Debt AdvicePosted by Kim Rix on November 24th, 2009

Dear Bride and Groom,

I’m sure you are already planning what your life will be like once you are married. The house you will live in, the holidays you will go on together, the first Christmas card you send as Mr and Mrs. What you might not have thought about is the upwards of ten thousand pounds in debt which couples expect to be in to have their dream wedding.

I was horrified to read that in 2008 a study showed that most women in Britain expected to take on between 8 and 10 thousand pounds worth of debt to have their dream wedding – perhaps inspired by their favourite celebrity wedding.  Some women will go as far as re-mortgaging their home to be able to afford designer dress or five star honeymoon. That’s crazy!

You have to ask yourselves whether, during your first few years of married life, you would rather be spending your hard earned money paying off your wedding debt or enjoying furnishing your marital home or taking nice holidays together.

Your wedding can be beautiful and still be in budget! You need to take a careful look at your finances and set your budget accordingly. Give yourselves time to save and use a budget planner to keep track of your anticipated and actual spending.

Of course if you have savings and help from family then some of the pressure will be take off of you. But just because you have the money doesn’t mean you have to spend it all either!

You can take out a loan or buy extras on your credit card but only if you absolutely know that you can make the minimum payments until it’s cleared. You really need to weigh up whether you will be compromising your quality of life for years, for small aspects of one, albeit very important, day.

Engaging the services of a wedding planner can assist you in keeping within budget and avoiding the clutches of debt. First of all together we set a realistic budget and make a pact to stick to it. Working together we can find all the things you require at a great price – I’ll do all the shopping around and negotiate to get you the best deal possible.

Your wedding will be the most special day of your life, regardless of how much money you have. Remember it is only the beginning of your time together.

Kind regards

Kim Rix

Your London Wedding Planner