Planning 'important to avoid post-wedding debt'
Published On 10 July 2007
People need to start to plan and save for their wedding as early as possible to prevent beginning married life in debt, an expert has warned.A spokesperson for wedding specialists Confetti, Carol Richardson, said that many people struggle to balance their wedding dreams with financial realities and risk getting into serious debt because of the event.
"Always set a budget at the start of the wedding and break down all of the elements, and decide which are most important to you," she explained.
"Then if you find you are overspending in one area, you can cut back on another so that you're not actually overspending too much at the end and having to start your married life in debt."
Ms Richardson added that some people opt for homeowner loans to fund part of their wedding. In this case, she said that it was important to "shop around for the best loan rate".
Recently, Liz Neild, media relations manager for Marks & Spencer Money, explained that a typical wedding now cost in the region of £20,000.
This means that wedding insurance is "very well worth investing in" to prevent disappoint.
