Los Angeles, CA (PRWEB) June 18, 2013
Wedding season is here and while the event itself can be entertaining, loans.org found that it can put a serious financial strain on both couples-to-be-wed and their guests.
According to theknot.com, the average cost of a wedding excluding the honeymoon costs $28,427. Despite a growing national average cost, some couples are refusing to add to their debts and are making their weddings as frugal as possible.
One such couple is Johnathan and Leah Ness. Their 2013 ceremony and reception only set them back $3,100, which was funded via a savings account and some support from the bride’s parents.
Johnathan said their decision to go frugal on their wedding day was partly due to their mutual dislike of debt.
“We have never fought about money, and I believe part of that is because neither of us are saddled with onerous debt payments,” he said.
Attending a wedding as a guest cost an average of $539. Regina Cialone, founder of Cloud Nove Events, said that guests give her negative feedback about expensive weddings are to attend.
Despite large national average costs for both couples-to-be-wed and their guests, both can reduce the cost of the special day in several ways.
For the full interview and discussion, please read the news story at http://loans.org/personal/news/growing-cost-wedding-consumer-debt-92900.
Additional articles, interviews, news and frequently asked questions about the personal finance industry are available at http://loans.org/personal.
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