21 August 2008
A personal loan is seen as one option by couples planning their dream wedding and looking for ways to fund it, it has been suggested. Francesca Moore, PR and marketing executive at Hitched.co.uk, said most brides and grooms are determined to have "the best wedding they can afford", regardless of the current economic climate. The financial situation of each couple is different, and some will have a budget that they stick to rigorously. Others, however, are prepared to spend more for an extravagant wedding and perhaps take out a personal loan to achieve it. "A lot of brides-to-be see their wedding day as a once in a lifetime day that they have dreamt about since they were young, and if it means taking out a loan to make it perfect then why not?" she remarked. The National Cost of a Wedding Survey 2008 revealed that the average wedding in the UK costs £20,273, while the average honeymoon costs £3,220. A further sum of £1,412 is spent on the average engagement ring and proposal.