Wedding loans for DIY dream weddings
Wedding spending was down in 2009 … way down. In 2008, couples took out wedding loans to pay for $30,000 weddings, but this year they took out wedding loans so they’d stick to their wedding budgets and keep the expenses at an average of about $20,000.
Much of the expense of those over the top weddings was put on credit cards, and some of those newlyweds are paying off that debt at 29.99%; that’s not a mistake recession era couples are making. Instead, they save up all they can, and take out a loan to make up the difference; either way, wedding loans reinforce the notion that the available funds are finite.
That doesn’t mean sticking to a budget is easy, even with wedding loans. Lots of brides have been imagining their weddings since they played with Bridal Barbies. Wedding loans allow those brides-to be to shop for the best deals, and then move on them fast. Airfares have become unpredictable. With all the new fees and surcharges, it’s hard to find a bargain. But, when a rare low fare is announced for the frugal couples’ dream destination, wedding loans mean the money’s available.
The same goes for other areas where couples are cutting corners. With wedding loans, couples can tweak their DIY projects to achieve more professional results. For instance, taking out wedding loans a year before the wedding allows couples who decide on a backyard wedding to begin landscaping projects that will mature in time for their wedding.