Weddings are astronomical these days! I think a lot of people fall into the trap of thinking “anything goes” in pursuit of that “perfect” day and end up spending way more than they can actually afford. The average wedding costs nearly $27,000. Compare that to the median household income–$52,000, and you find a lot of couples borrowing money to pay for their weddings and paying it off years later. A marriage that begins in debt is starting off on the wrong foot: You don’t want to be celebrating your 20th wedding anniversary by celebrating that you’ve finally paid off your debt.
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Tags: Money Mondays