My husband and I have been married for almost six years. In that time we have had two children, purchased a home, dealt with my school loans, battled layoffs and a few job changes. There are a lot of changes to deal with in a marriage and with each one it seems that financial stability is always at the top of our minds.
Going into the marriage, we wanted to start off on a good foot. A new baby was on the way, I didn’t have health insurance at the time, and the cost of a wedding was very gut wrenching to think about.
Recently I read an article about cutting your wedding costs in half and it took me back to the time of our marriage. The article mentioned that in 2011, 20% of U.S. couples spent more than $30,000 on their wedding, and 11% spent more than $40,000!
The biggest cause of divorce is due to financial problems. My husband and I didn’t want our wedding to be a contributor to that so we decided to get married at the courthouse. While this wasn’t my wedding that was dreamed about as a child, it made sense to us.
Because we decided to have a court house wedding, our debt was paid down massively, we were able to spend a little more on our honeymoon, we had enough money to prepare for our unborn child, and with the proper budgeting resources- such as the ones available from Genworth Financial- we put a down payment on our first home.
What do you think about the average spending of $30,000 on a wedding?
*Disclosure – This post was inspired by Genworth Financial