Did you know that the average cost of a wedding these days is $26,720? Even though this amount is nowhere near the $34 million that Prince William and Kate Middleton reportedly spent on their wedding, $26,000 is still a lot of money for most couples. While you may desire to have the wedding of your dreams, and will pay anything to make it happen, you should first consider why it might not be wise to do so. Here are three appealing reasons not to have an expensive wedding.
You Can Use the Money for Your First Home
Another dream you may have always had is purchasing your first home, so instead of spending all that money on your wedding, why not use some of it toward the purchase of your home? When buying your home, you can usually choose between fixed interest home loans or adjustable rate home loans. Either way, the more money you can put toward down payment, the less your monthly payments will end up being. You can learn more about the process through resources like First Mortgage Company, Inc.
You Can Use the Money for Your Honeymoon
Chances are your entire wedding will be both photographed as and videographed, which means you can watch it and treasure the memories for years to come. Since you can reminisce about your wedding day in this way, why not put more money toward your honeymoon so that you can make it as memorable as possible? If you really want to go all out for your honeymoon, some of the most expensive honeymoon destinations include Greek Cyclades, Fiji, Tuscany, and Kauai.
If you want a honeymoon you'll remember for years to come, putting more money toward your honeymoon can make that a reality.
You Can Use the Money to Make a Charitable Contribution
You may be surprised to know just how many couples regret spending so much money on their wedding. If you and your future spouse really want to do something good with the extra money you're not spending on your wedding, why not make a charitable contribution?
With all the natural disasters happening throughout the world, all the medical and personal needs of friends and loved ones, and all of the amazing causes out there, making a charitable contribution will not only make you feel good about yourself, in most cases you can also get a tax deduction for your donation.
When you choose to use the extra money to purchase a home, put more money toward your honeymoon, or make a charitable contribution, you most likely won't ever regret your decision.Share