Weddings should be well planned, financed and insured
27th June 2008
The most important ingredient for a perfect wedding is having good weather on the day, according to research by Alliance and Leicester.
Consumers clearly can't insure themselves against the weather, but getting wedding insurance would at least mean that they were protected if anything did go wrong.
According to the research, some couples are unrealistic about the cost of their nuptials and many may not factor in the cost of wedding insurance.
Couples could end up with a budget shortfall of as much as 22 per cent with the average cost of a wedding being £19,400, nearly £3,500 more than the £16,000 people estimate it will be.
Richard Al-Dabbagh, Head of Personal Loans at Alliance & Leicester, said: "it appears that the actual cost of the Big Day is greatly underestimated, and it is essential to assess finances when budgeting for your special day. It may be sensible to opt for a low-rate personal loan to help with wedding day finances."
Wedding site Confetti.co.uk has said that the key to a great wedding is to make sure that everything is planned out well in advance. Carol Richardson from Confetti.co.uk explained: "Careful planning means setting a realistic budget from the outset."
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