From venue, décor, catering and accommodation to transport, outfits, favours and entertainment, tying the knot is an expensive occasion.
According to research conducted on our behalf*, the average Brit spends around £8,000 on celebrating their Big Day – quite a hefty price tag for just one event.
However, an £8,000 receipt is just a fantasy for some. One in 10 Brits who tied the knot in the last five years said they spent between a whopping £19,000 and £30,000 on the shindig – 35 to 44-year-olds were most likely to spend excessively.
On the other hand, almost one quarter of newlyweds said they managed to scrimp their way to a wedding that cost £2,000 or less – those aged 55 and over were more than twice as likely to spend in this region as any other age group. 18 to 24-year-olds were least likely to cut back on their spending for their Big Day.
How do Brits fund their wedding?
Our study showed that the majority (52%) of wedded Brits funded their Big Day with money they had saved up. Those aged 55+ were most likely to depend entirely on savings – perhaps because they were more inclined to throw a more economical celebration.
Just over one third of recently married respondents said they relied on help from parents or other family members. Women were slightly more willing to accept family handouts than men.
Furthermore, 7% of newlyweds said they put some of their weddings costs on credit cards and slightly less (6%) said they took out a loan to finance their shindig – 18 to 24-year-olds were most likely to have taken out a loan to fund their Big Day.
With so much to organise and consider, it’s no surprise stress comes hand-in-hand with wedding planning.
According to our research, keeping costs down was the key cause of stress for the majority of recently wedded Brits – 25 to 34-year-olds were most likely to get flustered about the financing of their Big Day.
Other top stress triggers included: finding the perfect venue (15%), the guest list (15%), blending families (7%) and accommodation for guests (7%) – interestingly, men were much more concerned about their guests’ accommodation for the event than women.
Wedding day fears
The bad news is that the stress doesn’t seem to end when the planning does. More than one third of recently married Brits said their biggest worry on the day of their wedding was being blighted with rubbish weather – men (43%) were more bothered about this than women (30%). The second most common concern was something going wrong with their dress or suit.
One in 10 feared they would be jilted at the alter – men were marginally more likely to fear this than women - and 18 to 24-year-olds (22%) were more than twice as likely to worry about their partner changing their mind than the average (10%).
Other responses given in our study included a health issue effecting the day, the speech and first dance, and their mother-in-law ruining the day.
* Red Dot questioned a nationally representative sample of 2,000 adults aged 18 and over between 14th March 2016 – 17th March 2016, of whom 636 were Scottish residents.
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