Qualified advisers answering your
Financial Questions
call 0800 092 1245

Newlyweds 'hit hard by post-wedding costs'

Six in ten married couples face financial strain in the 18 months following their wedding ceremonies, AA Personal Loans claimed today.According to the loans provider, 40 per cent are putting pressure on their budgets buy purchasing expensive appliances such as washing machines over this period, while 31 per cent buy a home and 20 per cent have a baby in this time.The financial strain is also marked, despite 87 per cent having paid off their wedding celebrations' costs immediately.Commenting on the research Mark Huggins, head of AA Personal Loans, said: "The true cost of marriage is often underestimated by couples focussed on their wedding day and forgetting about the other financial demands the first year of marriage can bring. "Many people who end up buying domestic appliances simply don't have the cash and will take a high interest payment plan offered from the retailer."Terry Prendergast, chief executive at wedding specialists Marriage Care, added: "Getting married is one of the most joyous experiences for a couple, however, the cost of weddings, honeymoons and stocking the new house all bear a cost and for many, the reality of this spending is sometimes lost in the ecstasy of romance."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details