Defining the budget for a wedding is a necessary and delicate preliminary step. Depending on everyone’s wishes, the bill is variable! The personal loan is a precious help to reconcile dream and reality on the happiest day of your life …
1. Choose the bride and groom’s outfits
The wedding dress climbs to the top of the podium in terms of planned expenses. Princess, star, bohemian or iconic: each bride wants the most beautiful dress, the one she has imagined since childhood. For their part, men are paying more and more attention to their outfit. In 2017, the Opinion Way Institute argued that spending on the clothes of the bride and groom would represent 8% of the total budget.
2. Rent the reception hall
The reception of a wedding represents approximately 50% of the expenses related to this unforgettable day. Castles, wine estates, rental of a village hall … it is essential to book in advance for weddings that take place in fine weather. For those who want to save money, off-season rentals are a track to follow. Once the quote has been received, the personal loan can be a financing solution . For an unrestricted loan of 2,000 USD repayable in 12 months, the interest rate is only 1% according to the figures from Borrower.
3. The wedding meal
For meals and drinks, the score is not necessarily proportional to the number of guests. Indeed, those who opt for an intimate wedding may have dinner in a Michelin-starred restaurant. It is therefore rather a question of being based on an average cost per guest, because it is not uncommon for guests to leave with a small gift: sugared almonds, macaroons or bottles of wine. Today in France, this average cost per guest would be 150 USD.
4. A memorable stroke of madness
In the United States, weddings are opulent and rely on an average budget of more than 30,000 dollars according to an investigation by The Knot, famous American wedding planner. Parents and grandparents often share in the costs, while the bride and groom can add their savings. To finance an “American” wedding with a few splurges like fireworks, the personal loan is a wise addition . According to an Empruntis simulation, for a personal loan of 1,500 USD over 24 months, the repayment of the wedding credit is 64 USD / month excluding insurance.
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