CNNMoney.com wrote an article about the impact of our economic crisis on weddings. It says that the average cost of weddings is down by about $6,000.
It also includes the personal stories of nine different couples impacted by the recession.
The other day I was stuck in a CVS for about 45 minutes (don't ask me why), so I decided to read Suze Orman's newest financial advice book: 2009 Action Plan. The format is Q&A, so I was able to skim it pretty quickly.
In one of the sections, she argues vehemently that people should keep themselves out of credit card debt, even when planning weddings. Credit cards are only financially responsible if you can pay them off in full each month. Otherwise, you're paying money to use your money. She reminds us that the people we love will not be measuring our love by how much we spend on our weddings. (The people who would judge us just shouldn't be invited in the first place.)
It's completely possible to make weddings meaningful and memorable with sincerity and heart rather than money.
4 comments:
Our wonderfully generous friends/neighbors/wedding photographers were telling us this weekend that their business is down about 40% over last year. And those brides that are calling them are waiting until 1 to 3 months before the wedding to book them. It's SCARY if you are professionals these days!
Completely agree - I saw another article about how British couples are simply foregoing weddings altogether (will send the link if I can find it again!).
I've been a lurker for some time, but just wanted to say how much I loved reading this article, thanks!
One should do what's affordable not trying to impress others.
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