Matrimonics: The Economics of Marriage

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It’s February and Love is in the air!

But according to a survey from Weddingbells magazine, love (or at least marriage) doesn’t come cheaply.

Here are the average costs of a wedding in Canada according to their survey:

 

Borrowell Wedding Infographic FINAL.compressed

Surprised by how much everything adds up to? What surprised us the most is how few couples have the funds saved up to pay for their wedding, which means many will be borrowing – maybe from the bank of mom and dad, and hopefully not on a credit card!
If you do pay with your credit card, make sure you pay it off at the end of month with a lower interest personal loan. Borrowell offers wedding loans just for that purpose.
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