How much money are you thinking to spend on your special day? Read my last blog, and you’ll hear about Sunea & Seth and how they budgeted as a couple for their wedding day and avoided a lavish wedding.
Below are 5 out of the 20 most expensive celebrity weddings on bidvine.com, with Justine & Jessica at the top of the heap, spending just under 5 million for their wedding celebration:
- Justine Timberlake & Jessica Biel
- Beyonce’ & Jay Z
- Kanye West & Kim Kardashian
- George Clooney & Amal Alamuddin
- Christina Aguilera & Jordan Bratman
Before YOU spend lavishly on YOUR wedding, give it a lot of thought. A study was conducted of more than 3,000 U.S. adults, based on their wedding budgets and marriage track records. The authors found that women whose weddings had cost more than $20,000 were 3.5 times more likely to end up divorced, than women who spent $500 to $10,000. It also showed men who spent $2000 to $4000 on engagement rings were 1.3 times more likely to end up divorced than men who spent $500 to $2000 on rings. This does not prove that expensive weddings cause divorce. But it may point to the fact that if the focus is on the ring & reception, there might be a problem with the relationship. Come to your own conclusions!
The average U. S. wedding last year cost almost $30,000. One in 10 weddings cost between $50,000 and $100,000 according to a survey by The Knot. This is an 11% increase since 2010. Meanwhile hourly wages have risen only 2% according to the Labor Dept. Planning a lavish wedding? Think twice about it if you want a successful marriage. Make sure you are working on your relationship first, not the ring & reception! Think twice about having a lavish wedding!
To read more hints on managing money before & after marriage, go to Edelman Financial Services and sign up for an engaging, educational newsletter by Ric Edelman! I get the newsletter and learn lots from reading it! 3 times ranked the #1 independent advisor in the nation by Barron’s. http://www.edelmanfinancial.com/
Miriam Weber Brown