lavish weddings

Lavish Wedding? Think Twice!

bag_of_moneyColumbus Brides!  Are you planning a lavish wedding?  Think twice!  Those costly, lavish weddings may cost you your marriage!  Read on!

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:

  1. Justine Timberlake & Jessica Biel
  2. Beyonce’ & Jay Z
  3. Kanye West & Kim Kardashian
  4. George Clooney & Amal Alamuddin
  5. 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
www.columbusharpist.com

 

 

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