The True Cost to Tie the Knot
What your wedding will really cost you if you charge it on credit.
It’s no secret the weddings are expensive. According to the wedding authorities at The Knot, the current average price tag sits at over $30,000. So for the same cost as a mid-range economy car, you can have one hopefully perfect day of matrimonial bliss.
Of course, that’s only if you pay for everything related to your ceremony and the reception in cash – which (these days) is extremely rare. Most people put these kinds of purchases on credit. As a result, the overall cost is actually higher because of the interest that’s added. The longer you take to pay everything off, the more you’ll end up spending in the long run. What’s more, you could be paying off your wedding for the next decade if you’re only making minimum payments on the debts incurred.
The infographic below is designed to help you understand what the real cost of your wedding will be if you put all or part of the costs on a credit card. We even break it down to show you how much you’ll pay if you commit to eliminating the debt within a certain time instead of just relying on your minimum payment schedule. This way, you can make a plan that gives you the ceremony you want without introducing debt problems into your new life as a couple.
Remember, if expenses leave you in a bind with credit card debt, we can help. Call Consolidated Credit today at 1-888-294-3130 or complete an online application to request a free evaluation with a certified credit counselor. We can help you make a plan to eliminate your debt so you can regain control and move forward.
Use this infographic
<a href="https://www.consolidatedcredit.org/infographics/true-cost-tie-knot/" target="_blank"><img src="https://www.consolidatedcredit.org/wp-content/uploads/2017/04/weddinginfograph-opt.png" alt="Graphic displaying the real wedding budget cost with interest added" class="img-fluid" /></a>