It’s the day you dreamed of: your significant other has proposed, and you’re happily engaged. You begin planning your wedding, but you quickly realize how costly everything will be. Because of financial reasons, more and more engaged couples are putting off their weddings. They simply don’t feel like getting married.
Weddings Cost More Than Expected
A recent study interviewed 5,000 married U.S. adults about their experiences while they planned their weddings. The couples answered that the rising costs of weddings were a severe drawback of what is supposed to be “the happiest day of your life.” Couples want to get married. They just don’t want to have an expensive wedding.
Putting Off The Wedding
Over the last two years, one in three (30 percent) of engaged couples were forced to delay their wedding due to financial reasons. People spend money on the engagement ring, but they barely have enough money to pay for the actual wedding, including the guests, catering, cake, dress, and more.
Content With Staying Engaged
Instead of getting married, these couples are satisfied staying engaged. Maybe they’ll eventually get married, but for now, they’ll stay engaged. They’ll live together, have a family, but not be married. They have found their partner. Do they need a wedding to officially declare their love to others?
Happy With A Small Wedding
The study reported that married couples who chose to downsize their weddings (planning small weddings) claimed they were much happier. They spent less money but created more memories. Instead of spending so much money on a wedding, these couples encourage engaged couples to rather focus on their love and families.
Split The Cost
Instead of staying engaged, married couples report that there are ways to save money on a wedding. More couples are splitting the cost of the engagement ring and wedding. After all, you’re both getting married. Why should one person spend more money than the other? According to the couples, if more engaged couples considered their options, perhaps they would take the “big leap” and get married.