Consolidated Credit shares tips to get your wedding out of the red
We all know that weddings can get extremely expensive, but perhaps we don’t know how expensive. The average wedding in Canada costs north of $30,000, and studies show that couples often drastically underestimate the costs.
Couples tend to save for only 60 per cent of the wedding costs. How do they pay for the rest? They bank on parental contributions, cash gifts, and worst of all, credit cards.
Saddling yourself with financial stress is certainly not a very good start to a marriage. Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, spoke with Global News about ways Canadians can keep their nuptials out of the negative:
If your wedding left your finances in shambles, it’s important that you make take control and climb out of debt as quickly and efficiently as possible. If you are having trouble getting ahead, it may be time to call a trained credit counsellor at 1-888-294-3130. They will analyze your finances and give you advice on the best path forward. If you prefer to take the first step online, try our Free Debt Analysis.