True Cost to Tie the Knot
Why you shouldn’t put your wedding on plastic
Stop the presses: weddings are expensive. According to Slice.ca, the average price tag sits at just over $30,000. That’s right, for the amount of money that some people earn over the course of an entire year, you can enjoy an “average-priced” wedding.
The gargantuan price tag can grow even bigger, depending on how you pay for your nuptials. Your wedding bills might add up to $30,000, but if you pay with credit, you will be paying a lot more. This is because of the sky-high interest rates on credit cards. The longer you take to pay everything off, the more you’ll end up spending in the long run. 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 also show you how much you’ll pay if you commit to paying down your debt within certain periods of time instead of just relying on your minimum payment schedule. Seeing the cold, hard numbers will help you hatch a plan that will give you the wedding you want without a heavy burden of debt.
Remember, if expenses leave you in a bind with credit card debt, we can help. Call Consolidated Credit today at 1-888-287-8506 or complete a budget analysis online and receive a free evaluation with a trained credit counsellor. We can figure out a way to get you the leg up that you need in order to conquer your debt.
Use this infographic
<a href="https://www.consolidatedcredit.ca/infographics/infographic-true-cost-tie-knot/" target="_blank"><img src="https://www.consolidatedcredit.ca/wp-content/uploads/2017/07/Infographic-True-Cost-to-Tie-the-Knot.png" alt="Wedding budget" class="img-fluid" /></a>