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Heading to a wedding? It’ll cost a week’s salary…

Heading to a wedding? It’ll cost a week’s salary…

Category: Money

Updated: 08/07/2016
First Published: 08/07/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Wedding season is very much upon us, but just how much will you be spending on attending all those nuptials? It could set you back more than you think, according to research from American Express, with the typical guest set to spend a whopping £479 per wedding – just £24 less than the average weekly salary.

But just where will all that money go? Well, guests are set to spend an average of £102 on gifts alone, as well as £94 on travel, £74 on hotel accommodation and £48 on drinks at the reception venue. And that's before we even get to things like hen and stag dos (£58), hair and beauty (£28) and the cost of the all-important outfit (£75) – as you can see, it can quickly add up!

Happily, many of today's wedding guests are savvy when it comes to their nuptial spending, with 52% looking to shop in the sales to save on outfit costs, while 59% will avoid buying something new altogether by wearing outfits from previous celebrations.

A further 46% will use a rewards or loyalty card in an effort to get something back for their pre-wedding purchases – using a cashback credit card can be a great way to do that – and don't forget to be on the lookout for vouchers and discount codes as well.

"While a wedding was once considered extremely costly for the bride's father, our study shows that guests also face a significant bill," said Jenny Cheung, director at American Express.

"With this in mind, it's never been more important to get your finances in order so you can have fun when it comes to the big day. A great way to make the most of your wedding spending is to use a credit card that offers rewards or cashback. That way you'll get a little something extra back after the celebrations are over."

Sound good? Then start by comparing the top cashback credit cards to get an idea of the deals available, giving you the chance to get something back from all that wedding expense.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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