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Love birds having to pay for their wedding days

Love birds having to pay for their wedding days

Category: Money

Updated: 04/06/2010
First Published: 04/06/2010

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 It is now over 6 months old so the content may be out of date.
Engaged couples hoping that their parents will foot the bill for their wedding day could well be disappointed, after it was revealed that more and more love birds are having to foot the bill.

Traditionally, the parents of the bride have stumped up for their daughter's wedding day, but research conducted by Tesco Bank has revealed that the custom is becoming something of a rarity.

In fact, more than half (52%) of all UK couples now pay for the majority of their wedding costs from their own pocket, with less than a third (27%) of bride's parents paying for the majority of the day's costs.

Couples planning on getting hitched in Cardiff are the most likely to get a helping hand, with 61% of parents in the Welsh capital paying for their children's wedding.

Parents in Leeds are also keen to cover the costs, with 57% of them paying for the big day.

Lovers in Norwich are the least likely to see the cost of their wedding day covered by parents, with 64% expected to pay themselves.

"Planning your wedding day can be quite stressful, particularly when it comes to managing finances," said John Sutton, head of savings and investments at Tesco Bank.

"Our research shows that most couples are cutting their cloth in the run up to the big day by saving money where they can."

When it comes for putting money aside for their big day, couples are spending an average of ten months getting their finances in order and are putting an average of £4,700 of their own money towards their wedding.

Last month, Moneyfacts.co.uk delivered some sage advice to couples planning and saving for their wedding day - "Is your dream wedding a savings nightmare"


Make sure your getting the best savings rate in preparation for your big day - Compare Savings Accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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