Rising wedding costs leave new couples in debt

Monday 21 June 2010

Article by Mozo

The rising cost of getting married is leaving many newlyweds in huge amounts of debt, it has been revealed.

A survey by wedding expert Anne Mihelakos of truebride.com.au found that the average cost of an Australian wedding now stands at $28,000, the Advertiser reported.

The most expensive wedding last year stood at $130,000 while the cheapest was $3,000, the poll also discovered.

Ms Mihelakos noted that the average Australian wedding goes about 15 per cent over budget.

Such news may interest Aussies wishing to compare credit cards and control their debt levels. The truebride.com.au survey found that many couples consider having the "perfect" wedding as being more important than saving up for a house deposit or clearing existing debts.

Mel Thompson, who was married last year, commented: "Even after cutting back on some of the costs we still went almost $3600 over budget, which ended up being put on our credit cards."

Meanwhile, an article on Lifehacker.com.au last week claimed that the annual fee paid on a credit card should be a key consideration when Australians come to weigh up the alternatives.

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