Couples still using savings accounts to get married 'despite recession'

Mozo

Wednesday 26 August 2009

The economic downturn has not put off Australian couples when it comes to using their savings accounts and getting married.

A new study from business information firm IBISWorld has shown that love is still in the air as the average spend on the big day is $31,948.

This represents only a slight dip compared to last year’s figure of $33,349 and it is expected that spending, will increase in 2010.

Some brides and grooms to be may consider looking to compare credit cards to get the best deal on their wedding.

Commenting on the results, IBISWorld general manager Robert Byrant said some people have been leaving out some extravagances, such as cutting spending on flowers, cars and photographers, or having a simpler bash.

"This might mean trading the horse and carriage and flock of live doves for a Commodore and confetti," he said.

When it comes to honeymoons, Aussie newly weds may not need to break the bank either.

According to a report in the Brisbane Times, travellers can now spread the cost of their vacations by paying in instalments or using credit or debit cards.

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