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1 in 5 Couples Will Use Loans, Investments to Pay for Their Wedding

Private financial savings are the first marriage ceremony fund supply for engaged {couples} in the present day, but it surely’s not the one one. Weddings & Cash 2021: A Brides & Investopedia Research, a brand new on-line survey of 1,000 U.S. adults planning a marriage, discovered it could take a village of individuals and fee strategies to plan and pay for a marriage in 2022 and past.

On common, {couples} are budgeting about $20,000 for his or her marriage ceremony, however there are a lot of methods customers plan on overlaying that invoice. Most will dip into financial savings, however practically 1 in 5 will even use loans or promote investments to assist cowl marriage ceremony bills over the following two years. Some have even saved their stimulus checks to assist cowl prices.  

Key Takeaways

  • The typical U.S. marriage ceremony finances is $20,000
  • About half ($7,250) of that finances shall be paid for with financial savings, and the remaining financed, borrowed, or funded by monetary merchandise
  • 1 in 5 U.S. {couples} will use loans or investments to assist pay for his or her marriage ceremony
  • 41% plan to make use of bank cards, charging $8,000 of marriage ceremony prices, on common
  • Households, notably mother and father, are serving to fund many weddings, however that often means they’re additionally concerned within the planning course of

COVID-19 Modified Wedding ceremony Plans, Elevated Prices

Almost 1 in 5 {couples} (23%) have dialed again their marriage ceremony finances within the wake of the coronavirus pandemic, in keeping with the Wedding ceremony & Cash 2021 examine. Such {couples} mentioned smaller and less complicated weddings are resulting in price reductions.

On the opposite finish of the spectrum, 16% of {couples} really plan to spend extra due to COVID-19, citing elevated prices and the addition of extra occasion options. 

“The marriage trade appears newly reenergized, and I’m certain that a few of the pandemic-necessary adjustments like extra intimate gatherings and new, non-traditional components are right here to remain,” mentioned Leah Wyar, Brides’ senior vice chairman and common supervisor, in a press launch.

Many expenditures issue into the ultimate price of a marriage, however our examine discovered the highest bills for {couples} as of late are jewellery, marriage ceremony venue, and meals.

Financing Choices, Investments Additionally Used to Cowl Bills

The Wedding ceremony & Cash 2021 survey discovered {couples} will pool funds from quite a lot of locations to pay for his or her upcoming marriage ceremony. Financial savings constantly account for about half the median finances ($7,250, on common), however the remaining could also be financed or paid for with windfalls akin to tax refunds, funding gross sales, and even stimulus checks. 

“{Couples} planning weddings have change into way more artistic and resourceful on the subject of footing the invoice,” mentioned Caleb Silver, editor-in-chief of Investopedia, in a press launch. “Using earnings from promoting investments and extra reliance on low curiosity bank cards display a extra refined strategy to paying for or financing a marriage than we’ve got seen in years previous.”

The examine discovered funding approaches fluctuate barely relying on the place a pair lives. These within the Western U.S. have been most definitely to say they’d promote investments, use bank cards, or take out a mortgage. Midwestern {couples} have been most definitely to say they’d use stimulus checks to assist pay for his or her marriage ceremony, and people within the Northeast have been most definitely to make use of financial savings.

Total, after financial savings, bank cards are the preferred supply of marriage ceremony funds, in keeping with the Brides and Investopedia examine. In reality, 41% of these planning a marriage plan on utilizing bank cards to assist finance the bills and provides them extra time to repay the bills.

These utilizing credit cards to cowl marriage ceremony prices will cost about $8,000, and most mentioned they gained’t repay the payments instantly. Most {couples} leaning on playing cards will repay the costs inside a yr, however some (17%) plan to take a yr or extra to pay down the marriage prices, which is noteworthy given 67% of {couples} presently planning a marriage are additionally carrying debt—together with bank card balances.

Bank cards that supply 0% purchase APRs for a restricted time is usually a low price strategy to stretch the marriage finances for a short while, however most promotional gives marketed on-line to new cardholders as of late solely final for 12 months. {Couples} contemplating this selection ought to carefully learn provide phrases and repay the debt earlier than the deal ends and curiosity rapidly compounds.

Many {Couples} Planning a Wedding ceremony Get Additional Assist From Household

Along with what {couples} are paying themselves, marriage ceremony expense funds additionally typically come from members of the family on both facet of the aisle. Mother and father are overwhelmingly the commonest contributor, in keeping with 68% of respondents, however different familial sources embrace siblings, grandparents, and even aunts and uncles.

Nonetheless, with funding comes involvement. Half (55%) of survey respondents instructed Brides and Investopedia that households—each theirs and their companions’—are not less than considerably concerned within the wedding-planning course of. 


The Weddings & Cash 2021: A Brides & Investopedia Research was fielded on-line to 1,000 U.S. adults between July 30 and September 14, 2021. Respondents are planning a marriage, have an occasion date throughout the subsequent 24 months, and are concerned within the wedding-planning course of. Quotas have been used to make sure the survey pattern represents the U.S. Census estimates for gender, race/ethnicity, and area.

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