Average couple spends $26,989 on wedding; many break budget
Weddings bells sound like a cash register —Ka-ching! The average 2012 wedding (not including a honeymoon) will cost $26,989, up from $26,501 in 2011.
A May 2012 survey of 1,272 Brides magazine and website readers found:
•91% of couples set a budget, but 32% overall, and 40% of those who plan a destination wedding, cross that line.
•72% of couples used savings to pay for their weddings.
•30% use credit cards, and most expect to pay off credit cards within six months of their wedding.
•54% of couples said paying for a wedding would not hamper their plans for "buying a house or a car, starting a family, etc."
•62% of couples say they're contributing or paying entirely for the reception costs, including 36% of couples who expect to pick up the entire tab themselves.
•Couples are almost as likely to have a sit-down plated meal at their reception (42%) as a buffet style meal (41%).
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