1 in 3 Canadian couples go into debt to get married; is that a good idea?

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Advance planning and a little discipline can keep you out of wedding debt

“We were engaged for a year, which allowed us to save and pay for cash for the entire wedding,” explains Skar, an Edmonton-based father, real estate agent and founder of rewrittn. So even though the entire event cost the Skars about $18,000, they started their new life together wedding-debt-free.

“A wedding is a joyous celebration, but it’s also important for couples to keep in mind that they should only spend what they can comfortably afford for the day, rather than begin married life with an extravaganza that puts them in a financial hole,” says Carma Peters, president and CEO of Michigan Legacy Credit Union.

A money coach can cost as little as $75 per hour. A few hours can help you establish realistic spending and saving for your wedding, and help you avoid years of high-interest debt.Article contentWhen planning your wedding, it’s easy to prioritize pleasing others. “Setting a maximum budget for each category and sub-category helps prevent impulsive purchases and helps prioritize your spending,” says Martin.

“The amount of debt was intentional and planned. They chose to set aside $1,000 per month to pay off the interest-free debt within a year.”

 

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No

Marriage License in Saskatchewan is $60. I’ve conducted low cost weddings that wouldn’t put anyone in debt. Don’t let the fear of debt stop you from getting married

Stupid

He'll No!!!

Stupid idea.

And 2 in 3 Canadian couples go in debt to get divorced.

I have been married over fifty years but don’t see why either couple would suggest going in be there would be a good idea.

No thats whats expected in romanticism. If people are in love what really matters is they are happy & well together. If its a tinfoil ring, a wedding by a lake or a cheap JP, its all about whats in their hearts that really counts. Even if they dont marry but are devoted.

Nope The dumbest thing ever

Getting married is always a bad idea. ;)

Which one…the going into debt or the getting married part?

No, it's not. And we didn't!!

That’s stupid I would say… Those 1 in 3 are probably the same 1 in 3 who get divorced🤔 The commitment should be between couples instead of external ppl and Instagram🤔

Understand inflation shortly. 5 reasons why Prices are going up and 10 things will be more expensive till the end of 2022

No! Are they crazy? Mortgaging your married life by hanging a debt around their necks.

you only live once...

Middle aged guy here, married 22 yrs. No, don't spend a lot on your wedding. it's stupid to do so. 20+ years from now you'll both be so happy looking back if you *DON'T* spend a lot on your wedding today.

Screw the debt. It's getting married which is the lousy idea. 🤣

Marriage is for simps

No

No, no it is not.

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1 in 3 Canadian couples go into debt to get married; is that a good idea?Advance planning and a little discipline can keep you out of wedding debt It depends. My wedding was very unmemorable (if that’s a word). Who do you want to attend? Can you or your parents afford a party? What about alcohol? Rehearsal dinners cost too. Personally I’d rather go into debt for a memorable honeymoon. Not a good idea. I’d suggest to put the money towards purchasing a home. Short answer. No.
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