We all know weddings are about celebrating the love you and your partner have for each other, but let’s face it—they cost a lot of money and can put a strain on your relationship.
With the average wedding cost here in Guernsey being anywhere between £15,000 and a staggering £50,000 your big day might be the most expensive one of your life.
Taking out an wedding loan for your Guernsey wedding from theloanshop is quick and hassle-free.- the difficult part is calculating how much you need to borrow.
Whether it’s an intimate event with close friends and family only, or a more lavish affair in a hotel ballroom with 250 guests, you will need to plan a budget.
Decide together what you want to spend on your big day
A good way of working out how much you need to borrow is to list the expenses as necessary, unnecessary but desired, and frivolous extras. To give you an idea of items you will need to consider have a look at this list of wedding expenses.
Wedding insurance, ceremony fees, reception and evening reception (venue, food & drinks), entertainment, flowers, decorations, bride’s dress and accessorise, the groom’s outfit, best man and bridesmaids outfits, photography, transport, stationery, wedding cake, wedding rings, wedding favours, stag and hen nights, honeymoon and first night hotel
Work out how much money you’d like to budget for each item. You’ll certainly need a venue, but do you really need to splurge so much on flowers or favours? Understanding how much each activity or item will cost is crucial to effective budgeting.
You\’re in this for better or worse and you\’ll be paying for your Guernsey wedding loan together, so make sure it’s a joint decision!
Consider how much you can afford to pay back
You should also consider what you can afford to pay back each month on your wedding loan before you get one. You don\’t want your wedding loan to become a burden for the rest of your lives together, so don\’t borrow more than you can repay.
And finally – don’t put it on your credit card!
You probably have several credit cards lined up just waiting to be used to pay for the ceremony fees, the caterer and the honeymoon.
Taking out a Guernsey wedding loan from theloanshop.gg is much more affordable!
Credit card providers charge high interest rates in comparison to Guernsey loans from the loanshop.gg
Pop in to our town branch, call 736746 or apply online today. You’ll get rates as low as 7% and your cash the same day you are approved.
And don’t forget taking out a loan for your wedding can be good for your marriage – there’s no better way to find out about your partner\’s spending habits and your compatibility about financial matters.
