Will Spending MORE Money On Wedding Planning Mean A Longer Lasting Marriage?
Most little girls grow up dreaming of the picture perfect wedding. If one scrolls through wedding magazines, or the many wedding planning sites on the internet, or through the myriad of ideas on Pinterest, it would be easy to plan the dream wedding. However, all those details will add up to a hefty price tag. According to https://www.theknot.com/, a popular wedding planning site, in 2017 couples were spending on average $32,641 on a wedding! In New York City, and other large metropolitan cities, that figure is closer to $77,000. YIKES!
Beware! Not only will the amount of money set you back considerably, a recent study conducted by economics professors, Hugo M. Mialon and Andrew Francis-Tan, found that couples who stick to a strict budget are far more likely to stay married than couples who spent extravagantly. Their survey studied marriages and the weddings of more than 3,000 couples in the United States. Starting with the engagement ring, when men spent between $2,000 and $4,000 on a ring, the risk of a divorce is 1.3 times more than when the ring cost between $500 and $2,000.… Read More... “An Expensive Wedding, Is it a Road to Divorce?”