Many Aussies say ‘I do’ to wedding loans, but not all.
Reality is, not everyone has the cash to splash to pay for their wedding upfront and many couples admit to seeking a bit of financial help to pay for their wedding.
It all comes down to your financial situation and priorities.
Some couples may choose to pay for their wedding out of pocket or by setting a savings goal and sticking to it.
Others may receive financial assistance from family or choose to have a smaller, more intimate wedding that’s within their budget.
Getting a wedding loan can be a viable option for those who don't have enough savings to cover the costs of their dream wedding or prefer to spread out the costs over time.
This type of loan can also help you to avoid putting wedding expenses on high-interest credit cards, which can lead to long-term debt and financial stress.
Ultimately, the decision to get a wedding loan should be made after careful consideration of your financial situation, the loan terms and the interest rate.
It's important to budget carefully and ensure that you can afford the monthly repayments before taking on any debt.