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Loved-up couples should plan for weddings - Financial news from Quotesure - 18/08/2005


People wanting to get married are advised to save for the wedding, recommends a new report.
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Loved-up couples should plan for weddings

Couples wanting to tie the knot are being advised to make financial provisions for their special day.

With weddings becoming more costly to organise a new report by Halifax suggests that fiancés should budget for their weddings, so they aren’t left penniless after the ceremony.

Getting married is becoming popular once again in the UK and 306,0000 couples got hitched back in 2003, the second year that this figure has risen.

August is the time of year that people are most likely to hear wedding bells ring, with one in six couples choosing it to say their views.

Halifax points out that an investment of just £65 a month in a professionally managed fund could grow to £18,000 over 15 years, which would cover the cost of a magnificent wedding.

'To ensure the happy couple have the kind of day they want it's important that those involved in paying for wedding costs plan and invest over the long-term,' said Ray Milne, director Halifax Financial Servies.

You are Your Wedding's annual survey recently put the cost of an average wedding at £17,000, and now that only 15 per cent of weddings are funded by parents, those wanting to get married are urged to save carefully.

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