The Right Loan for Your Upcoming Wedding

For many couples, planning a dream wedding is an exciting way to express their personal style and tastes and celebrate their love for each other in front of friends and family. Affording that wedding, on the other hand, is not always so easy. According to The Knot 2015 Real Weddings Study of nearly 18,000 brides, the average cost of a wedding in the U.S. is at an all-time high of $32,641. This is despite the fact that the 2014 median household income was $53,657.

In many instances, cutting back on expenses is not possible. Spending two, three or five years working hard to save money can be equally daunting, especially if you are planning to start a family or are waiting until after your nuptials to move in together. In these cases, financing your wedding, engagement ring, or even your honeymoon through an unsecured personal loan, colloquially referred to as a wedding loan, may be a viable alternative. After all, your wedding is one of the most memorable and important days of your life. It should be special, which is why some people decide to use a personal loan or other financing method to create the wedding celebration they've always imagined. And there are trusted sources to help you do so: Prosper, and Upstart are two of the choices. But before you finance any element of your wedding, you should understand what it's actually going to cost you.

 

Referenced from: TheKnot.com