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Brits overspending on Big Day
24 July 2008
So you've finally found the man or woman of your dreams and are now planning to tie the knot.
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New research reveals that while this may be the best day in your life, thousands of couples are failing to keep a tab on their wedding expenditure in the run-up to the Big Day.
Around a quarter of a million people are set to get hitched this year, but a study of 4,000 adults by the Get On campaign found that 22 per cent of brides and grooms said they have failed to make a budget for all of their wedding.
On average, they are overspending by around the amount which could be used towards going on a honeymoon.
Four in ten respondents to the survey said they had spent an extra £1,355 on their wedding that they did not budget for.
The majority of people were overspending around £500 or £2,000 more, while some spendthrifts overspent by an astonishing £15,000.
Commenting on the study, Gareth Thomas, skills policy director - integrated employment and skills at the Learning and Skills Council, said: "Getting married is a hugely exciting time in anyone's life, but no fun if you spend the months leading up to the big day worrying about your sums. For those that struggle with maths, managing a large budget can add extra worry to an already stressful period.
"Some people tend to shy away from dealing with complicated money matters and budgeting, but it doesn't need to be as scary as you think."
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