Weddings are ridiculously expensive - this we know. Did you know that loans to pay off these weddings are becoming increasingly popular. In fact, according to The Washington Post, couples borrow around $16,000 and usually pay it off within three years. The interest rates are usually better then credit cards, but the reasoning for the loans is to have an "Instagram-worthy" wedding, rather than just getting by with the basics. At the same time, couples are more involved with paying for their weddings since they're getting married at an older age and have an established career most of the time.
Photobooths, videographers and more all being added to the wedding budget. In reality, you really only need the courthouse. Of course, there's nothing wrong with doing it big and nothing wrong with eloping. It's just a matter of opinion! Check out the full article from The Washington Post here.
The question is: would you take out a loan?