Three in ten folks have declined an invite to a marriage, stag or hen social gathering attributable to the price of dwelling disaster, in line with a brand new survey.
Analysis by credit score checking firm Experian has discovered that Britons are discovering methods to economize on weddings of family and friends this 12 months, akin to staying up all night time, travelling on public transport and sporting the identical outfit on a number of events.
Of the 1,000 UK adults surveyed, 24 per cent mentioned they may not afford to just accept all of their wedding ceremony invites, whereas 31 per cent mentioned they’d declined a minimum of one invitation to a marriage or pre-wedding occasion.
In line with the findings, the typical value of attending a marriage at present sits at round £567 per head, whereas £116 is usually spent on lodging.
To keep away from paying for lodging, some persons are staying up all night time after occasions whereas others mentioned they might solely attend a marriage if it didn’t require an in a single day keep.
Some contributors mentioned they have been chopping again on different outgoing prices, akin to limiting consuming out to avoid wasting as much as attend a marriage.
One other common cost-saving possibility amongst visitors was to make a marriage current for the couple somewhat than purchase a present.
Many wedding ceremony visitors additionally mentioned they felt sympathetic concerning the prices the newlyweds would incur, with 57 per cent agreeing that it had change into extra acceptable for visitors to pay for their very own drinks and meals at a marriage reception.
Moreover, 52 per cent agreed that society had put strain on {couples} to supply a free bar, which they believed to be unfair.
James Jones, head of shopper affairs at Experian, commented: “All of us stay up for celebrating the union of buddies or household, however it may be an costly event for visitors in addition to the fortunate couple.
“With hovering day-to-day dwelling prices including strain to family budgets, many invitees are pondering rigorously, and typically creatively, about how they will handle the price of becoming a member of within the enjoyable.”
Experian’s analysis discovered that 26 per cent of wedding ceremony visitors plan to make use of a bank card to assist unfold the price.
“Individuals ought to clearly watch out to by no means borrow greater than they will comfortably afford to repay and have a transparent plan in place on how they’ll clear any debt,” Jones mentioned.
“Anybody with excellent balances on credit score must also think about looking for and switching to raised offers, akin to a 0 per cent steadiness switch card, which may assist lower prices and velocity up the reimbursement.”
Further reprting by companies
