MoneyWisdom Blog

5 Hidden Wedding Costs That Can Surprise You

Posted by Monica Parks on Dec 7, 2019 7:00:00 AM

There are two sides to the engagement coin: it’s a time full of love & joy, and it’s also a time full of stress and to-do lists. Not only are there literally hundreds of decisions to make, nearly all of them come with a cost. Some couples even opt to take out a personal loan to fund the wedding of their dreams.

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Topics: Weddings

4 Questions to Ask Before Remarriage

Posted by Sandra Quadros Bowles on Oct 28, 2019 1:08:30 PM

Oscar Wilde wrote, "Second marriage is the triumph of hope over experience." The Irish writer had a good point. People who are widowed or, specifically, divorced know that marriage isn’t always a fairy tale, and it doesn’t always end happily. But that doesn’t stop people from trying again, particularly as they grow older.

Statistics show that 67% of those ages 55 to 64 who were previously wed will remarry. But there’s another sobering statistic these couples should consider. On paper, at least, they are more likely than not to experience another marriage upheaval, which is why you and your partner should sit down and ask each some questions before giving marriage a go again.

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Topics: Divorce, Weddings

Before You Consider a Loan for Your Wedding

Posted by Matthew M. Robare on Jul 22, 2019 8:03:00 AM

Weddings are expensive affairs. From renting tuxedos and buying dresses, to hiring venues, a DJ, and caterers, walking down the aisle is a lot more complex than when my grandparents needed a justice of the peace, a witness, and a blood test. As a result, the matrimonial-industrial complex has gotten so big and so competitive that an increasing number of young people are taking out personal loans to finance their weddings – and an ecosystem of lenders has appeared to compete for their business, according to The Washington Post

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Topics: Weddings, budget

To cool down wedding expenses, think winter.

Posted by Hanscom Federal Credit Union on Dec 21, 2015 7:30:00 AM

It’s the most wonderful time of the year, and we don’t mean Christmas or Hanukkah. We’re singing the praises of winter weddings. Why? Couples in the Northeast who tie the knot anywhere between January and March can enjoy more flexibility in wedding planning, save a bundle on their budget, and host a wedding and reception that’s memorable. Here are some reasons why you may want to wait until the beginning of a New Year for your new life together.

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Topics: Weddings

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