Half of UK weddings are paid for by the father of the bride, research reveals

08 Apr 2019

A survey has revealed that the tradition of the father of the bride paying for the wedding is still one of the most popular ways for couples to pay for weddings

The research, conducted by price comparison site MoneySuperMarket, revealed that more than half of brides polled said their dad helped with the cost of their wedding, compared to just a third of the grooms’ dads (36%). 

However, it also showed that a fifth of Brits were able to fund a significant amount of their nuptials through savings, with 44% paying for half of their own wedding.

It also revealed that 34% of married or previously married couples said they didn’t know how they would pay for their wedding when they got engaged. 

With the average cost of a wedding exceeding £32,000, the research found that a fifth (21%) of couples borrowed money to help pay for their wedding. The most popular forms of borrowing including credit cards (11%) and wedding or personal loans (7%) 

Those from Belfast were polled as most likely to take out a loan specifically for the big day (7%), closely followed by Londoners (6%). 

Rachel Wait, consumer affairs spokesperson at MoneySuperMarket, said: “The amount people are spending on their big day has sky-rocketed in the last few years, driven in part by a recent wave of ‘Instagrammable’ weddings that seem to spare no expense. 

“Whatever your budget and however you choose to spend it, there are always ways to keep costs down. You don’t need a huge budget in order to have an amazing day and while talking about money isn’t the most romantic topic, working out your budget ahead of time can help make the planning process as pain-free as possible.

“Finally, it might be worth considering getting specialist wedding insurance to make sure your hard-earned money is protected should anything go wrong on the day. If you need to cancel your wedding due to an unexpected illness or extreme weather conditions, having wedding cancellation insurance will help cover the costs to re-arrange the wedding.”

For more information visit the MoneySuperMarket website. 

 

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