Whilst it is true that we all love a good wedding – the enjoyment comes at a cost.
According to recent figures, it has been revealed that the average amount spent on a wedding gift in the UK has risen to just over £51; an increase of 9% since in just one year.
The same study also showed that 18-24 year olds are the most extravagant age group of gift givers – spending an average of £63 on each gift. Whilst Londoners were the most generous by location, spending an average of £80 per gift.
Whilst less than £100 for a gift may seem like a relatively small price to pay, guests also often forget about all of the additional expenses. Consider the following:
- cost of attending a hen or stag weekend
- cost of a new outfit or cost of renting a tuxedo
- travel cost to reach your destination
- cost of drinks at the reception
- accommodation cost if you need or want to stay.
Senior Savings Product Manager Bruno Genovese commented, “We all know that paying for a wedding is expensive for the father of the bride, or the couple if they are paying for it themselves. However, it can also be expensive to be a guest especially when you take into consideration the cost of a new outfit, a stay in a hotel and drinks at the reception.”
If you are lucky enough to have been invited to lots of weddings this year, now may be the time to start saving.
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