Wedding or Downpayment?

Photo by Gabby Orcutt on Unsplash

Of all the purchases most people will make in a lifetime, two of the most significant & and most expensive are weddings and purchasing a home. And..as a former wedding professional and current REALTOR, I have some thoughts. :)

Because both a wedding and buying a home can be a large expense, it can be challenging for couples to save for both. (Especially if you have student loans..lord!) According to a recent survey, it looks like the majority of couples are prioritizing homeownership over a fancy (and expensive) wedding.

According to a recent survey from Open Listings, 64% of couples said they would delay or downsize their wedding if it meant being able to purchase a home sooner, and when asked what big-ticket item they were currently saving for, 29% of couples said a home (compared to just 17% of couples who were saving for a wedding). And the reason? Owning a home is just more important to most Americans couples than dropping tens of thousands of dollars on a wedding of couples and 65% of engaged couples claimed that home ownership was "very important."

The Takeaway

If you've been putting off saving for a home in order to have a large, fancy wedding, you might want to reconsider. A big wedding is a great day. But buying your dream home? That can give you a great life. Forever!

There are so many ways to have a fantastic wedding on a budget that makes sense for YOU. Weddings do NOT have to be over the top expensive for them to be meaningful and full of celebrating with your favorite people. If you need wedding or homebuying tips, I am your girl!! I would love to take you out for coffee to discuss it all.

Love,

Alison