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On Friday of this week (4-May-2012), My Personal Finance Journey participated in the 20th Yakezie Blog Swap (can you believe we’re already on the 20th edition!? Crazy!). In this event, members and challengers of the Yakezie Personal Finance Network paired up and exchanged posts on a common topic.
This month, the topic selected for us all to write about was as follows relating to wedding spending. According to the Huffington Post, the average wedding cost in 2011 was $27,021. Looking at this statistic, why do you think people spend so much on weddings? Do you think it’s worth the money? How do people afford weddings that cost $27k if the national savings rate is so bad? What are the long-term financial ramifications of an expensive wedding? What tips do you have to help people save money on weddings?
There were 10 bloggers who participated in the swap this time around. The various posts written are described below:
My Favorite Swapped Post
Emily from Evolving Personal Finance shares first-hand experiences from her wedding planning about why weddings cost so much, how people finance weddings, and also money saving tips on Edward Antrobus. I really liked how she placed on emphasis on the importance of prioritizing what is important to the bride and groom in the wedding in order to maximize value.
I wrote about why people spend so much on weddings and possible ways to save some money on Frugal Portland.
Nick from Step Away from the Mall writes a fascinating article about his first-hand experiences with inviting 350-400 people to his wedding and how it can easily cost a ton of money on Daily Money Shot.
Jana from Daily Money Shot wrote about the various ways she saved money on her wedding on Step Away from the Mall.
How about you all? Why do you think people spend so much money on weddings these days? Is it worth it? What tips do you know of that people have used to save some money?
Share your experiences by commenting below!
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