If we can say “yes” to the town hall without having to pay a penny, the future spouses most often want to make this event a memorable day, even if it means devoting a substantial budget to it.

Dress, costume, flowers, photographer and especially reception room and caterer can be very expensive depending on the type of services desired.

When personal savings and the support of close family are not enough, it is then possible to turn to borrowing.

Treat yourself to your dream

We often tend to underestimate the cost of a wedding.

Although the range varies enormously from one celebration to another, it generally takes 12,000 euros to celebrate one's wedding.

According to a 2019 OpinionWay study for the credit company Sofinco, an average budget of 8,000 euros would even be sufficient, while a Cofidis survey carried out in January 2022 expects an envelope of just over 11,000 euros.

But what to do when you don't have a budget that meets your expectations?

According to these polls, more than a third of French people then consider credit as a possible method of financing their weddings.

This is a way to quickly get the necessary money.

In return, this means that the marriage will begin with monthly repayments that will reduce his standard of living. 

A simple complement

To avoid going into heavy debt over many years, the ideal is to limit the amount of the loan as much as possible.

As far as possible, it is better to be patient and save the time necessary to constitute a sufficient contribution to cover a good part of the wedding.

Similarly, the parents of the newlyweds often make it a point of honor to contribute financially to this event.

Ideally, this loan will therefore only supplement your envelope.

The Cofidis 2022 survey thus puts the average budget estimated by the participants at around 5,560 euros to afford their ideal wedding (excluding honeymoon).

Stick to your budget

Opting for a loan does not mean affording everything either.

It's about being able to have fun without having delusions of grandeur.

To avoid losing all measure, start by establishing a realistic and controlled budget by quantifying the essential expenditure items for this event.

Reception room, caterer, decoration, varied entertainment, photographer, outfits of the spouses, wedding rings or announcements, nothing should be forgotten for an accurate estimate.

For this, multiply the quotes from service providers in order to obtain the best offers and to be able to favor this or that service, by cutting back on others that you consider less essential.

Choose your loan

It is only once you have in mind the necessary budget and the amount you need to calmly realize your project that you can look into the loan solutions available to you.

And there is no shortage of them.

Many banks and credit companies are increasing the offers dedicated to financing a wedding.

But beware of marketing language.

These loans may be stamped "special day D", they are nonetheless classic consumer loans.

In practice, the personal loan is the most common.

Once the amount has been set and granted, you can use it as you see fit in return for fixed monthly payments.

Revolving credit, on the other hand, is more pernicious, insofar as it takes the form of a reserve of money which is replenished each time you make repayments and which can be renewed from year to year.

The risk is therefore to get too used to it and to live perpetually on credit.

In any case, assess your repayment capacity by deducting your fixed charges from your income, so as not to accept too high monthly payments, and compare several offers before committing.

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