February 13, 2018 | Archive

One Wedding and A Down Payment

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Tracey Velt is the Senior Director of Data & Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine.see full bio

According to CNN, the average cost of a wedding these days is $35,329. Yes, you read that correctly, $35 G’s (Thanks a lot Pinterest….).  If you are shocked by this number, you are not alone!  In fact, due to this statistic many betrothed couples are weighing their options.

Option 1 – Spend tens of thousands of dollars on a wedding celebration.

OR

Option 2 – Pocket the money and put the savings towards traveling, a house down payment, or student loans. The latter being a wise, but not-so-popular choice.

Owners.com identified the top cities where the cost of a wedding is equal or sometimes more than a down payment on a home. Hmm…decisions, decisions. After looking at the below infographic – which option would you choose?

Source: Owners.com

3d rendering of a row of luxury townhouses along a street

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