Loans have become very commonplace in present times. From 18-year-olds to 80-year-olds can acquire it. It is because the loan acquisition process is so easy that a person can apply for one and receive the desired amount the same day or even in mere hours for that matter.
There are both positive and negative consequences of this trend. The good thing is that it becomes pretty convenient in times of emergency, while the adverse effect is people have started taking loans even when they do not need to. It has resulted in severe credibility loss and the inception of bad credit loans, even in Ireland.
Focusing on the recent result and coming to the point, some people think that getting a loan to fund your wedding is possibly the worst financial decision you can make. It is probably true, but at the same time, it is also a little too judgmental.
THE NEED FOR A LAVISH WEDDING
If I asked you to tell me the most important days in your life, the days that you will remember for a lifetime, what will those be? For me, they were;
For most of you, the list of these moments would be at least somewhat similar.
The day you get married is the most special in your life. I still remember how beautiful and enchanting Princess Diana looked in her wedding dress and the celebrations that took place on that day. It has been almost 30 years. Still, people remember it. There are hundreds of reasons for the day to hold that kind of importance.
Princess Diana’s wedding was grand and more extravagant than any of us can try to afford. But getting a wedding similar to hers, even on a minute scale is the dream of every would-be-bride.
So, I do not think of spending a little too much on your wedding is an unreasonable demand. If you want to do that and you can do it, nobody should get to stop you.
WHAT DOES IT MEAN FINANCIALLY?
The wedding industry in Ireland is estimated to be doing business in billions. The average cost of a wedding is about €25,000, which may seem too much, but again getting your dream ceremony and reception is more important than money. When you take into account Prince Harry and Meghan Markle’s €35 million wedding budget, yours won’t seem too much.
The wedding is divided into four aspects that hold the significant share of wedding expenses.
HOW CAN A LOAN HELP?
Some of us are financially sound enough to afford all of the wedding expenses without having to take up a loan. However, there are many of who either need to save those €25,000 by postponing the date or get a loan to start your marital life sooner.
If you fall short of money for your dream wedding, personal loans in Ireland can help you get out of that conundrum like a breeze. Through such a loan, the amount is wired directly into your account. So, then you have a lump sum to pay for all the expenses that you wanted but couldn’t afford.
You should even get that champagne fountain and chandeliers for the reception because the guests would talk about those for a long, long time. After all, you only live once and get married once.
WINDING UP
In the end, all I want to say is that having a lavish wedding by acquiring a loan is your choice. Nobody can take it away from you. However, only do that if you think your finances can handle the additional budget of a loan.
The wedding will only last for a matter of hours, but the loan obligation would have to be taken on for months. Ask yourself one question before you take on that loan, will one day be worth the financial struggle for months and years?
