How to Pay for Your Honeymoon
You are in the throes of wedding planning. As if you don’t have enough on your plate, you also need to plan a honeymoon. You might feel tempted to put it on the back burner, but the honeymoon will be a big-line item on your budget. So, while you’re thinking about venues, food and a guest list, it’s important to consider where you want to go on your honeymoon, for how long and how much you have to spend.
How much are people paying on their honeymoons?
Weddings and honeymoons have become very (very) expensive. According to the Real Weddings Study by TheKnot.com1, the average wedding in the U.S. in 2017 cost $33,391. The top three line items: the venue, at $15,163; the reception band, at $4,019; and the photographer, at $2,630. When it comes to the honeymoon, the Travel Industry Association of America (TIAA)2 found that newlyweds spend an average of $4,466. Where and when you take your trip can greatly affect that number.
Ways to finance your honeymoon
The same TIAA study found that 62% of couples pay for most of their honeymoon on their own — a big burden to bear especially on the heels of a pricey wedding. If your dream honeymoon exceeds your budget, you have options, from loans or credit cards to taking a mini-moon.
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