It may not sit well with mom or dad, but you don’t need to have a wedding to get married. There are a lot of reasons why couples prefer to elope or opt for a court ceremony — and money is definitely a factor.
The average wedding costs more than $33,000. So if the big party with your friends and family isn’t a priority, you may want to spend those funds elsewhere.
By skipping the traditional wedding, you could even drastically improve the life you live with your partner. From knocking out debt to checking adventures off your bucket list, here is a sample of some of the things you could do instead of the expensive I do’s.
1) Travel the world
For most travelers, spending a year traveling the world costs between $20,000 and $30,000. That means you could start your life as a married couple by exploring new destinations for a few months. While weddings are memorable, so are adventures in foreign lands. If you have a case of wanderlust, this may be the better choice for you.
2) Pay down debt
The average household with credit card debt owes nearly $17,000 and pays more than $1,200 in interest each year. And the average college graduate has more than $37,000 in student loan debt. Using a lump sum of cash to knock out some of your debts will not only lower your total debt burden, but will also lower your monthly fixed costs. Once that particular loan is paid in full, that’s one less monthly payment you have to worry about.