Wedding costs to result in money worries?

Individuals attending weddings could be placing themselves at risk of debt because of the money they shell out to take part in the celebrations.

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Individuals attending weddings could be placing themselves at risk of debt because of the money they shell out to take part in the celebrations.

New research from Santander Cards has revealed that people in Britain spend around £10.45 billion per year on going to the events.

The study showed the average guest splashes out £380 on attending weddings, with travel and accommodation being the biggest outlays at £210.

It was found that around £131 is forked out for gifts, £123 for outfits and £114 on a stag or a hen night out.

Emma Roberts, director of Santander Cards, commented: “It’s easy to overlook the cost involved in being a wedding guest but the outlay can be significant, both before and during the big day.”

Statistics recently released by Halifax Home Insurance suggested a number of men could be placing themselves at risk of debt by spending money on creating rooms to watch the football World Cup in and not purchasing adequate cover for the items they have bought.

By Joe Shervin

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