Many couples are splashing out on big purchases after their weddings - putting their personal finances under strain.
Young married couples are not planning properly for setting up home together after their wedding, new research has shown.
AA Personal Loans said today that, while almost nine in ten newlyweds pay off the costs of their marriage celebrations right away, around 60 percent suffer financially over their first 18 months of living together as man and wife.
The AA also found that many couples who are still recovering from the financial hit of their wedding are still spending big over this period. Around 40 percent buy costly domestic appliances such as dishwashers and washing machines within 18 months of getting married, while 31 percent buy property and 20 percent have a baby.
Commenting on the findings Mark Huggins, head of AA Personal Loans, said: "The true cost of marriage is often underestimated by couples focussed on their wedding day and forgetting about the other financial demands the first year of marriage can bring. Many people who end up buying domestic appliances simply don't have the cash and will take a high interest payment plan offered from the retailer."
Terry Prendergast, chief executive at wedding specialists Marriage Care, added: "Getting married is one of the most joyous experiences for a couple, however, the cost of weddings, honeymoons and stocking the new house all bear a cost.
"For many, the reality of this spending is sometimes lost in the ecstasy of romance."
Compare loans via money.co.uk
