You are here: Home - Household Bills - News -

Brits splash out more than £8.2bn attending weddings

Written by: Emma Lunn
Wedding guests fork out more than £300 for each wedding they attend, according to research from Policy Expert.

The home insurer questioned more than 6,000 Brits and found nearly half (49%) attended a wedding in 2018. It calculated that this puts the total annual wedding cost for the UK population at £8.2bn.

The research found wedding guests spend an average of £327 on gifts, food and drinks, outfits, accommodation and travel. For those who also attend the hen or stag do, the total cost rises to £576 for each wedding.

When it comes to picking a gift for the happy couple, the research found 40% of people give cash, 27% stick to the gift list, and 19% opt to gift money towards the honeymoon.

One in five (19%) give gift vouchers and 5% of wedding guests go for a personal touch with a handmade or quirky gift. Wedding goers spend an average of £59 purchasing gifts, with those in the wedding party typically spending £150.

Policy Expert chief operating officer Adam Powell said: “If you or a family member is set to walk down the aisle this summer it’s important to check that gifts received from generous guests, as well as wedding rings and other valuables, are covered in your home insurance policy. While it may not be at the top of the checklist it’s an important consideration.

“The average gift costs £60, so even a modest wedding could bestow you with hundreds if not thousands of pound worth of presents. Policy Expert offers an additional 10% contents cover the month either side of your wedding as standard, meaning you can cross the threshold on your return from honeymoon without any nasty surprises.”


Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week