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Spend Less on Wedding, Research Advises

On Behalf of | Sep 27, 2018 | Family Law, Firm News

Spend Less on Wedding, Research Advises

Recent research suggests that couples who spend lavishly on their wedding day festivities are actually more likely to get divorced in the future than couples who restrict their wedding budget.

Experts Suggest Ditching the Expensive Wedding and Splurging on the Honeymoon

Over 3,000 weddings and marriages were analyzed by economics professors Hugo M. Mialon and Andrew Francis-Tan in a widespread survey, and the results were evident. The study revealed that as the wedding budget increased so did the likelihood of divorce in the future. It’s unclear exactly why this happens to be the case. This statistic held true when comparing the relative cost of the couple’s engagement ring.

The only cost associated with weddings that appeared to have a positive effect on the longevity of the marriage was expenses related to the honeymoon journey. Experts agree that additional costs on the post-wedding bonding is worthwhile and closely aligned with a lower likelihood of future divorce.

Contact New Jersey Divorce Attorney Stephen R. Piper Today

Obviously, the cost of the wedding day isn’t usually a primary reason why couples seek a divorce, but uncontrolled spending can be indicative of future budgeting or financial problems that can lead to irreconcilable differences between partners. Whatever your reasons are for seeking a out a divorce settlement, divorce attorney Stephen R. Piper can help you and your former spouse reach amicable agreements about how to divide previously shared property, income and debts. He will help protect your best interests when circumstances prevent former spouses from cooperating, and he will vehemently protect your rights. To reach out to the Law Offices of Stephen R. Piper today, simply fill out his online contact form to hear back from him as soon as possible.

The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney-client relationship. If you are seeking legal advice, please contact our law firm directly.