The cost of a wedding: a significant investment
Planning a wedding in Spain can be both a magical moment and a financial challenge. According to data from Banco Santander, the average budget for a celebration of this type is around 21,600 euros. This amount, which may seem high, prompts many couples to look for creative options to adjust their finances.
Breakdown of the main expenses
The total cost of a wedding varies considerably depending on several factors, such as the number of guests, the location and the services selected. Below are the most common expenses to consider:
The banquet: the heart of the celebration
The banquet is often the largest item in the budget, with an average cost per guest of approximately 100 euros. This can become a real logistical puzzle, especially if it’s a big event.
The honeymoon: a necessary escape
The honeymoon is another big expense, with an estimated cost of around 4,500 euros. This is an investment that allows the newlyweds to enjoy some quality time together after the intensive preparations.
Clothing: a reflection of the special day
The wedding dress can cost around 1,500 euros, while the groom’s suit is around 1,000 euros. This expense, despite being high, is seen as an investment in unforgettable memories.
Capturing moments: photography and video
Photography and video services are essential to immortalize the day, with a cost that can reach 2,000 euros. Capturing these moments is crucial for many couples.
Other expenses to consider
In addition to the items mentioned, there are other elements to consider, such as invitations, wedding rings, floral arrangements, music, gifts for guests and transportation. It is also wise to reserve part of the budget for unforeseen events that may arise on the day of the celebration.
Financing options: loans for weddings
With the total expenses calculated, it’s time to decide how to cover the cost. Couples can choose to finance part of the amount through a wedding loan, an option offered by Banco Santander. These types of loans work similarly to a personal loan, with a credit limit and a pre-set interest rate.
Requirements to apply for the loan
To access this financing, couples must present documents such as payslips or, in the case of the self-employed, income statements. It is also advisable to obtain budgets for the services you want to hire to justify the need for financing.
Loan simulators: a useful tool
Before committing to a loan, it is very useful to use personal loan simulators. These tools allow you to calculate the monthly installments based on the repayment term, helping to determine if the loan fits the personal and financial conditions of the couple.
