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Matrimonics: The Economics of Marriage

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Feb 11, 2016 1 min read

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Matrimonics: The Economics of Marriage

It’s February and Love is in the air!

But according to a survey from Weddingbells magazine, love (or at least marriage) doesn’t come cheaply.

Here are the average costs of a wedding in Canada according to their survey:

 

Surprised by how much everything adds up to? What surprised us the most is how few couples have the funds saved up to pay for their wedding, which means many will be borrowing – maybe from the bank of mom and dad, and hopefully not on a credit card! If you do pay with your credit card, make sure you pay it off at the end of month with a lower interest personal loan. Borrowell offers personal loans that can help you pay off credit card debt.

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Borrowell is dedicated to making financial stability possible for everyone. With over 1.5 million members, the company offers free credit scores in Canada, education, weekly credit monitoring, credit building solutions, as well as digital tools like AI-powered credit coaching and personalized financial product recommendations. For more information, visit borrowell.com or download the mobile app for Android or iOS.

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