This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Easiest Way to Become a Millionaire: Elope

The wedding industry has done a wonderful job of manipulating couples into believing that their wedding day is the one day of their lives when no expense should be spared. Buying into this can mean the difference between having a healthy nest egg or beginning married life in debt and with money issues hounding you from Day 1.

Unfortunately, many couples choose the latter: 75% of people getting married either never set up a wedding budget or don't stick to the plan they develop.

There is debate on how much money trouble contributes to divorce, but financial issues do have an effect on married life. If you are beginning your marriage in debt rather than with a solid foundation for your retirement account, these financial issues are bound to be amplified.

A Creighton University Center for Marriage and Family study found that money is one of the main obstacles preventing newly married couples from being satisfied. The biggest concerns causing the dissatisfaction included debt brought into the marriage and the couples' financial situation.

On average, a U.S. couple spends $28,800 for its wedding, according to a new Web site set up by The Wedding Report, which provides statistics and market research for the wedding industry. You can see the average cost of a wedding in your specific city by typing in your zip code. In some large cities, such as San Francisco, the average wedding costs $50,000 or more.

To make matters even worse, these averages do not include the cost for the honeymoon, the engagement ring, a bridal consultant or a wedding planner. Add $5,000 for an average honeymoon and $3,500 for an average engagement ring and you are up to $37,300 from the U.S. average -- and you're still not counting a bridal consultant or wedding planner.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs