Weddings typically create a financial dilemma for couples, where many must choose between a lavish celebration and a significant down payment on a home. The data reveals that 35% of couples reported their wedding delayed their home purchase, while 36% found themselves with reduced savings for a down payment. A noteworthy 52% opted for more modest weddings to invest in their housing. Stress levels indicate that homebuying is often seen as more challenging than wedding planning, highlighting the conflicting priorities couples face during this life stage.
For most Americans, that means choosing between a big wedding or a decent mortgage down payment, said Matt Schulz, LendingTree's chief consumer finance analyst.
Thirty-six percent said buying a home was more stressful than planning a wedding, while 33% said the opposite.
More than half of respondents (52%) said they chose a smaller wedding in order to afford a bigger home.
Controlling what you can control is one of the best ways to reduce homebuying stress, Schulz said.
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