National Savings & Investments recently undertook a survey of people contemplating marriage, in terms of how they intended to pay for their honeymoon. 35% of couples said they intended to go into debt for the pleasure of their honeymoon. Most would opt for credit card debt, with some opting for personal loans.
Our View
Honeymoons are an expensive business and it seems that many newly weds are borrowing, rather than using savings.
Honeymoon costs can reach £5,000 so, if you are borrowing this sort of money, do your homework first in terms of interest payable on the loan or credit card.
Make sure you get your finances in order before the big day so there will be no shocks when you get back from honeymoon!