Of all the purchases most people will make in a lifetime, two of the most significant—and most expensive—are weddings and purchasing a home.
Because they’re so expensive, it can be challenging for couples to save for both. According to a recent survey, it looks like the majority of couples are prioritizing homeownership over a fancy (and expensive) wedding.
According to a recent survey from Open Listings, 64% of couples said they would delay or downsize their wedding if it meant being able to purchase a home sooner, and when asked what big-ticket item they were currently saving for, 29% of couples said a home (compared to just 17% of couples who were saving for a wedding). And the reason? Owning a home is just more important to most Americans couples than dropping tens of thousands of dollars on a wedding—53% of couples and 65% of engaged couples claimed that home ownership was “very important.”
So, if you’ve been putting off saving for a home in order to have a large, fancy wedding, you may want to reconsider. A big wedding is one great day. But buying your dream home? That can give you a great life!
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