Skip the Wedding!

Picture of Ariel Kormendy

Ariel Kormendy

Co-owner of the KT Team and Renti, Ariel Kormendy has been a resident of Milton and Oakville for over 20 years. With a lifelong passion for real estate, Ariel brings a blend of sales expertise and entrepreneurial spirit to the team. An early riser, Ariel enjoys starting his day with a workout and a good coffee. When not working, you’ll find him at the cottage, enjoying summer days by the lake. Ariel’s favourite movie is “Home Alone,” and he loves indulging in a classic pork souvlaki dinner or his grandmother’s traditional schnitzel.

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Skip the Wedding!

Like the Netflix series, Marriage or Mortgage, in which a real estate agent and a wedding planner vie for a $30,000 budget to either spend on a dream home or a fairytale wedding, we’re looking at the financial implications of splurging for a lavish celebration versus a more budget-friendly approach to your big day.

According to WeddingWire, the average wedding in Canada costs about $30,000, but if you live in a major city like Toronto, you can expect to pay about $10,000 more than that. Keep in mind these figures are calculated for 120 guests. Some couples spend upwards of six figures on their wedding day, and these numbers may not include things like the ring, dress, suit, bridal party gifts, and the honeymoon.

Ultimately, it’s not worth it. The night is over fast, and you’re so busy you don’t have time to enjoy or remember it. Think about future planning and expenses that you will incur for what is essentially a one-day party. Instead, consider something more intimate and cost-effective and redirect the funds into a more lasting investment. Skip the extravagant wedding and buy a house.

Often, brides and grooms have a lot of pressure from family, but ultimately, the day is yours. It doesn’t mean you can’t have an unforgettable wedding. It could mean eloping to a romantic location or cutting back on the guest list to include only a few close friends and family members. A simpler dress, a smaller ring, and a cash bar are other ways to slash costs.

How much money should you give as a wedding gift?

When you consider that 40% to 50% of first marriage end up in divorce in Canada and that money is the leading reason for a couple getting divorced, you can see why your money is probably better spent elsewhere, especially when just starting out. If you owe tons of money from having a big party and can’t afford to buy a house, you’re stressed out because you’ve got this debt and are paying high rent for a place you don’t even like.

Is the cost of the wedding contributing to the high statistical rate that you’ll be divorced? According to this survey, the more money spent on the wedding, the more likely the couple will divorce.

Further, couples who spent more than $20,000 are 3.5 times more likely to end up divorced than those who spent less than half that. The stress incurred from having a huge amount of debt from a big party means starting your relationship off with that strain rather than directing those funds into a home and building equity that will last a lifetime.

On the one hand, you can have a very expensive day that wows your friends but sets you up for a lot of stress and debt, or you could buy a house and get out of your parents’ basement. The choice is yours.

 

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Open House Terms & Privacy Agreement

for KT Open Houses

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1. Visitor Etiquette: All visitors are required to maintain a respectful and safe environment in our client’s property by adhering to the following etiquette guidelines unless otherwise directed by a representative of The KT Team:

  • Footwear: Please remove footwear upon entry to help preserve the property’s cleanliness.
  • Washroom Facilities: Visitors are kindly asked to refrain from using washroom facilities.
  • Personal Belongings and Furniture: For privacy and safety, please avoid touching personal belongings or opening furniture not part of the sale. Examples include dressers, media consoles, and most free-standing furniture.
  • Food and Beverages: Outside food and beverages are prohibited while touring the property.
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2. Visitor Tracking and Safety: To ensure the safety of our clients’ property and personal belongings and the security of our real estate agents, all visitors are required to provide accurate and complete contact information. This information is used to track attendees and ensure accountability.

3. Digital Communications and Follow-Up: By providing your contact information, you consent to receive digital communications from our real estate team, including information about this property, future open houses, and other relevant real estate opportunities. These communications may include marketing or promotional messages, and we aim to keep them relevant to your interests.

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KT Realty
229 – 336 Bronte Street South
Milton ON L9T 7W6
[email protected]
1 (800) 617-0090

4. Prospecting and Sales Activity: Our real estate team may use your information for prospecting and follow-up purposes. We ensure these communications are conducted respectfully and aim to provide opportunities aligned with your interests.

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6. Acknowledgment: By submitting this form, you acknowledge that you have read, understood, and agreed to these terms and conditions. You agree to adhere to any additional requests or instructions the real estate agents provide to maintain a safe and secure environment during your visit.