NerdWallet has conducted a survey to over 1,000 married Brits to find out the true cost of being in a relationship.
NerdWallet have surveyed over 1,000 recently married Britons to reveal the dream locations for a proposal, wedding and honeymoon. This was part of a wider campaign to reveal how much it 'costs to be in love' in the UK.
They found:
The top 5 dream proposal locations in the UK
- The Lake District
- Cornwall
- The Scottish Highlands
- Edinburgh
- The Cotswolds
The top 5 dream proposal locations worldwide
- New York, USA
- Florence, Italy
- Paris, France
- Santorini, Greece
- Bali, Indonesia
The top 5 dream wedding locations in the UK
- St Ives, Cornwall,
- Isle of Skye, Scotland
- Edinburgh, Scotland
- The Cotswolds
- London
Respondents also revealed their dream wedding locations outside the UK, which include the Amalfi Coast in Italy; Maui, Hawaii; Bali Indonesia, as well as Florida and New York in the United States.
The the top five destinations in the world for a honeymoon
- Maldives
- Maui, Hawaii
- Santorini, Greece
- Puglia, Italy
- Kyoto, Japan
Traditionally, an engagement ring is meant to be worth the equivalent of a three-month salary, however, this is a thing of the past, with nearly 60% admitting that their ring cost less than that and the average ring costing £1,394. So which cities are spending the most on a ring?
- Edinburgh – £2,588
- London – £1,907
- Liverpool – £1,719
- Glasgow – £1,694
- Cardiff – £1,670
Two of Scotland’s biggest cities sit in the top five spending the most on an engagement ring, with Edinburgh spending over £600 more than any other city. Sheffield spends the least at just £794.
For the big day itself, Londoners take the crown, splashing the most on their wedding at an average of £9,680. Birmingham ranks second spending £8,200 and Belfast at £8,184. Brighton spends the least on the big day, at £5,618. While spending your money to buy wedding rings you should look at the quality and range too. Moissanite, unlike diamonds, are incredibly environmental friendly. And they have no history with many of the concerns that ethical jewellery seekers are concerned about.
The most popular destinations for those key romantic moments
Unfortunately, many wedding plans were impacted by COVID-19 this year. But the UK is home to some romantic spots, which are still perfect for a gesture of love. We asked people across the country what their ultimate destination and UK-based location would be for the following milestones:
|
Worldwide / UK |
Top Proposal Destinations |
Top Wedding Destinations |
Top Honeymoon Destinations |
|
Worldwide |
New York, USA |
Amalfi Coast, Italy |
Maldives |
|
UK |
The Lake District |
St Ives, Cornwall |
The Scottish Highlands |
|
UK |
Cornwall |
Isle of Skye, Scotland |
The Lake District |
|
UK |
The Scottish Highlands |
Edinburgh, Scotland |
Cornwall |
Whilst it may not be the Maldives, which is the UK’s top honeymoon destination of choice, spending an average of £3,156, the UK can offer an affordable and picturesque alternative.
So, how much does being in love cost you?
NerdWallet comments: “Being in love can be more costly than you think, with people in a relationship looking to celebrate these major moments and needing to save over £10,000 on average to fund them all as a result. Having said this, these costs are often spread out across a number of years, and there are many ways to help finance them, from help from friends and family, to taking out a personal loan. With so many individuals looking at what the right amount is to spend, this research provides a great guideline to find out what other people across the country are doing.”
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
