If you have clients who are single or dating, let them know that impressing and marrying that special someone can cost more than $50,000, finds a new RateSupermarket.ca survey.
For the third year, the website crunched the costs that are typically associated with a one-year dating period, a one-year engagement and an average wedding.
And, overall, it found the price of romance has risen 11.4% year-over-year.
In a breakdown, the website explains one-year dating periods often include:
- up to 50 dates that cost between $15 and $200 dollars each (about 12, on average, are fancy dates, while the rest are coffee or movie dates);
- weekend getaways that cost a few hundred dollars each;
- Bigger annual vacactions that cost more than $1,000/person; and
- Small expenses such as flowers and gifts for special occasions, such as anniversaries and Valentine’s Day.
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Then, one-year engagements can include all of costs above, as well as costs of buying engagement rings and throwing celebratory parties. Finally, the average wedding in Canada costs more than $31,000, according to 2014 Weddingbells survey.
For a full expense breakdown, click here.
“As the cost of food and travel [increases], especially amid today’s low currency environment, our findings underscore the importance of being financially prepared for life’s milestones,” says Penelope Graham, editor at RateSupermarket.ca.
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