As 'wedding loans' soar, here's how to spend smartly—so you're not married to debt.
Summer is the season for weddings, an often once-in-a-lifetime event that can bring both joy and financial stress for couples.
Mary Naklicki decided to take out a $10,000 loan earlier this year for the wedding of her daughter, Dianna Naklicki. "I got married in 1977, so it was $10 a person back then," she said."Today, it's $110 [per person], so just to give you an idea." Wedding loans have become more common as more couples opt to pay for their own weddings, experts say. In the Naklickis' case, Dianna said she wishes her parents had not borrowed money to pay for her wedding, but she also sees the financial reality of their situation.
"Put effort into the marriage, not the wedding," Cruze said Monday on"GMA.""You have to be really careful when you you’re going into this process to say, ‘Okay, what can I afford?’"
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