Impact of Financial Education on Wedding Spending Behavior

Abstract

Investigates the effect of pre-marital financial education on wedding spending behavior among engaged couples. Against the backdrop of growing financial pressures and escalating costs associated with modern weddings, the dissertation addresses a critical gap in understanding whether financial literacy can enhance budget adherence and reduce financial stress during this significant life event. Utilizing a quantitative research design, data were collected from 30 diverse engaged couples using structured questionnaires that measured demographic characteristics, participation in financial education, actual and planned wedding expenditures, and perceived financial stress. Statistical analyses, including mean percentage difference calculations and chi-squared tests, compared spending patterns between couples who had received financial education and those who had not. The results indicate that couples with pre-marital financial education exhibited significantly better budget adherence and reported lower financial stress post-wedding. Findings underscore the importance of integrating targeted financial education into pre-marital counseling programs to foster financially prudent decision-making and mitigate the risk of overspending. This dissertation provides empirical support for educational and policy interventions aimed at promoting financial well-being and marital stability during the wedding planning process.