Wonderous Life Plan
Getting married is an important milestone in life, which symbolize perfection and romance, therefore a perfect and memorable "Dream Wedding" is of prime importance. However, many couples are wondering how to save money to pay for the wedding expenses.ESDlife - the No.1 wedding information website in Hong Kong conducted the "2012 Wedding Expense Survey" and successfully interview 1,768 couples which have planned their marriage in 2012 - 2014 to gain more information on their expenditure and consumption patterns.
The survey revealed that the average wedding expenditure marked a record high , in which the average expenditure soared 35% from $209,298 to $282,317 from 2007 to 2012.
Wedding Expense
| Item Expense | Average Cost (HKD) |
|---|---|
| Wedding Banquet | $147,173 |
| Honeymoon Trip | $34,339 |
| Photography | $20,969 |
| Wedding Ring and Jewellry | $43,323 |
| Others (include wedding dress purchase or rent, wedding photography and video, makeup and hair) | $36,513 |
| Total | $282,317 |
Welcoming a New Family Member
Besides taking a lot of effort and time, a lot of financial input is needed in raising children. After several financial turmoils, expectant parents are more cautious in family planning. If you choose to give birth to your baby in Hong Kong private hospitals, the expenses from pregnancy to the first year after the baby is born amounted to over HKD170,000!
Estimated Expense for First-year
| Item Expense | Average Cost (HKD) |
|---|---|
| Caesarean Delivery Service (Hong Kong Private Hospitals)* | $40,312.5 |
| Childbirth and Delivery Cost | $25,000 |
| Medical Expenses and Antental Checkup | $20,000 |
| Postpartum Recuperation | $6,000 |
| Baby Food (Formula) | $11,500 |
| Baby Food | $22,000 |
| Family Assistant (include application fee and insurance) | $50,420 |
| Total | $175,232.5 |
The information as shown on this website is hypothetical and for reference only. It is not intended to constitute a recommendation or advice to anyone and is not intended as a substitute for professional investment advice.
