Allison Pohle

speaker

908 appearances 18 recordings 1 series first heard Apr 2021 last heard Dec 2024

Allison Pohle’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · The Hidden Costs of Postponing a Wedding, and How to Avoid Them · 20 Apr 2021 podcast

Yeah, absolutely. voice-verified

The couples that I talked to often had thousands of dollars outstanding in deposits that they're not able to get back. voice-verified

So one couple who I spoke to, they decided to have a smaller wedding because they canceled their original event. voice-verified

And they lost about $6,000 in the process from outstanding deposits from... voice-verified

some of their vendors who are not performing services at the new event. voice-verified

Yes. voice-verified

So for couples who are planning to go ahead with the wedding and still have it, they need to have, in most cases, a smaller number of guests because they're not allowed to have hundreds of people and comply with social distancing and mask-wearing rules. voice-verified

which means that they might have fewer expenses when it comes to feeding the people who do attend, but they might still be on the hook for some of those services like the DJ and the florist, which are charging a flat rate. voice-verified

Other people might decide it's not worth the expense and they're canceling the event entirely. voice-verified

And some couples I spoke to are choosing to allocate money that they would have spent on a wedding voice-verified

to other financial priorities, such as buying a house. voice-verified

So one couple I spoke to rescheduled their wedding twice, decided they weren't going to do it anymore, and bought a house instead. voice-verified

That's right. voice-verified

Absolutely. voice-verified

They had had enough of rescheduling. voice-verified

So it's not likely that they'll get a full refund, but a lot of vendors are offering their services at a different date. voice-verified

So if they are available on the new date, what they'll do is give a credit and say, even though I couldn't perform these services for your initial event today, voice-verified

I'll give you a credit so we can reschedule for a later time. voice-verified

In terms of making it more likely to get the money back, the best thing that couples can do if they'd like to save money is postpone. voice-verified

So ultimately, they'll be able to use those services in the long run. voice-verified

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