Post # 1
My FI and I are 5 mths from the wedding and very short on funds. His solution is to try and borrow money from wherever to meet the budget; I think we should cancel some things (like our videographer, for example).
The thing is, I LOVE our videographer and my FI doesn’t want to give anything up… but I think it might be unavoidable.
Anyone else have to do some relatively last-minute cutting from the wedding day plans due to a budget crunch?
Post # 3
How short are we talking? (What %?)
Post # 4
Probably borrowing is not a good idea. However, if you are pretty sure you can pay the money back in a short period of time, it’s not necessarily a terrible idea. FI and I are having some unexpected non-wedding-related expenses – he has hurt his back and is having to go to physical therapy, and that also means that we will probably have to hire some of the work necessary to get his house ready to sell, rather than doing it ourselves. I suppose we could think of those expenses as making it necessary to back off on some of the wedding spending, but in fact we are putting it on a credit card and counting on the money from the sale of the house to pay it back. The total is less than 10% of what we expect to net from the sale of the house, and our realtor assures us that comparable properties are generally on the market less than 50 days, so it seems like a good bet. However, if we weren’t looking at that cash windfall by some time in August, I think we would do things differently.
Post # 5
We are like 60% short… BIG shortage… and I’m unemployed, looking for work – have been looking for three months now.
Post # 6
It seems like you have a LOT of things going on that make borrowing MORE money a huge risk. I would definitely be panicking and cutting. And can you get a temporary job while searching for the right job, like Starbucks or temping?
Post # 7
Please don’t borrow. I completely agree with Vyeta. And scale back your wedding, if possible. If you can’t hire a videographer, maybe see what it costs for them to film it and edit it later. Or even get one of your guests to videotape the ceremony (in my family, that happens anyway!). Nix things that aren’t essential to the wedding (favors, bridal attendant flowers , full open bar [beer and wine are totally fine]). I also think a job at Starbucks would be good!
Post # 8
Agreed. You don’t want to start off your marriage in debt. Money is the number one cause of arguements isn’t it – so you don’t want to add any fuel to that fire.
I agree get a job at starbucks or waiting tables for the short term. May even keep this up at night/weekends if you do get a 9-5 job – just to bring in that extra cash for the wedding. Can fiance pick up an extra job to bring in some extra money – mowing lawns or something? Every little bit will help.
I think you guys can definitely look at things in your wedding and scale back. Maybe go with less expensive flowers or smaller arrangements? Or buy wholesale. No programs. No favors. Beer/Wine only if your having an open bar. The most important part of the day is your friends and family sharing in your happy moment as the two of you become husband and wife – not all the little details. You two should pick the 2/3 things that are most important – and be willing to cut corners on everything else.
Having the videographer just video the wedding now and possibly paying for the editing costs in a couple months is a great suggestion! You might also be able to work a deal like that with the photographer if you are paying them to do an album.
Good luck and just make sure you and fiance stay on the same page as to what’s important 🙂