(Closed) Are you taking out a loan to fund your wedding? If not, how will you pay?

posted 5 years ago in Money
  • poll: Are you?
    No - dipping into long term savings : (44 votes)
    33 %
    No - low budget : (32 votes)
    24 %
    No - parents are funding : (47 votes)
    35 %
    Yes - taking out a bank loan : (10 votes)
    8 %
  • Post # 3
    6360 posts
    Bee Keeper

    We are using our own savings. We’re not planning for it to be very big budget… that’s not our style. We should have savings left for other things like TTC.

    Post # 4
    9618 posts
    Buzzing Beekeeper
    • Wedding: April 2019

    Both sets of parents will be funding the wedding, or the majority of it anyway. Fiance and I will hopefully be able to pay for a honeymoon, our rings and we will definitely be buying our parents and bridal party very good gifts 🙂

    Post # 5
    1335 posts
    Bumble bee
    • Wedding: May 2013 - Kempinski San Lawrenz, Gozo

    I didn’t vote because I didn’t fall under any category.


    our wedding costs between 17K. We’re paying a portion of it from what we make (each month, some of our income goes towards the wedding). Over half of it is being paid in wedding gifts from all our guests combined. Though our families aren’t wealthy at all, they are generous. Here’s what we got so far (approx, since converted from euros)


    my parents – 4k


    his parents – 2k


    witnesses – around 1k x 2


    uncle in australia who won’t be coming to the wedding $500 


    Thank god we have such a generous family, otherwise we wouldn’t have been able to afford our wedding. Fiance has only been working for several months, so we’ve had to depend on my CRAPPY income (i’m a social worker) for the past 4 years, during which we’ve bought an apartment, leaving us financially crippled. 


    Post # 6
    1044 posts
    Bumble bee
    • Wedding: June 2014

    We are paying ourselves, so we set out a budget for the wedding and to save per month. We decided on a long engagement so that we can fund the wedding we want.

    There are certain things that we both want and will not compromise on so will probably have to cut the budget on other things. For example- chivari or ghost chairs would be gorgeous in my venue, but why pay $8+ per chair when the ones the venue provides are gorgeous. I absolutely refuse to go into debt for a wedding 🙂

    Post # 7
    447 posts
    Helper bee
    • Wedding: June 2013

    We are funding our wedding ourselves, and will be moving cross-country two weeks after our wedding and will be trying to conceive shortly after–we wanted to leave our savings untouched for those things.

    To help keep ourselves to a budget, my husband took out a loan from his retirement. There was no penalty and all interest is paid back into his account. 

    Post # 8
    1671 posts
    Bumble bee
    • Wedding: October 2014 - Church

    None of the options match what we are doing 🙂

    My parents are giving us a set amount, and his mom is giving us a set amount (both happen to be the same) – we didn’t ask, they just said “x amount will be available to you for your wedding”. We will be saving a certain amount ourselves. The monetary amount is actually more than 10k below the average wedding (is that still 25?) which allows us to have a nice and intimate wedding. I personally do not want to go into debt for a wedding when he will be going back to school sometime in the next couple of years (we already have enough debt that we are paying off without getting a loan :P).

    Post # 9
    1902 posts
    Buzzing bee
    • Wedding: July 2012

    My fiance and I are both saving/budgeting freaks! So we had just under $100K in the bank when we began wedding planning. On top of that, I refused to have an expensive wedding just because the thought of spending $20,000+ in a single day made me feel physically sick. Our wedding only cost about $8,000, so that was easily covered by our savings.

    Post # 10
    3297 posts
    Sugar bee
    • Wedding: August 2013 - An amazing non-profit retreat

    We have been putting chunks of money aside since last October, I got a good sized tax return (1500) and my dad has contributed 1000.

    Post # 11
    458 posts
    Helper bee
    • Wedding: August 2013

    We have primarily focused on cutting back our day-to-day expenses and saving as much money as possible. We now spend less than $2,000 a month (including everything! rent, groceries, gas, shopping), so every dollar we’re saving is going toward the wedding. We will have been engaged for a year and a half when we get married, so we’ve just been socking away as much as possible.


    I’ll also add that we’re cutting as many wedding costs as we can (it’ll be about a 25k wedding with 250 guests, not exactly low budget, but not terrible), and my parents have graciously given us about a third of the cost as a gift. So a little bit of All of the Above!


    But definitely no loans. We’d forgo cake or programs or professional photography or whatever else we had to to avoid loans.

    Post # 12
    1497 posts
    Bumble bee
    • Wedding: June 2013

    A combination of things:

    Our parents are paying a set amount, it’s low budget, and if we go over, we have savings. 

    Post # 14
    648 posts
    Busy bee
    • Wedding: November 1999

    My parents are covering the wedding ($20,000-$30,000), and my Boyfriend or Best Friend and I are covering the honeymoon ($7,000).

    Post # 15
    3572 posts
    Sugar bee
    • Wedding: June 2011

    We had a tiny wedding just us, which was what we wanted and could afford. 

    Then when our financial situation changed (we knew it was changing dramatically when we got married), we saved up and had an anniversary party a year later for friends and family. 

    It was super fun and everyone had a good time. We did a lot of things ourselves to keep it relative cheap. I still think it turned out beautiful though!

    I wouldn’t reccomend taking out a loan for a wedding. Marriage is often stressed by money, so I personally think it’s unwise to add financial strain going in. 

    Post # 16
    1975 posts
    Buzzing bee
    • Wedding: November 2013

    I didnt vote because there is no catorgory for me. Our wedding (including honeymoon and rings) is now looking at coming in at $27k

    We are paying for it all ourselves (it is our wedding afterall) and havent dipped into savings at all either, in fact a month ago we bought our first home which is where our savings has went.

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