Big wedding or down payment on home?

posted 3 years ago in Money
Post # 5
Member
4043 posts
Honey bee

@Soontobemrsflavia:  I think it depends on your life goals and circumstances. Are you certain you will stay in the same place for the next 5 to 7 years? do you have the money or is it an amount your parents are giving you (are they open to non-wedding uses of the money)?

We decided on a budget that we were comfortable with and wouldn’t jeopardize our financial future/goals. Having a wedding was important for us so we could celebrate with friends and family. Now we are saving more for a down payment on a house.

You should both decide what is important to the two of you.

Post # 6
Member
483 posts
Helper bee
  • Wedding: October 2014

@Soontobemrsflavia:  I would do the smaller money and use to money for a home. A big wedding is great and all but I rather have the investment of a home and the marriage with the guy of my dreams. I might be a bit bias tho because I would never spend a alot of money on a wedding when there is things IMO tht are more important to spend the money on. I have a big family too so I understand. I don’t seem to want the big wedding tho and sense you aren’t I would use the cash on your home with your guy :).

 

Post # 8
Member
6812 posts
Busy Beekeeper
  • Wedding: June 2014

Who is paying for the wedding and who is paying for the down payment on a home?

My parents are helping me out with the wedding (budget: $15k, bc I too cannot justify spending too much on one day – and our guest list is very small, 60 invited, expecting about 30 – doing a small, intimate destination wedding, bc I don’t want to pay for a lot of people I don’t want there celebrating with me, etc).  But, I don’t think that they would give me $15k and say, “Here, take this for your home instead” – they are offering to help pay for the wedding, not offering to help buy a home. So, either I take the money and have a wedding, or I get nothing free.

But, if I had to pay for both myself, I’d elope.

Post # 10
Member
6812 posts
Busy Beekeeper
  • Wedding: June 2014

@Soontobemrsflavia:  If your parents are paying for anything you want, then I don’t really know why you feel like you need to pick? I’d honestly get a down payment on a house secured first and then get married – only bc I’d be afraid my parents would back out (not that it’s like them to do so, but bc it just happens sometimes, people change their minds, run out of money, or whatever the case may be). If your parents require marriage first, I’d have a small, secret ceremony with just both sets of parents, then get the house and spend some time planning the wedding after that. You’ll find that as you grow, your tastes will change and unless you’re looking to have kids anytime soon, there’s no rush in having the wedding itself for a while, really. That’s just what I would do though.

Post # 11
Member
127 posts
Blushing bee
  • Wedding: September 2015

@Soontobemrsflavia:  I’m not married yet, but we have decided not to have a huge wedding party, and to just go to the courthouse and get married. We have the same idea in mind- we would rather put all that money towards a down payment for a home.

Post # 12
Member
1373 posts
Bumble bee
  • Wedding: June 2015

For me that would be a no brainet, especially if someone was offering to give me the money! Down payment on a house all the way.

Post # 13
Member
2059 posts
Buzzing bee
  • Wedding: April 2013

This is a no brainer. house will set u up for the future. Wedding is 1 day. 

down payment on house without a doubt

Post # 14
Member
5087 posts
Bee Keeper
  • Wedding: April 2014

Honestly have a smaller wedding & use the rest on a down payment. Having a home is important. 

Post # 15
Member
361 posts
Helper bee
  • Wedding: December 2013

Definitely a down payment!  My brother and his FI are getting married in about six months, and this weekend she was planting flowers in their new front yard!  Totally envious.  Go for the house!

Post # 16
Member
811 posts
Busy bee
  • Wedding: March 2013

We had a nice wedding that was under 10k and used our money to buy a house about 4 months later.  Totally made the right decision for us!  I can live in this house every day, but the wedding, even though it was lovely, was just one day. 

Good luck!

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