Post # 1
I know I’ve been overly posting lately…my apologies. I guess I have just been scatter brained!
My FI and I have been planning on going on this great honeymoon ($6,000 budget) right after the wedding and then saving for a year to buy a home. Lately, however, we have been thinking maybe we should use that money to buy a home and go on a smaller honeymoon?
What do you think would be the best thing to do? Right now we live in a small, one bedroom apartment so it would be NICE to have a home…but it would also be nice to have a grand honeymoon, hah.
Post # 3
@amandasouthcarolina: I’d go with the home all day!
Post # 4
@amandasouthcarolina: you can always go on a grand honeymoon later! I’d spend half of that (or less if you can find something great!) on a nice honeymoon and put half towards savings for the home!
Post # 5
@soontobemrsm11: this is true…i’ve started looking into cruises. cliche but SO cheap. hahah.
Post # 6
Hmmm… I think it would depend on how much other money you have to put down on a house, how long it would take for you to save, and your overall budget for a house. Is a few thousand dollars really going to make a difference? If you can make up the difference in a year, I’d do the honeymoon. But if it’s going to take you several years to put away $6K, then I might look to put it towards a home.
Post # 7
Def buy a home! I was paying double in rent what we pay for a mortage now!!! A home is great investment.
Post # 9
This is what I was thinking as well. How long will it take you to put $6k away? How much of a time difference will it make if you put it away versus spending it on a honeymoon?
Post # 10
@MrsBeck: yeah it will probbaly be at least another year if we wait to buy…
Post # 11
@amandasouthcarolina: Buy a home… it lasts longer. You will have lots of time to go on a vacation.
Post # 12
A home is forever, a honeymoon is just a fun memory. I would take the home
Post # 13
The honeymoon would last max 2 weeks, right? Then when it’s done you might think “oh shit… now we have nothing to look forward to for a year!”.
I would take a cheaper honeymoon and buy the house. Once you’re settled in you can save up for a bigger trip.
Post # 14
@RunsWithBears: I completely agree.
We did a pretty nice/pricey honeymoon, but that wasn’t the make or break point for us for buying a home. We would have needed to save for a few years either way.
On a personal note, I’m glad we took the big honeymoon, as now that we’ve been married for two years, it feels way more difficult for us to justify that kind of expense on any other vacation, haha! It was worth it to me, and it didn’t interrupt our timeline really.
Post # 15
- Wedding: May 2013 - Pavilion overlooking golf course scenery, reception at banquet hall
Home!! We spent a lot of time in our room on the honeymoon anyway, and it would have been a waste of a trip if we did a honeymoon-extravaganza in Italy or something. You’re gonna be exhausted right after the wedding. As a suggestion, there are often 7-day Caribbean cruises by Carnival you can get under $2000 for a nice sized room with window.
Post # 16
@amandasouthcarolina: then I would buy a house. I would rather have a house than an expensive honeymoon 🙂 maybe farther down the line you guys can go on a big trip.