(Closed) How are you financing your wedding?

posted 7 years ago in Money
  • poll: My wedding is being paid with:
    100% cash : (52 votes)
    43 %
    100% credit : (1 votes)
    1 %
    100% pre-existing funds (old savings, gifts, inheritances, etc) : (11 votes)
    9 %
    A mix of cash & savings : (27 votes)
    22 %
    A mix of credit & cash : (14 votes)
    12 %
    A mix of savings & credit (no current savings) : (3 votes)
    2 %
    All three! : (13 votes)
    11 %
  • Post # 3
    3601 posts
    Sugar bee
    • Wedding: January 1992

    @MissNumbers: We’re paying as we go from our bank accounts (paypal, debit, check), but it’s all from money we have at that moment– no debt.

    Post # 4
    686 posts
    Busy bee
    • Wedding: May 2012

    We’re using credit cards to gather points for our honeymoon, but paying off the cards in full each month.

    My father’s said he’s giving us some money, which as a young 30-something with a condo I see as totally unnecessary.  But he’s kind of flaky anyway, so this may never materialize.  Ha.

    Post # 5
    3314 posts
    Sugar bee
    • Wedding: October 2010

    My parents paid for the wedding.  They gave us a flat sum – cash – that we had in our bank account and could use however we wanted when we needed it.  We used about 1/3 of what they gave us.  🙂  We went into the wedding with no debt and came out of it with no debt.  😀

    Post # 6
    4355 posts
    Honey bee
    • Wedding: June 2013

    Some cash, some inheritance, some gifts from parents, and likely a little on our line of credit which is incredibly low interest and requires interest only payments because Fiance works at a bank so we wouldn’t get gouged for using it .

    ETA- we are definitely having everything possible charged to our credit card though because we have a travel visa and will be using the points for our honeymoon.

    Post # 7
    2600 posts
    Sugar bee
    • Wedding: June 2011

    Our contributions are cash – our rings, photographer, dj, florist, invitations, save the dates, little extras throughout the day, cocktail hour open bar.  We don’t have credit cards so it’s all on debit cards, and Fiance cashed out an old savings bond stash he had just the other day.

    My parents contribution that was originally offered to pay the entire wedding has been reduced to only food & site fees (which are both heavily discounted as it’s at my work) and my dress (which was unexpected).  They’re using a combo of a cc with points that will be paid off before the wedding and cash reserves.

    Alterations start Tuesday, we shall see who picks that tab up.

    We won’t have any more debt going into the wedding than we did prior.

    Post # 8
    11325 posts
    Sugar Beekeeper
    • Wedding: February 2011

    If you consider our wedding budget as including our wedding rings and honeymoon, we paid 2/3 and my parents paid 1/3. We paid “cash” (i.e. paid of cc at the end of every month) for everything from our portion by saving money out of our monthly paychecks. We saved for about a year. My parents did the same and gave us a few installments of cash as they saved it from their paychecks. Both we and my parents had savings but we didn’t want to touch savings if we could just pay out of our paychecks. My DH’s parents paid for our rehearsal dinner (cash I assume? It was not very much). 

    So we went into it with no debt and came out of it with no debt (ya know other than house, cars, student loans… lol)

    Post # 9
    3257 posts
    Sugar bee
    • Wedding: October 2011

    We are paying for everything with money we already have. We are being frugal because we don’t want to be in debt because of the wedding! The only help we are getting from our parents is that his parents are paying for the food at the reception and my parents are paying for the cake. Otherwise we’re doing it on our own. 

    Post # 10
    861 posts
    Busy bee
    • Wedding: September 2011

    Trying to make it 100 percent debt-free!

    Post # 11
    5096 posts
    Bee Keeper
    • Wedding: June 2011

    Our three sets of parents are splitting the cost equally, and they’re all paying cash, bless them. (And yes, we are grateful beyond words.)

    Post # 12
    14336 posts
    Honey Beekeeper
    • Wedding: June 2011

    Preexisting savings to the rescue.  We just got a house last year so there been little “new” savings – not enough to pay for the wedding, but I’ve always been a really good saver so there’s no worries about having the funds for it.

    Post # 13
    3378 posts
    Sugar bee
    • Wedding: December 2011

    I voted 100% cash, with the understanding that many expenses will actually be paid on credit cards but will be paid off each month.  We actually aready have all the funds for the wedding, but we’ll be able to get points/cash back by using cards, so why not take advantage of it (where we can’t get a discount for paying cash)?  The breakdown of the budget is about 40% from my parents, the rest from us, and honeymoon considered separately (his parents are giving us a check for the honeymoon and savings).  It is unacceptable for us to go into debt for the wedding.

    Post # 14
    2522 posts
    Sugar bee
    • Wedding: November 2013

    We’re hoping cash and savings.  We’re having an itty bitty tiny ceremony b/c of it.

    Post # 15
    3520 posts
    Sugar bee
    • Wedding: March 2012

    I’m being very frugal and paying for this a little at a time.  Caterers will be the last to be paid next year, but I’m putting $ into my savings account for it every paycheck.  I’m lucky to come from a culture where people give money at the Buddhist ceremony, so the expensive nighttime banquet will pay for itself.

    Post # 16
    798 posts
    Busy bee
    • Wedding: June 2011

    My parents sold the family cottage a couple of years ago, and gave my siblings and I a share of the money – the bulk of the wedding will be paid with that. 

    The topic ‘How are you financing your wedding?’ is closed to new replies.

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