Is it abnormal to take a loan for your wedding?

posted 3 years ago in Money
  • poll: Did you take a loan for your wedding ?
    Yes, I regret it : (2 votes)
    1 %
    Yes, I recommend it : (4 votes)
    2 %
    No, I wish I did : (0 votes)
    No, I recommend you dont : (206 votes)
    97 %
  • Post # 2
    Member
    405 posts
    Helper bee

    It is a very bad idea to go into debt for a one day party.  

    Post # 3
    Hostess
    2920 posts
    Sugar bee
    • Wedding: April 2014

    I would not do that for anything. However, my sister did. She had a $45,000 wedding that she paid for herself (my mom gave her a very generous gift).  She paid that wedding off for like 5 years. That is ridiculous in my eyes.

    Post # 4
    Member
    8425 posts
    Bumble Beekeeper
    • Wedding: April 2013

    I don’t know if it’s normal or abnormal, but I wouldn’t do it.  There are only certain things I’d be willing to take a loan for like a mortgage or something with 0% financing, other than that I just couldn’t bring myself to do it.

    Post # 5
    Member
    5697 posts
    Bee Keeper
    • Wedding: August 2012

    YEEEIIIKES! You’re 20 with no job and you want to take out a loan to cover a party…. always a bad idea. No wedding is worth going into debt over. 

    Post # 6
    Member
    3737 posts
    Sugar bee
    • Wedding: October 2013

    luot:  You have the wedding you can afford. End of story.

    Post # 7
    Member
    432 posts
    Helper bee
    • Wedding: May 2015

    It is a bad idea to go into a marriage already in debt. You make do with what you can afford If you want If you want a large wedding then I suggest you save and set a date that allows enough time to save for what you want.

    Post # 8
    Member
    1140 posts
    Bumble bee
    • Wedding: Seattle, WA

    You will regret it!

    Post # 9
    Member
    2419 posts
    Buzzing bee
    • Wedding: May 2013

    Your dream wedding is the wedding that you can afford. Not the one that leaves you in debt. That’s the wrong sort of dream altogether – a nightmare!

    Post # 10
    Member
    42510 posts
    Honey Beekeeper
    • Wedding: November 1999

    It may not be abnormal, but it is definitely ill advised. No one should go into debt for their wedding.

    Post # 11
    Member
    3874 posts
    Honey bee
    • Wedding: September 2012

    Normal? No idea

    Bad Idea? Definitely

     

    I’m just thinking what if I don’t enough mobey to get everything that I want? You wait until you can pay for your dream wedding or you revise your dream wedding to fit your means.

    To be honest, this comment tells me you’re not at the right time for marriage yet – when you are, the person you are marrying and the life you’re building together will be much more important than “getting everything you want” for the wedding. Don’t forget, also, that if you take out a loan, you’re sending your new spouse into debt is well. What he/she wants will be important, too!<br /><br /><br />

    Post # 12
    Hostess
    8680 posts
    Bumble Beekeeper
    • Wedding: October 2014

    I wouldn’t go into debt for my wedding, we gave ourselves 2 years to pay everything off [from the time we got engaged, to the wedding date]

    Post # 13
    Member
    139 posts
    Blushing bee
    • Wedding: October 2014

    Although I agree that it is ill advised me and FI had to take a small loan to cover the remainder of the wedding. For unforseen circumstances (family drama, new job, mortgage) there was a small portion of the wedding that we just couldnt find the money for. We were engaged for over 3 years saving up for the wedding however things do come up and when you have made commitments to vendors you cant cancel them without losing as much, or more money then you had initially promised.

    Post # 14
    Member
    13012 posts
    Honey Beekeeper
    • Wedding: June 2011

    I’d only take out a loan if it was more beneficial to do so than say using cash that i had invested.  If I had no money and the loan would be true debt, hell no, I would not.  I can’t imagine going into debt for a party.

    Post # 15
    Member
    3344 posts
    Sugar bee
    • Wedding: April 2013 - Rhode Island

    It is absolutely a horrible idea.

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