(Closed) Need help/advice to finance FI’s wedding gift!!

posted 8 years ago in Gifts and Registries
Post # 3
Member
57 posts
Worker bee
  • Wedding: July 2010

Sorry, but IMHO that is a HUGE gift. With a wedding, etc, you are most likely already strapped for cash. You don’t want to start off a new wedding in debt!

Also, you’re new to credit–if you aren’t sure, I would not take the plunge on SUCH a huge purchase. What about opening an ING account and saving money for a year and making it your first anniversary gift? Isn’t the first anniv. traditional gift paper? You could get him some sheet music, then surprise him with the guitar then!

Post # 4
Member
1580 posts
Bumble bee

I LOVE dpillai’s idea!!!!! Totally love the sheet music paper gift and then surprise him!

I agree you should save up the money and then purchase the guitar with savings. The only other option I can think of would be to take a personal loan from a family member if anyone is willing, but that can get messy.

Post # 6
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

I’d definitely save for a year…..but I wouldn’t buy something you can’t afford right now. No matter how much your FI would love the guitar, he won’t like that you’re paying it off so extensively AFTER you’re married. What if something happens?

Post # 8
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

Is there something else he’d really like?

What about a cool book all on vintage guitars and stuff? Or maybe my Dh is the only one who likes stuff like that, lol

 

Post # 9
Member
11327 posts
Sugar Beekeeper
  • Wedding: February 2011

Maybe I’m way too practical, but to me “happy wedding! I’m getting us started 2k in debt!” is not the best wedding gift ๐Ÿ™‚ I mean… your debt is going to be his debt too right? I would not be so pleased if my FI put us 2k in debt right before the wedding. I think saving for a year and buying it with no debt would be a WONDERFUL gesture. 

Post # 10
Member
2475 posts
Buzzing bee
  • Wedding: June 2010

Ditto on what CorgiTales said.

Also, keep in mind that there is usually a fee if you transfer money from one card to another.

Post # 11
Member
57 posts
Worker bee
  • Wedding: July 2010

@Jacqi Thanks ๐Ÿ™‚

An ING account is just a savings account with pretty good interest rates. It’s easy to use–my favorite personal finance blog, iwillteachyoutoberich.com, turned me on to it. You can set it up to take money out automatically, so you don’t even have to think about it!

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