Post # 1
i’m getting myself so stress, requested an esimate cost from our wedding venue and reception, with those i added up the entire overall cost of what we anticipate to pay out. i am freaking out!
the overall amount comes to just short of £8,000 ($12,500).
we are getting married in september leaving 6 paydays left, my FI works as an electrician for a big chain company. i dont work as i stay at home and look after our baby.
there is very little we can budget on as we have already paid deposit and half payments to most of the things for our wedding ie, photographer, venues, rings.
we only got engaged in November 2011, and all our family thought we were rushing it having a 10 month engagement/wedding planning.
we have no savings and one credit card with about £2000 left on it. i am getting so worried about what to do.
Anyone ever get into the same mess as me, any advice would be helpful. i do realise how daft we have been. i know it will all work out eventually but need a little guidance as money wise we are both stupid.
thanks bees! x
Post # 3
talk to your v endors and see if you can move the date out and they can keep their deposit?
And, can you get a part time job? I know you have a little one, but maybe babysitting another baby?
Or in a daycare where your own kid can come? Or weekends when FI is at home and you can waitress or work in retail. Its only for a few months and is the preferable choice over maxing out a credit card.
Post # 4
I think everyone planning a wedding starts to stress about money. You just have to take it one day at a time and save every penny possible. Cut down on anything you possible can. Have your FI bring his lunch to work, make your meals at home, stay in as much as you can, and avoid anything that may cause you to spend money on unnecessary items. While the next 6 months are going to be boring and stressful it will all be worth it when your big day comes.
If there are still things that you cannot not afford you may have to do a little cutting back. For example, you may have to cut some of the guests off your list, or cut back on the amount of food, don’t buy wedding favors for the guest, etc. There are many small things that add up to a lot of money in the end that you may end up having to cut.
Post # 5
What was your original budget? How much have you paid and how much do you have left that you owe?
Post # 6
@lefeymw: Those are all great suggestions.
Like she said, talk to the vendors and see if you can push back the date. That way you wouldn’t lose your deposits, and your family wouldn’t say you’re “rushing” it either (Not that that’s reason enough to push it back). Maybe pick up a side job babysitting or on the weekends when FI is off work? You’d be able to see eachother less but it wouldn’t be permanent and would help get extra money. Another option, although not ideal, would be to take out a personal loan. You could start paying it off now and commit to paying a certain amount off monthly, and then not have to stress anymore about where this wedding money is going to come from.
The good news is, 12,000 total when you said you’ve already paid about half should mean you only have 6,000 left which isn’t too big of a loan or too much to save if you get a part time job. Don’t stress you’ll make it work! And if you can’t come up with the money, you can always push back the date!
ETA: I saw another PP’s post suggested cutting back expenses from now until the wedding. I didn’t think of that since I don’t think it’d be enough to cover the expenses you need, but I think it’s a great suggestion if it would be able to cover the amount you need!
Post # 7
tiffybear – our original budget was actually even more it was £10,000 ($15,700), as my dad said he had some savings (£5000) to fund the wedding but my auntie died and instead we used the money to fund the funeral and had to pay off some of her debts. me and FI thought we would manage ok but i think everythings just got on top of us.
we have £5883 left to pay, ideally everything needs paying by september 1st as we are tied into contracts.
My fiance works away a lot and sometime on weekends so getting a job is difficult when trying to arrange childcare.
i think the only way is to do as shannonh32 has suggested and have a very frugal six months
Post # 8
Definitely be frugal with your expenses for the next several months. Can you try to call the venue and other vendors and negotiate the prices down a little? Let them know that your financial situation has changed (if you explain what happened with a family death that might make them more understanding). The worst they can say is no, but it wouldn’t hurt to try. I’m not sure if you’ve already paid for decor, but I’d try to skimp on that stuff as much as possible and DIY as much as you can. Taking out a loan for a wedding would be a bad idea, so I’d suggest doing everything you can to live lean. If you are willing to change your wedding date, it would honestly be the best idea to push it back a bit to give yourself more time to make more money and would give you some breathing room.
I’m really sorry to hear about your Aunt =o( My condolences