(Closed) We bought a house….now we’re broke for the wedding

posted 8 years ago in Waiting
Post # 3
Member
10218 posts
Sugar Beekeeper
  • Wedding: November 2010

(Hugs) I am 29 so I feel the same urgency. Do you think you could host a small wedding at your house and let him cook for your guests and hire a wait staff to serve? Are either set of parents willing to assist with the wedding?

Post # 4
Member
4385 posts
Honey bee
  • Wedding: May 2011

first, congrats on the house purchase! it’s such an exciting time!!! 🙂

would you be able to have a small family only wedding ceremony (or even just the 2 of you), and then plan a bigger celebration for all your family and friends later, when you have more money?

Post # 5
Member
4466 posts
Honey bee
  • Wedding: June 2010

I would see what his expectations are re: the cost and size of the wedding.  Maybe you could scale it down a bit?

FI and I live in NYC so home ownership is a bit different (you need a very high percentage down payment, apartments are expensive, you have to pay maintenence fees, etc)  We’re doing things the other way around — getting married and maybe buying an apartment in a few years.  We’ve been living together for four years however.

Post # 6
Member
2695 posts
Sugar bee
  • Wedding: April 2010

We are in the opposite situation.  We both own our own homes and just listed his house.  We can afford both houses plus the wedding but what we are finding is that the banks won’t loan people $$ if the market price is above the tax appraised price.  So that means we would take a 20K hit just to sell his home!  We don’t want to lose money and if we do things would be tighter for the wedding.  We were hoping to sell the house to save some money for the wedding.  Who would have thought!

My point is this, get married now.  The housing and money problems are always going to be there.  If you wait then the next thing will be you want new furniture or need to put a new roof on the house.  Or buy a car.  You need to set a budget and work within that budget.

It is frustrating… but exciting to be so close to starting my family 🙂

Post # 7
Member
11327 posts
Sugar Beekeeper
  • Wedding: February 2011

I’m in a somewhat similar situation. We’re planning to buy a house in March 2010 and get married some time in the fall probably. I think what we’re going to do is just put the minimum down on the house, and start saving asap for a SMALL wedding. then after the wedding we’ll start paying over the minimum on the house to get up to 20% equity and eliminate pmi.

 

good luck!!

Post # 8
Member
4466 posts
Honey bee
  • Wedding: June 2010

Agree with vintage.  Also, there’s lots of things you “want” for a wedding, but aren’t always feasible.  For us, the guest list had to take a cut, and for you, it might be the gourmet food. 

Post # 9
Member
730 posts
Busy bee
  • Wedding: June 2010

just a thought…maybe if the super-catholic parents want him to be married so bad, they might be willing to pitch in financially for the wedding?

Post # 11
Member
339 posts
Helper bee
  • Wedding: October 2011

This may not be your style, but you can always just have a simple wedding now and have a nice 5 year anniversary dinner party with the food and fancy stuff later when you have the money.

Post # 12
Member
246 posts
Helper bee
  • Wedding: July 2011

I don’t think I could wait 5 years either. We don’t have the money to have the huge’ over the top wedding of our dreams. So were going smaller, and DIY, and sticking to our budget. At the end of the day, we’ll be married and have our friends and family there and that’s all that matters. It’s not worth the wait to me.

Post # 13
Member
111 posts
Blushing bee
  • Wedding: September 2010

wow 5 years is definately a long time! Just because you bought a house doesnt mean you should wait. A small wedding is always an  option or asking his parents for help might not be so bad either.

Post # 14
Member
255 posts
Helper bee
  • Wedding: October 2010

my FI and i are sort of in the same situation. we bought a house together last aug. we weren’t yet engaged or anything like that. at the time we bought our house, we had been togeher over 4 years. i had been bringing up the marriage thing for a while and we were looking at rings here and there.

six months after we bought a house, FI’s golf club membership (membership to one of the most exclusive country clubs around) comes through, so that was another huge chunk of money we spent..

we just got engaged a month ago (YAY!!!!! after 5 years together) and have set our date in next oct (double YAY!!!)… needless to say, neither of us have much money, but figure that we’ve got a year to save.

Post # 16
Member
1048 posts
Bumble bee
  • Wedding: September 2009 - City Hall

We bought a house in May and got married in Sept. How’d we do it? Our wedding cost $1500. I only spent money on important things. Photography and clothes, pretty much. Everything else worked itself out, and we couldn’t be happier as a homeowners.

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