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Wedding Debt

posted 9 months ago in Money
  • 1 Members Subscribed To Topic
  • poll: Debt?
    No Debt; paid for it by ourselves : (43 votes)
    31 %
    No Debt; paid for it with partial help : (45 votes)
    33 %
    No Debt; paid for by parents : (22 votes)
    16 %
    Less than 1k : (7 votes)
    5 %
    2k - 3k : (9 votes)
    7 %
    3k - 6k : (7 votes)
    5 %
    6k + : (4 votes)
    3 %
    Other? : (0 votes)
  •  
    1.
    Member
    326 posts
    Helper bee
    bonsai_spork    October 1, 2011   Wisconsin

    Will you have it, specifically caused by the wedding?

     

    I'm just curious about the situations people are getting into with their budgets.

     

    We're paying everything ourselves, I thought we would be able to be debt free come the wedding, but it looks like we will have about 2k on the CC right after the wedding, but that will be paid off in a couple of months.

     

    Anyone else running into this? I'd love to hear how others are doing!

     
    2.
    Member
    1,535 posts
    Bumble bee
    SuperKate    May 28, 2011   Missouri / Playa del Carmen, Mexico

    We paid for our entire wedding/honeymoon ourselves with cash. We were able to save about $1,000/month during our 16 month engagement.

     
    3.
    Member
    3,171 posts
    Sugar bee
    brideatbeach    June 4, 2011  

    @bonsai_spork: We personally pulled it off with no debt, but we also didn't spend a lot. We had our reception at a local VFW hall and a backyard wedding ceremony. We literally pulled off the entire thing for about $3,000 and were so happy with how it turned out. :) We paid for about half of it ourselves, with our parents pitching in about $1500 total combined.

     
    4.
    Member
    2,055 posts
    Buzzing bee
    SpecialSundae    April 21, 2012   Dunfermline, Fife, Scotland, UK

    We've had a lot of help from our families (about half the total wedding budget) and we're hoping to come out with about £3k left of personal savings (our 10% contingency fund, which I'm hoping we don't need to use).

     
    5.
    Hostess
    5,572 posts
    Bee Keeper
    LatteLove    June 19, 2009   Chicago/San Diego

    My parents paid for most of it, we helped a little, but thankfully didn't need to take out any debt for it!

     
    6.
    Member
    2,146 posts
    Buzzing bee
    MapleBecky    July 9, 2011   Canada

    No debt; my dad gave us money toward the reception and DH's parents paid for our flowers, other than centerpiece flowers.   We watched our spending closely.   In fact, with gifts, we had enough for our minimoon and for a new bedroom set.

     
    7.
    Member
    3,003 posts
    Sugar bee
    vmec    May 12, 2012   Vancouver

    Our wedding budget is $30,000 parents pitched in $10,000. We will have approx. $10,000 in debt which should be paid off within a year (after the wedding)

     
    8.
    Member
    5,233 posts
    Bee Keeper
    amnystik    April 9, 2011   Texas

    We have about 700 from the honeymoon that would be our total wedding debt.... the week of the wedding we had about 1k worth of expenses come out of no where, NWR, that HAD to be taken care of before the big day.. since DH and I paid for everything and had all of our money going for the wedding/honeymoon.. we didn't have extra cash sitting on the side. We also had about 5k worth of $ we were expecting around the time of the wedding that didn't come through so yea.... we're happy that's all we had from it =)

     
    9.
    Member
    761 posts
    Busy bee
    ADBK2011    October 1, 2011   Atlanta

    My parents are paying for the majority of it, but fiance and I are paying some of it too. There is a little bit that has gone on credit cards.

     
    10.
    Member
    8,804 posts
    Buzzing
    Beekeeper
    UpstateCait    October 7, 2011   Upstate, NY

    We don't believe in unnecessary debt and anything wedding related would be considered unnecessary. We're paying for our wedding with cash on hand and help from various family members (mostly my parents who are covering the ceremony and reception). 

     
    11.
    Member
    1,076 posts
    Bumble bee
    mzlouis2b    November 3, 2012   Live in Brooklyn, wedding in MI

    We are paying for our wedding in cash by ourselves. Like CaitMarea said, we dont believe in unessesary debt. Our budget is 25k and we have 15k savings so far, so everything will be paid off for sure by the wedding.

     
    12.
    Member
    5,846 posts
    Bee Keeper
    Eva Peron    November 2011  

    I'm pretty laid back and mixing cultures for my wedding, so its actually scaled back greatly! We didn't want our parents to have to feel obligated and we didn't want debt. So we put some money aside and our just working with it. We have some great family and friends who pitch in help wise, so it makes it great. We are looking to around a little under 2 thousand.

    We don't do credit cards  so, we are waiting to take a legit honeymoon till our funds are replenished.

     
    13.
    Member
    1,712 posts
    Bumble bee
    FloretteLiz    August 18, 2012   Michigan

    We are paying for the wedding on our own and so far it's looking like we won't have any debt out of it. We are using our local VFW hall's banquet center and getting married at a chapel in a park. Almost everything will be DIY for decorations and flowers. 

     
    14.
    Member
    645 posts
    Busy bee
    Future Couture    June 10, 2012   Massachusetts

    we are paying for the wedding ourselves and will not go into any debt for it.  we will save all the cash ourselves, and if we dont have the money than nothing extra. the only thing that has been helped with is my mom bought my dress, which was a complete surprise3

     
    15.
    Member
    2,212 posts
    Buzzing bee
    Ryansgirl    October 22, 2011   Canada

    We shouldn't have any debt after the wedding.  We've been putting aside money for 2 years now specifically for the wedding and will be paying everything with cash!

     
    16.
    Member
    934 posts
    Busy bee
    ritsi_bitsi    May 2011   Canada

    DH and I are huge savers and strive to be debt-free. We saved before we got engaged, and for 18 months after we were engaged to have enough money for our wedding (in addition to saving for house, car upgrade, and retirement). The honeymoon came from our travel budget which we also constantly save for. Our wedding budget was based on how much we money we would have by the time our wedding rolled around. It wasn't until the month of our wedding that we got $10K from each set of parents to help pay for our wedding and another $16K from gifts. But we put all that money towards saving for our future home and baby fund. 

     
    17.
    Member
    444 posts
    Helper bee
    Ill Be Mrs B    October 22, 2011   San Diego

    We've been saving $1000 a month towards our wedding that should be right around $10,000. We may have to dip into another savings account approx $2-3,000 but Mr. B wants to replace that ASAP after the wedding. He's a cash kinda guy and doesn't want to go into debt for the wedding. We've been able to keep costs down but looking for deals, finding a great venue that lets us bring our own food/alcohol and I'm DIYing a lot of projects (flowers, invites, programs, table runners and so forth).

    We just bought our wedding rings this past weekend. This is my second marriage and I chose not to have an engagement ring. I asked the salesman what's the average cost a guy spends on an engagement ring, he says "You'd be suprised, these guys come in and finance $10,000 without blinking an eye. To go into debt that much is insane and then you have the wedding on top of that" and here I thought my almost $3,000 wedding band was a lot. Whew!!!!

     
    18.
    Member
    4,577 posts
    Honey bee
    Treasure43    September 18, 2010  

    We paid for about half of the wedding ourselves and didn't go into any debt. We put the honeymoon on our credit card to earn the cash back and then paid it off.

     
    19.
    Member
    157 posts
    Blushing bee
    sarsah82    March 31, 2012   Calgary, AB

    my parents are paying for everything!

     
    20.
    Member
    5,129 posts
    Bee Keeper
    organizedbride11    November 11, 2011   Illinois

    We are paying for most everything!!! My parents are paying for some surprise things for us like our limo. Very nice of them and they paid for half my dress. FI and I used a tax return to pay for most of our wedding. we wont have any debt over it. We have about 1000 more to pay and then the wedding is completely paid in cash!!

     
    21.
    Hostess
    4,169 posts
    Honey bee
    yrret107    November 28, 2009   Seattle, WA; Married in West Chester, PA

    I borrowed money from my brother about $2k to help with wedding expenses.  Other than that we paid for 90% of our wedding on our own and our parents helped out with about $2k total.  After the wedding, all we had to do was pay back my brother.

     
    22.
    Member
    766 posts
    Busy bee
    AmberAustin    November 5, 2011   Boston

    We are a little off track for savings... so we may need to put like 1500 on a CC, but we can easily pay that off in a month.  I'll see how things pan out.

     
    23.
    476 posts
    Helper bee
    assilem    July 30, 2011  

    My Dad put everything on his AmEx and immediately paid the balances.  We will be paying cash for the honeymoon.

     
    24.
    Member
    2,377 posts
    Buzzing bee
    squeak35    July 7, 2011   Cali

    We paid for everything out of our own funds.  Our focus is really to start a family so we didn't want to spend a ton $$$ on one day. 

     

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