Wedding or down payment on a house?

posted 3 years ago in Home
Post # 3
Member
11300 posts
Sugar Beekeeper
  • Wedding: August 2013

I wish we had. I’m a month out and I’m seriously wishing we’d just eloped and saved the money to buy a house instead.

Post # 4
Member
6073 posts
Bee Keeper
  • Wedding: August 2012

@rockymtn101:  We eloped (albiet it was $7k for the wedding and honeymoon).  But with the $ we did not spend on a big guest wedding, we were able to buy some buy some big ticket items like a much needed hardwood deck and Invisalign braces for both of us in the same year as our wedding.  I think it was worth it!

 

Post # 5
Member
9412 posts
Buzzing Beekeeper

@vorpalette:  I agree eloping is the best option (because we are doing it :P). Seriously though, it’s impossible to meet financial goals while having a big wedding (at least where we live).

Post # 6
Member
9412 posts
Buzzing Beekeeper

@rockymtn101:  I will always choose practical goals over romantic notions. A wedding isn’t necessary to me, but having a house and being able to renovate it as I see fit is important. I look at the value add – one day versus daily living goals. I’m already legally married so I’m not fussed about it.

Post # 7
Member
3222 posts
Sugar bee
  • Wedding: April 2015

@rockymtn101:  house! If I couldn’t have both, I’d definitely prioritize a home. It’s a much more financially sound purchase.

Post # 8
Member
845 posts
Busy bee
  • Wedding: June 2013

@rockymtn101:  We bought our house first, saved for two years, then had our dream wedding. 

Post # 9
Member
1148 posts
Bumble bee
  • Wedding: June 2011

Our wedding cost a little under $5,000, but there are times I wish we’d saved that money towards something else, whether it be a house or some other expense, or even put into savings. Yes it was a lovely wedding and a great time, but some of the things we spent money on I look back and think “Why?”

Post # 10
Member
697 posts
Busy bee
  • Wedding: October 2013

We bought our house first. After we got engaged in Feb. 2011, we saved for a year and closed in March 2012. We then began saving for our wedding in August 2012.

Post # 11
Member
1007 posts
Bumble bee
  • Wedding: November 1999

If I were in that situation, I would definitely choose the house.  But if I didn’t feel ready to purchase a home, I would go ahead and spend a moderate amount on a small wedding and keep the rest in savings.  

Post # 12
Member
2657 posts
Sugar bee

We’re incorporating the best of both worlds.  We bought a house last year and are getting married in the backyard next year.

Post # 13
Member
8282 posts
Bumble Beekeeper
  • Wedding: July 2012

My mom was giving me $ regardless… She was like pick one. I went with the wedding & ended up getting exactly what the amount she wanted to give me anyway, so it was like I broke even.

But in general, I say go with the down payment. Weddings are great, but once the night is over, it’s over. Your house is long-term.  

Post # 14
Member
43 posts
Newbee
  • Wedding: July 2015

So I think I am in the minority in that I am prioritizing a wedding over purchasing a house. My guy and I will be financing either one all on our own… well maybe not but I will get to that. I don’t mind renting, and not having to worry about my own repairs and I also am not a big decorator or anything. Of course it’s good to invest in a house but I think I have been scarred, I grew up just on the outskirts of Detroit and the house my parents poured their money into is now worth pennies on the dollar. (you may have seen the news about Detroit lately, obviously an exception but I am still hesistant to buy). Plus we moved across the country and my FI already expressed interest in moving around more so I don’t want to get too attached. I think I would totally regret not having my dream wedding. Also, my FI’s parents have a lot more money than mine (he is an only child) and I could see them lending/giving us money for a house down the line if we asked for it, but less likely for a wedding given their practicality.

Post # 15
Member
43 posts
Newbee
  • Wedding: July 2015

Although maybe I will think differently down the line once I have a few kids and whatnot… although I do think I would always regret not having the memories and pictures.

Post # 16
Member
855 posts
Busy bee
  • Wedding: March 2008

You should always pick the lifetime over a day

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