(Closed) Anyone going into debt for their wedding? or paying cash?

posted 10 years ago in Money
Post # 32
Member
305 posts
Helper bee
  • Wedding: June 2011

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@sorrycharlie: Also… it’s never dumb to rack up a little credit – Credit gets built that way. As long as you can pay it off on time, and with a little extra, you’ll be doing yourself a favor when, later, you want a house or car.

Post # 33
Member
2903 posts
Sugar bee
  • Wedding: July 2011

We’re super lucky and the wedding is a gift (a bribe? lol) from my parents.

My dad (I think) wants to show us off, and my mom doesn’t want to travel, so my dad offered to pay for it up to a certain amount, and my mom, said no, we only pay for it if it’s in San Francisco!

So, guess where we’re getting married.

 

They aren’t taking on any debt either. They’re paying like

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@dani ddha: and

@hisgoosiegirl: 

on credit and paying it off at the end of the month (no debt held).

 

We’re paying for: honeymoon, jewelry, gifts for everyone, and other random stuff.

Needless to say, if they weren’t paying, we would have gotten married all at once in Hawaii (when we lived there) 6 months ago with very few guests and not much fancy at all. And also on credit to be payed immediately. (no debt)

Post # 34
Member
1058 posts
Bumble bee

We put money aside monthly and paid for things up front. We paid for the venue up front and everything else. We had everything completely paid off by the wedding day. It was a $30,000 wedding.

Post # 35
Member
5982 posts
Bee Keeper
  • Wedding: June 2010

we paid cash for everything ourselves. We dont rack up debt for anything but big ticket items (our house and our education). we even pay for our cars in cash. 

Post # 36
Member
1755 posts
Buzzing bee
  • Wedding: October 2014

We’re going to use a credit card to protect against any dishonest vendors, but will have the cash to pay the balance off immediately when the bills come to avoid any interest.  Our parents are going to contribute a little money but we’re considering it a bonus and not going to count on it in our planning.  Neither of us is comfortable with accumulating debt for the wedding.

Post # 37
Member
45 posts
Newbee
  • Wedding: July 2014

We are paying for everything ourselves. Our budget is $10,000. Our ceremony and receptions are being held at the same venue, includes open bar, wine with dinner, all silverwear and tablewear, chairs for ceremony, tips, sound system (for music), table side service, we have the access to the whole ground for photos all for a great price. We are putting certain items on the credit card because it is easier to dispute if something goes wrong but we are not going over budget and everything is paid in cash. Do not want to start debt now when I never had it before.

Post # 38
Member
10354 posts
Sugar Beekeeper
  • Wedding: September 2010

I think going into debt to throw a party is essentially one of the most irresponsible things you can do starting a marriage. There are so many overwhelming financial needs in lfe – emergency savings, a home, car, retirement, college for your kid, possibly taking care of parents in their old age….i’d rather know those bases are covered.

We technically charged most things, but only to get airline miles/have more security with possible charge-backs. Every bill was paid at the end of the month before finance charges kicked in. We’re now 70% of the way towards saving for a house instead of in debt from the wedding!

Post # 39
Member
3253 posts
Sugar bee
  • Wedding: October 2011

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@crayfish: This was our exact mindset, too. Our wedding is going to be rather simple because of the fact that we are young and don’t have a lot of money. We hardly needed credit card bills from our wedding to add to rent, car payments, etc.

We only purchased what we could afford from our bank accounts. We paid for everything ourselves except for the food at the reception, which FH’s parents gifted us with, and the cake, which my parents took care of.

Post # 40
Member
2102 posts
Buzzing bee
  • Wedding: February 2013

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@sorrycharlie: I totally agree. It can be very frustrating. I’ve been in some threads and it gets very heated talking about money. But you can’t just say it’s irresponsible, stupid, a bad decision. If you feel that way, please feel free to donate to my wedding fund to keep me out of debt! LOL

While we want/plan to pay most things in cash, I know we may charge some things, as well. We’re both students and are only able to work part-time outside of our normal student/teaching duties.

Post # 41
Member
7294 posts
Busy Beekeeper

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@Ronneykay:  I definitely splurged on my dress! I told myself initially i wanted it under $1000. but it was just too important to me and once i saw that people sell their dresses all the time, i decided not to price get in the way of my dream dress and then i would sell it after (i mean i didn’t go near anything crazy like $5000, but i let myself try on some that were in the mid $1000s).  So i ended up spending $1200 on my dress plus alterations ($600).  I do plan to advertise it like crazy after my AHR this summer, but since my wedding on the beach where it got super dirty and my shoes tore some of the lining at the bottom, i don’t think its worth half as much as it used to be!  Any amount I get back though is better than nothing.

I also splurged on my reception. I could have done my dinner in a resort a la carte restaurant, but when i saw the option for a private dinner, i realized how much i wanted to incorporate all the little details i always see at weddings – something i could not do with a semi private reception.

Third, I splurged on my ceremony arch.  There was a standard one that comes with the package, but i really did not like, so i paid $550 and got my gorgeous arch

No regrets whatsoever for any of these things, they were all worth it!

Post # 42
Member
553 posts
Busy bee
  • Wedding: November 2013

We are going to be paying cash for everything. We’re going to be setting a bit aside each month in a separate account and paying for little bits as we go along.

Post # 43
Member
352 posts
Helper bee

Definitely paying cash for all of it. 35k including honeymoon.

Post # 44
Member
2187 posts
Buzzing bee
  • Wedding: June 2011

We paid for most of it with cash, but we did take out a $5k loan that we will be paying off 🙁 it helped at the time though.

Post # 45
Member
4410 posts
Honey bee
  • Wedding: December 2010 - Savannah, GA

We paid cash for everything… and we’re paying cash for our reception.  DH and I are committed to being debt free as soon as possible–and the only thing keeping us from it right now is that I still have student loans–that means not going further into debt with wedding related things.  Also, being in our mid- to late 40s, we’re paying for everything ourselves. 

Post # 46
Member
929 posts
Busy bee
  • Wedding: December 2011

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@crayfish: yeah i see your point and I agree to a certain extent, and wouldn’t go in to thousands of dollars of unmanageable debt for my wedding. However, I also don’t want to look back at my wedding (or especially honeymoon) and wish i’d done more or had more.  I only want to do this once, and an extra thousand here or there to get something we really want is worth it to me, even if i have to spend some extra time paying it off.  Sure, we could lose our jobs or our parents could get sick or we could have medical issues, of course all those things are possibilities, but its all risk benefit analysis and I don’t believe that it is universally irresponsible to go into debt for a wedding.  I think it can also be irresponsible to always look to the future and never focus on the present, as for some people this means denying themselves something they want and living with that regret. 

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