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

posted 10 years ago in Money
Post # 62
Member
21 posts
Newbee
  • Wedding: October 2011

We are 45 days away from our wedding day, 10/22/11, and we have paid cash for everything thus far even the honeymoon!  Luckily, I had a trillon loyalty points so that we aren’t paying for any hotels while honeymooning!!  We’d rather pinch now than have to pay for this wedding for the next few years with interest!

Post # 63
Member
73 posts
Worker bee

@Ronneykay: All payments come straight out of our checking accounts…no loans or credit or anything like that. We are paying for it ourselves. Our parents are not footing our bills, nor could they if they wanted to. However, I feel extremely proud that we are pulling this off on our own. I think once we are married and own a home we will be in awe that we conquered this all on our own!

Post # 64
Member
602 posts
Busy bee
  • Wedding: May 2012

we are paying with cards that are backed by cash… we need every reward point we can get to help us with our honeymoon!

it’s funny because I told Fiance that we already had all the money we needed in the back (over 10k saved) even though we are 8+ months out… but he didnt realize what I had sad so his reaction was pretty weak… but then I mentioned it and he was shocked… boys!

We had a long engagement (15 some months?) to save up… my tips for saving:

1. create a seperate savings (only) account for your wedding with NO debit/credit cards attached to it.

2. Have a small amount of your pay check deposited each week… you probably will never miss it anyways

3. cash ALL checks into that account… every time we got a rebate check or an affiliate check or the depost return check for our old apartment, or our *tax return* checks, or birthday checks…. EVERY check we have gotten has been put into that account for the wedding only!

4. Round up all the change in your house – deposit it into that account

Post # 65
Member
834 posts
Busy bee
  • Wedding: October 2011

@Ronneykay: Paying out of pocket. Our families have been gracious enough to offer plenty of help though 🙂 But no, no reason to go into debt for one day of our lives.

Post # 66
Member
333 posts
Helper bee
  • Wedding: July 2011

We paid cash for everything. I always wanted a dream wedding and knew my parents would not be able to contribute much so I started saving SEVEN years ago, before I even met my husband.  I saved each bonus and tax return.  By the time the wedding was a reality, I did not want to blow seven years of savings for one day so we still kept things pretty moderate and only spent about 20% of our savings. 

I met a woman who told me she was still paying for her daughter’s wedding a year after it happened – I certainly did not want that for us. 

Post # 67
Member
834 posts
Busy bee
  • Wedding: October 2011

View original reply
@angeebride: DANG! I wish I had thought that far ahead!

Post # 68
Member
405 posts
Helper bee
  • Wedding: February 2012

paying cash for 90% We put the honeymoon on a credit card, so we could take advantage of there travel insurance and rental car insurance that is included through the credit card company. but we will be paying it off ASAP

Post # 69
Member
2554 posts
Sugar bee
  • Wedding: June 2012

Paying everything in cash. Charged some to my credit card for the Air Miles (gotta fly from BC to NL for my wedding!) but it gets paid off right away. If I have to use credit for it, I won’t be getting it!

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