(Closed) Are you going into debt for your wedding?

posted 6 years ago in Money
  • poll: Going into debt to pay for wedding
    No, I haven't : (185 votes)
    79 %
    I have by $0-1,000 : (8 votes)
    3 %
    I have by $1,001-2,000 : (6 votes)
    3 %
    I have by $2,001-3,000 : (9 votes)
    4 %
    I have by $3,001-4,000 : (4 votes)
    2 %
    I have by $4,001-5,000 : (7 votes)
    3 %
    I have by >$5000 : (14 votes)
    6 %
  • Post # 3
    Member
    456 posts
    Helper bee
    • Wedding: October 2012

    We are considering delaying our honey moon because of this reason…

    Its so hard to imagine being in debt for a wedding. I know it is so special, etc. But its the love and your life together thats most important. We had to make a budget, and get those things that were really important to us. And dont forget to budget plenty of money for gifts for those special people that are in your wedding, including parents and grandparents. Even if you spend 20 a couple, this can add up quick! We still havent made final decisions on what to do and wedding is 6 weeks out…

    Dont over do it! the pictures are important as well as what you are wearing. But details like catering and overdo ing decorations to me are not as important because they are forgotten later. People will remember how happy you were and that they had fun at your wedding and that you both looked nice. Hopefully you will have nice pictures too. Other small details can add up, money wise and are not worth it in the end. Good luck

    Post # 5
    Member
    7311 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    I think it’s irresponsible for anyone to go into debt to throw a party. You can get married for the cost of your license and the city hall ceremony fee (about $100 total in the county we got married in). All of the rest is extra fluff. And going into debt for extra fluff is just not smart.

    Edit: I do want to say that there are times when it’s necessary. Unfortunate, but necessary. Like when a parent promises to contribute $x and then a month before the wedding when all of the final payments are coming do the parent doesn’t pony up the cash. I think we’ve all seen these sad situations on the Bee where couples are suddenly on the hook for bills someone else had promised to pay, and there is no way out of the contractual obligations. In those extreme circumstances hard choices have to be made, and I can see where debt may be the best option. But most of the time it seems to have less to do with extreme circumstances and more to do with having Dom taste on a PBR budget.

    Post # 6
    Member
    6124 posts
    Bee Keeper
    • Wedding: August 2012

    I did not go into debt for a wedding. 

     

    I am very anti debt – but I took out student loans (which are paid off already) and we do have a mortgage (paying extra).

     

    Non essential things don’t warrant debt in my opnion!

    Post # 7
    Member
    13015 posts
    Honey Beekeeper
    • Wedding: November 1999

    I will not go into debt over one night of fun.  Seriously, it’s reckless.  Starting a marriage with debt is a bad idea.  Anything I can’t afford I can go without.

    Post # 8
    Member
    344 posts
    Helper bee
    • Wedding: September 2013

    I wouldn’t call it debt.  Fiance and I built our house a year ago and both have pretty fantastic credit.

    What we are doing is that I got a rewards credit card and Fiance got airline milage credit card.  We charge things and then just pay off the balance while still gaining rewards/miles.

    So no, since we pay off the balance.  We plan on putting the honemoon of our dreams on a creditcard and paying it off with some of the money we get from the wedding.  We don’t go on many vacations and have been little worker bees for the last 3 years while building this house and now the wedding so it is well deserved 🙂

     

    Post # 9
    Member
    2065 posts
    Buzzing bee
    • Wedding: December 2011

    I did. Not exactly my plan, but oh well. My father promised us X amount of dollars towards the budget we’d already created with our savings. Contracts were signed, deposits put down, etc. He lost his job, got laid off, and I no longer felt comfortable taking the full amount from him. We did what we could to downsize, saved extra money, but still ended up needing to put about $3.5K on a credit card. After the wedding, I transfered the balance to another card with a 0% interest balance transfer offer and it’s been long since paid off.

    Shit happens. I don’t think I’m irresponsible or reckless. I had a budget, it surprisingly changed not long before the wedding, and I did what I could in the time I had.

    Post # 10
    Member
    10453 posts
    Sugar Beekeeper
    • Wedding: February 2014

    Glad to see the poll results mostly are No. I think it’s a really bad idea to go into debt over one day. 

    Post # 11
    Member
    10453 posts
    Sugar Beekeeper
    • Wedding: February 2014

    @misspeanut:  Sorry that happened to you. Hopefully my response doesn’t seem insulting. Your situation is different – I’m more talking about people who PLAN to go into debt. That’s silly.  

    Post # 12
    Member
    2065 posts
    Buzzing bee
    • Wedding: December 2011

    @Pinkmoon:  Nah, totally not insulted. 🙂 I just usually chip in with my story when these threads come up in case any one is out there feeling like crap for something similar.

    Post # 13
    Member
    701 posts
    Busy bee
    • Wedding: June 2012

    I did what I could as a budget bride to keep the budget down while still fullfill our wedding wishes. We were not going to be able to save enough before our wedding day for what we wanted. I didn’t see the difference between saving longer and postponing the wedding or getting married sooner and charging a little under $2K and tranferring it to a 0% interest card. I take on debt to get things I want, but never irresponsibly. It cost like $50 to transfer the debt. It was totally worth it in my opinion and we will have it paid off by the end of the year. We already own a house.

    Post # 14
    Member
    344 posts
    Helper bee
    • Wedding: September 2013

    @Sheepshead:  Oh.  Yikesssssssssssssssssssssssssssssssssssssssssssss!

    Post # 15
    Member
    119 posts
    Blushing bee
    • Wedding: September 2012

    I technically went into debt, but I don’t look at that way. Fi and I took out a small loan with our bank because we are trying to build up our credit score and this was a way to kill 2 birds with 1 stone, as the saying goes. The loan is already half paid off and its helping our credit while it allowed us to not stress about paying for the wedding since we had the money up front to pay for the major things, like venue, catering, dj, and photog. The little details we saved up and paid for with our normal income and we didn’t have to empty our savings…win win!! 

    Post # 16
    Member
    8042 posts
    Bumble Beekeeper
    • Wedding: December 2013

    @lovekiss:  +1!

    I agree it’s silly to go into debt for a wedding or anything that is frivolous (i.e. not necessary to survive). I was stupid when I was younger and got myself into a lot of consumer debt. By the time I smartened up I realized it would take me a couple years, if not more, to pay it off. I’ve been out of debt for 2 years now and I let my bf manage the money because he’s better at it. Budgets are good, debt is bad.

    If you go into debt for a wedding, what happens if something unforeseen but necessary comes up? Like you need a new hot water tank, have to travel because someone you know is dying, have medical expenses, etc.? It’s just not worth it.

    The topic ‘Are you going into debt for your wedding?’ is closed to new replies.

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