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

posted 9 years ago in Money
  • poll: Going into debt to pay for wedding

    No, I haven't

    I have by $0-1,000

    I have by $1,001-2,000

    I have by $2,001-3,000

    I have by $3,001-4,000

    I have by $4,001-5,000

    I have by >$5000

  • Post # 17
    Member
    1623 posts
    Bumble bee
    • Wedding: November 2012

    Initially, we will by a few grand.  But if you factor in monetary gifts, then we’ll still come out way ahead. (And I don’t mean that at all to sound greedy, I just know many guests will be giving us gifts.)

    Post # 18
    Member
    701 posts
    Busy bee
    • Wedding: June 2012

    View original reply
    @canarydiamond:  Our hot water tank and dishwasher went out in the two weeks before the wedding. You are right, it can definitely happen! :/

    Post # 19
    Member
    806 posts
    Busy bee
    • Wedding: April 2013

    Nope. That was a big part of our discussions prior to getting engaged was that neither of us felt it was worth going into debt for one day. We budgeted according to what we had in savings and/or would be able to put aside each month, with the assumption that neither of our parents would be donating (although mine did end up giving us some money).

    We’re paying cash if it makes sense to do so (i.e., gets us a price break); otherwise, we’re probably going to put a few vendors on a credit card to get the rewards points but we won’t be carrying a balance.

    Post # 20
    Hostess
    2555 posts
    Sugar bee
    • Wedding: May 2014

    We haven’t officially started planning our wedding yet, but, we’re both on the same page that we will not be going into debt over it.  Nothing will be put on a credit card and there will be no loans taken out.  If we can’t afford it, we don’t need it.

    Post # 21
    Member
    2424 posts
    Buzzing bee
    • Wedding: May 2012

    Heck no! I have no debt, and refuse to take loans out for anything but a mortgage, car, or education.

    Post # 22
    Member
    3616 posts
    Sugar bee
    • Wedding: November 2011

    View original reply
    @lovekiss:  +1!!!

    Post # 23
    Member
    3567 posts
    Sugar bee
    • Wedding: April 2013

    Hell no. My savings are taking a big hit. As I normally put more money away, and I’m taking a large sum of money out of money I have been saving for years. However for me personally it wouldn’t be worth it to go into debt or to put even a dollar on my credit card for this wedding. I prefer to have a dream marriage and a dream life, where I live within my means then spending money I don’t have.

    Post # 24
    Member
    6889 posts
    Busy Beekeeper
    • Wedding: March 2012

    View original reply
    @ChemistryBride:  Same.

    If I’m not getting daily use out of it (i.e. our house, my car, my education) then there’s no point in going into debt. I’d prefer not to have to go into “debt” for any of those things either, but I don’t have an extra 25K waiting around at all times, especially at around the same time.

    ETA: 25K referring to car or education, I guess, obviously not house!

    Post # 25
    Member
    4948 posts
    Honey bee
    • Wedding: October 2018

    Nope. Not happening. I don’t think it’s worth it just for one day. 

    I’ll take out loans for school (mine or his), a house, or a car, but not the wedding. 

    Post # 26
    Member
    374 posts
    Helper bee
    • Wedding: June 2013

    That is the one thing I am most afraid of! My cousin had a destination wedding and I think she put everything on credit. This is all speculation but I think she wasn’t able to pay a lot back because a few months after her wedding they got evicted from their appartment :/ IDK if that was the exact reason but IDK it’s just a coincidence.

    I know my Fiance and I are really good with money and know we can stick to a budget, but still I refuse to go into debt for a “party.”

    Post # 27
    Member
    553 posts
    Busy bee
    • Wedding: November 2013

    No way! I firmly believe in having the celebration that you can afford. Some people may not like it or others may turn up their noses but those that truly care about you will just be happy to share that moment with you.

    Post # 28
    Member
    1513 posts
    Bumble bee
    • Wedding: June 2013

    no, but i am also not having my “dream” wedding… that would have set us back at least another 7k and there was no way that was happening.

    Post # 29
    Member
    177 posts
    Blushing bee
    • Wedding: October 2012

    Fiance and I are having to take out a loan. It was not planned and is due to a recent family emergency. His parents have had medical issues and can no longer afford their travel and lodging to the wedding. Since it’s his family, we are more than happy to take on this small amount of debt to secure that they be present for their only son’s wedding 🙂

    Post # 30
    Member
    2457 posts
    Buzzing bee
    • Wedding: September 2012

    Unfortunately, we are going into debt. About a month ago, I would’ve voted otherwise and said everything would be paid off and we’d be totally and absolutely debt-free by the time the wedding happened.

    We had some unfortunate family issues where my dad basically lost his shit, wrote off the whole family, and decided he wasn’t paying for our wedding anymore. (Mind you, he’d been paying for small things here and there throughout, so I knew he had the money and was *going* to send it. And he’d been consistent since last December..) Why did he lose his shit, you ask? Because we didn’t call him on his birthday. Before 730 pm his time. Which is 3 hours ahead of us. On the same day FI’s grandmother went into the hospital and his dad entered addiction treatment. But of course, calling my dad for his birthday should’ve been the first thing I did. *sigh* sorry, sore subject.

    So, we were forced to use every ounce of honeymoon money and borrow money from family. We couldn’t justify throwing out the $$$$ we ourselves already put into this :/

    The upside is that we’ll have it paid off in no time 🙂

    Post # 31
    Member
    701 posts
    Busy bee
    • Wedding: January 2013

    Nope, I refuse to have a more expensive wedding than we can afford.

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

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