Did you go into debt for your wedding? (No judgement here :) )

posted 4 years ago in Money
  • poll: You can vote on multiple answers :)
    Yes we did: 0-20k : (70 votes)
    12 %
    No we didn't : (303 votes)
    50 %
    Other : (7 votes)
    1 %
    We don't have any debt currently : (81 votes)
    13 %
    We have less than 100k in total debt : (99 votes)
    16 %
    We have 100-250k in total debt : (30 votes)
    5 %
    We have 250-500k in total debt : (14 votes)
    2 %
    We have 500k+ in total debt : (2 votes)
    0 %
    Other : (1 votes)
    0 %
  • Post # 5
    847 posts
    Busy bee

    We are not going into debt for the wedding or honeymoon. We had a crazy long (22 month) engagement in order to save enough money to have the wedding we wanted. I have student loan debt (approx. 35k) and he has a car payment (16k) so it wasn’t something we thought was feasible — adding another ‘fixed payment’ to our monthly bills.

    Post # 6
    2894 posts
    Sugar bee

    @FutureMrsSarah:  We might. Right now we’re both students, we don’t have tons of loans left for our level of education (I’m doing a ph.d, he just started his bachelor), and have 0 consumer’s debt. However, what we lack is savings, as all the money we have goes to living and paying off debts as we felt it was a better strategy : interest rates are ridiculously low for savings, and way higher for debts. It made more sense to be aggressive on debts, in order to be more aggressive on savings once we finished paying them, in 24 months or less. 

    We’re 28 and soon-to-be 37. At our age, it is quite ridiculous to start freaking over a personal loan of 5K, knowing we’ll have good incomes in 1-2 years, currently have great credit score and are financially responsible. It’s also ridiculous to me to wait another 3 years to be debt-free before getting married, all this for 5K that will not make a huge difference in the end. 

    If our parents offered to pay, we would not get into debts at all. What’s tricking us is how expensive food and alcohol is in my area. We didn’t see it coming when we set our budget (initial : 3K), and we do not wish to spend a lot on our wedding day because we have other projects. But we do want to have our family with us as it is meaningful to us. So I tell you, I won’t feel shame to take out a loan for the caterer if needed. We won’t keep from getting married for effing 5K ! And I judge those who would judge this decision. 😉

    Post # 7
    419 posts
    Helper bee
    • Wedding: October 2016

    My fiance’ is getting yearly insurance installments that we are putting towards the wedding, but even without that I would never personally go into debt over a wedding. We have enought to put away a few bucks at the end of the month for savings.


    Post # 8
    14486 posts
    Honey Beekeeper
    • Wedding: June 2011

    No debt here.  Even with the mortgage we have a overall positive net worth.

    Post # 9
    937 posts
    Busy bee
    • Wedding: February 2014

    Yep!  I took out a loan for 6K.  No big deal.  I was able to pay off the DJ, Officiant and photographer in full with it and it was so much less stressful doing it that way.

    I think I ended up paying like $100 in interest by the time it was paid back  – to me, that’s not that big of a deal.   


    Post # 10
    8579 posts
    Bumble Beekeeper
    • Wedding: October 2014

    Did/are you going into debt for your wedding/honeymoon?

    No, we aren’t going into debt over the wedding or honeymoon. We got engaged December 2012, and planned our wedding for 2014 to give us plenty of time. We are kind of paying-as-we-go, in a way. We pay our bills for the month, buy things we need and then apply whatever is left towards the wedding. We will be debt free when the wedding comes around.

    How much do you/your partner currently have?

    We have no debt.

    Post # 11
    1141 posts
    Bumble bee
    • Wedding: August 2015

    Our wedding will consist of a visit to City Hall.  Pretty reasonable!

    Post # 12
    544 posts
    Busy bee
    • Wedding: November 2009

    No debt. We paid for 90% of our wedding (~$40K).

    Post # 13
    892 posts
    Busy bee
    • Wedding: October 2015

    We won’t go into debt because that’s not an option for us.

    Post # 14
    1226 posts
    Bumble bee
    • Wedding: June 2013

    @FutureMrsSarah:  We did. Although it was great and I have no regrets, debt still sucks, lol.

    Post # 15
    520 posts
    Busy bee
    • Wedding: October 2014

    We currently have no debt and if at the end of the day if we have to go into a little bit of debt to cover a honeymoon then so be it. If you know what you can afford to go into debt over then it is a non-issue in my opinion. Our wedding itself is only $3000 and we know it’ll all be paid for in cash but I don’t want to miss out on a small honeymoon if the only thing standing in our way is $1000 that can be put on a credit card.

    I actually talked to someone not that long ago who was bragging to me about not needing to go into debt to have her wedding – but then mentioned she had to go into debt to pay her bills in order to afford absolutely everyting, which in my opinion is still wedding debt.

    Post # 16
    4035 posts
    Honey bee

    @FutureMrsSarah:  No debt for the wedding. My parents gave us $6k, we spent an additional $11k on the wedding, rings and honeymoon. It came from savings and we paid as went along with our income. We agreed we would not go into any debt for the expenses. Even if my parents hadn’t helped, we would still have had enough in our savings to cover it.

    Currently, we have about $26k in student loans combined from 3 different degrees (my undergrad, his undergrad and his master’s). In August, we will also have a new mortgage, so that will substainally increase our total debt.

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