(Closed) Did you take on debt to fund you wedding and/or honeymoon?

posted 8 years ago in Money
  • poll: Did you take on debt to fund your wedding and honeymoon

    Yes

    No

  • Post # 122
    Member
    6317 posts
    Bee Keeper
    • Wedding: December 2013

    God no. The only thing I’d go into debt for would be a mortgage and medical expenses (if it came down to it). Not a party. That’s not smart. I was in debt in my early 20s due to stupidity… I am not going to repeat that behavior!

    Post # 123
    Member
    453 posts
    Helper bee
    • Wedding: November 2014

    I only votes yes due to the fact that Fiance and I are spending $12,000 out of pocket in addition to the $22,000 my parents are paying, and the $4,000 his parents are paying…….In our eyes, spending the $12,000 is money we could use to pay off student loans or towards buying a house. Its not increasing our debt, but its not making us any less in debt. We aren’t charging any part of our wedding everything is being paid out of our checking accounts,…..but again, we could be $12,000 less in debt if we didnt have to pay for wedding stuff, instead we are spending $12,000 on a wedding and will be in EXACTLY the same financial position, and being exactly the same position is just as good as being in debt.

    Post # 124
    Member
    7439 posts
    Busy Beekeeper
    • Wedding: December 2012

    Question – Did you take on Debt to fund your Wedding / Honeymoon

    Answer = NO…

    Both Weddings in my life we had a Plan / Budget, and saved for them.

    Felt good to come home after the Honeymoon and pay off the final Credit Card bills and be done.

    Highly recommend it… “Having a Wedding that you can Afford” (as is often said on WBee)

     

    Post # 125
    Member
    673 posts
    Busy bee
    • Wedding: July 2014

    @FleeSircus:  +1.  Thank you!  Needed that laugh and the reassurance that I’m not the only person with a bit of debt after this process.  But nothing we can’t pay off within a year so we’re okay with the decision.

    Post # 126
    Member
    2354 posts
    Buzzing bee

    There are people who are convinced 5K is worth paying for just for pictures of their big day. I, on the other hand, don’t think it is (for me), but I think it’s totally worth it to have a 5K debt in order to have a party reuniting the people we love the most in celebration of a day that will not happen ever again in our life. It’s all relative, and I think it’s useless to judge other people’s choices based on wether or not they ”used credit” to finance their wedding. If they can pay it off quickly, it’s not even an issue.

    @KristenLiz11:  I agree with what you said, I think you have a very realistic view on your situation and I can only applaud your honesty. 

    Post # 127
    Member
    453 posts
    Helper bee
    • Wedding: November 2014

    @NauticalDisaster:  Thank you. Fiance and I have been struggling to justify the expense. The wedding is already been put into motion and we are trying our hardest to stay under budget as much as we can. We realize our situation won’t be better, we won’t be worse off debt wise and the wedding will be fun. At least we might get some new towels out if it. LOL.

    Post # 129
    Member
    4097 posts
    Honey bee
    • Wedding: February 2013

    For those saying an expensive wedding is “more than just a party”, um, no it isn’t. The moment you and your SO are joined in matrimony requires no more than a legal document. My actual wedding cost the $100 officiant’s fee. The reception (which our parents paid for) was optional and in no way connected with our marriage ceremony. 

    Post # 130
    Member
    519 posts
    Busy bee
    • Wedding: August 2014

    Nope, no way. 

    Our first big wedding decision was actually the budget – we sat down and decided on a sum that we would be able to easily save no matter what (so it wouldn’t affect all of our other regular savings deposits, 401k contributions, “fun money” and the like) and went from there. 

    The topic ‘Did you take on debt to fund you wedding and/or honeymoon?’ is closed to new replies.

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