(Closed) Economic Blues

posted 10 years ago in Money
Post # 3
Member
121 posts
Blushing bee
  • Wedding: August 2009

Most definitely, Miss Empire State!

We’re paying for the wedding ourselves, and my Fi works in finance. He’s been lucky to survive three sets of layoffs. Last night he sort of mentioned that things could get seriously bad for the banking sector (and his future job security) and about the expense of a wedding in NYC. I’m the crazy one and in the process of changing careers resulting in a lower salary for me. We’re still moving forward and trying to figure things out, but it is definitely on our minds. 

Post # 4
Member
359 posts
Helper bee
  • Wedding: December 1969

wow caribqueen, i’m in the same situation.

My Darling Husband works in finance and he has survived some serious layoffs, and even though he says everything is okay, I still worry. Meanwhile, I had decided to change careers from finance into a different field, though not as lucrative. Probably not the best timing on my part.

I think some people, although not in debt, spend all their savings on the wedding, which might leave them strapped in times like these. Others plan their wedding using a %age of their savings might be in a better position.

I know it definitely affects the whole outlook on destination weddings in hard times. We had to decline to attend 2 Destination Wedding already, whereas, we would’ve went if they were local.

Post # 6
Member
2292 posts
Buzzing bee
  • Wedding: July 2008

We definately kept things like job security and economics in mind during our planning.  We are in the middle of a contract change at our jobs, and have been told that there will definately be some layoffs.  We also had some uncertain and extraordinary financial stuff going on – getting DH’s son ready to go off to college (tuition), a surgery that wasn’t covered by insurance, and trying to sell DH’s house.  So we tried very hard to keep expenses to something we could honestly be comfortable with.  My parents thought that ended up as much too small and scaled-back and so stepped in with some extra help, which was very nice of them.  And it was tempting along the way to spend "just a little" extra here and there, but I’m glad that we watched expenses so carefully, as it would really be too stressful to be watching every penny now (two months after the wedding).  It’s much more comfortable to have watched our spending carefully up front, and be able to afford a few luxuries on the back side.

Post # 7
Member
67 posts
Worker bee
  • Wedding: June 2009

It is affecting ours tremendously. We’ve had to postpone the whole thing by 9 months. When we first realized that it would need to be postponed, I really wanted to just have a small, economical wedding instead of the fancy hotel wedding we had originally planned on. However, (sadly) our venue contract which we are locked into specified that we would be liable for the entire cost of the package (ceremony and reception sites plus food/drinks, etc.) regardless of whether we cancelled or not. The price tag for everything is tremendous. There are a lot of other details involved in my story, but needless to say, I am looking forward to finally getting hitched…even if it does make our engagement over 2 years long. But as a consequence, I am looking into more DIY projects and cheaper vendors. Trying to cut costs anywhere and everywhere!

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