(Closed) getting close and no money

posted 8 years ago in Money
  • poll: Would you borrow money for your wedding?
    yes : (11 votes)
    33 %
    no never : (22 votes)
    67 %
  • Post # 3
    Member
    809 posts
    Busy bee
    • Wedding: July 2010

    i would never go in debt for my wedding but thats just me. I feel like starting off your marriage with a bunch of debt is a horrible way to start your married life together. I dont want to sound like debbie downer but the number one cause of divorce is Financial issues. (or at least it use to be havent checked it lately)

    We are paying for everything ourselves as well… We have not have one dime handed to us or even to offer of one. I feel that you could downscale your wedding and have alot of DIY projects and have a nice wedding for alot less than 20k

    Post # 4
    Member
    769 posts
    Busy bee
    • Wedding: March 2010

    Ugh.  I feel for you.  It’s hard when it’s getting close and it feels like the train has already left the station for many things.

    My advice would be to cut where you can, diy, etc.  Go over the budget line by line.  However, I also totally understand wanting to have certain things for your guests after they’ve spent a lot of time and money flying to your wedding.

    If you do end up needing to go into debt, I’d just make sure you guys have a plan for paying it off as quickly as possible.  Also, make sure you do research and get a good rate.  I’m not advocating taking out a loan for a wedding, but you are close to the date and I understand that some things just might not be super flexible at this point.

    Good luck!!

    Post # 6
    Member
    1079 posts
    Bumble bee
    • Wedding: August 2010

    If you will really budget your (regular) life and pay off your credit cards asap put regular items like groceries on your credit card, pay vendors in cash, and make 100% sure your cards are paid off asap even if it means eating rice and beans for a couple of months after the wedding. I would not recommend this normally, but it sounds like you’re in a bind, will cut everything you can, and get out of debt asap. 20k including airfare and hotels sounds like you’re being pretty good about the budget and it’s not like you can change much now. The things I can think of are editing your menu somewhat since the caterer hasn’t bought the food yet and gets his/her money from the work so shouldn’t care if you don’t serve expensive foods like beef; cut down on flowers and use cheaper ones; have a smaller cake with sheet cake to make up for it. Plan to see your dress afterward to pay off your cards.

    Post # 7
    Member
    5670 posts
    Bee Keeper
    • Wedding: August 2010

    I don’t think it is a good idea, however I may end up having to put some minimal costs on credit cards. We are getting closer and are not quite where we wanted to be. If necessary we figured out the maximum we would charge and will pay off the bill with wedding money. Good luck.

    Post # 8
    Member
    14186 posts
    Honey Beekeeper
    • Wedding: June 2009

    I would not go into debt for a wedding. I’d rather have a private celebration. People will understand. I simply do not believe in paying for things you can’t afford or things that aren’t an investment. I see investments as properties, homes, and educations. If I coudln’t have afforded a wedding, I wouldn’t have had one. I know my parents would have been supportive and they would have been incredibly disappointed if i borrowed against my means b/c I don’t feel like it’s a very fiscally repsonsible thing to do.

    Post # 9
    Member
    2208 posts
    Buzzing bee
    • Wedding: July 2010

    Borrowing a few thousand isn’t the end of the world. I would go to the back and see what they can offer you in a personal loan. The rates are almost always better than a credit card, and you will get 1-2 years to pay it off.

    Post # 10
    Member
    1110 posts
    Bumble bee
    • Wedding: March 2009

    I guess I would borrow money from a fam member but not a bank.. even though ide do my hardest to try and save first!

    Post # 11
    Member
    1260 posts
    Bumble bee
    • Wedding: June 2010

    You haven’t mentioned the specifics of your wedding, but would it be possible to host it at your parent’s home? This would work for a smaller celebration, and if you parents owned their own home. Then you would save on venue costs. Or perhaps a relative could host if they had a home? That could be a big way to save money!

    It is up to you and your fiance to decide if it is worth it to obtain a loan to fiance the rest of your wedding. It is not something I would personally advise, but you have to do what is best for you and your family. I hope everything works out for you!

    The topic ‘getting close and no money’ is closed to new replies.

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