Post # 1
I just need some advice, I’ve been upset all morning. We are footing the bill for our own wedding. We set a budget and stuck to it for the most part. We just found my FI’s checks between now and our wedding (he works on commission) and our wedding is 9/24/2011, will NOT be enought to cover the remaining costs of our wedding. Everything is already booked, deposits are made, some items are paid in full like the photographer and caterer, the invitations have been sent out, etc. So there’s no way to trim the guest list or uninvite people, the items that have already been paid off are nonrefundable. We have credit cards but they are maxed out, we don’t have any way to take out a loan or borrow any money. My mom just lost her job, so they’ve helped all they can. His parent’s can’t help. We are still REALLY short on what we owe. We thought my FI’s checks were going to be twice what they turned out to be. So we budgeted accordingly, and now he didn’t make as much as we thought and we are in a big hole. Any advice? Please! I don’t know what to do!!! I’m really upset.
Post # 3
This exact thing happened to us. breathe first and foremost. Funny, we got married in sept too. I hate to recommend this so I hope someone has a better idea after me. What we did is took out a payday loan. After we received our money gifts from the wedding, we paid it off.
Post # 4
You can take out a payday loan, like the PP suggested. Or maybe try calling the vendors you owe money to and explaining the situation, and ask them to set up a payment plan if at all possible?
I really have no idea what to tell you.
Post # 5
You need to call the vendors you still owe and see if you can work out a payment plan.
Post # 6
Have yall thought about taking out a loan on the remaining balance?
Post # 7
Don’t forget that not everyone you’ve invited will be able to come. If you don’t invite people to replace the ‘no’ responses, you’ll be able to save some money that way.
Are there any options you can downgrade? Maybe go for a less expensive version of something you’ve already booked, like less cake, fewer flowers, a reduced photography package, no favours and stuff like that. Look for places to trim.
Post # 8
The PP’s have had some great suggestions… also would a 2nd job be possible maybe to help with the additional funds??
Post # 9
We have already taken out three pay day loans. We still owe balances on all three that comes out of his check ont he 1st of every month. We are completely tapped out on those too.
I’m officially in freak out mode. All of this hit the fan this morning when my Fiance found out what his check on Aug 1 and Sept 1 will be, we added up all the numbers and did a big OH NO we don’t have the money gasp.
Post # 10
Talk to your vendors. Explain the situation, and ask about reducing the services you’re getting, or working out a payment plan. Some things you may need to lose the deposit on in order to go in a cheaper direction, for example flowers. You could use a purse or a clutch instead of a bouquet, or use wildflowers (what I wish I’d done). Don’t panic, just get creative. And entertain ideas from people you trust, but don’t expect anyone to swoop in with a bag of money.
Other than that, you could consider having a garage sale to raise some funds, or see if you can pick up an extra job somewhere.
Post # 11
are you sure you can’t take out ANY loans?? Our credit wasn’t too hot but we went into a really great credit union (not a bank, well we did but they denied us the loan) and took out a $5k to pay off the rest of our wedding.
Go to a few credit unions and see what you can do, you never know until you try.
Post # 12
It depends on how large this lump sum of $$ is.
SO and I had a huge garage sale before our wedding and made $1,000+ (not joking) on just random crap we didn’t need anymore. You could also do something similar with eBay, although it would obviously be more work…
Post # 13
@mhackney21: What vendors do you still owe money on? I would suggest cancelling their services, tbh.
Post # 14
@mhackney21: also, any weekend jobs you can pick up until the wedding?? Barista? Server? Tips add up quickly…
Post # 15
Take up babysitting, dog sitting, cleaning houses, delivering newspapers or general labour around the house.
Post # 16
Def follow pp suggestions of working out a payment plan with vendors.
Can you pick up some side work in the meantime as well?
You say his parents can’t help, but don’t elaborate. Could they possibly pay for it now and you pay them back (with interest, of course)? Can you ask siblings/grandparents/aunt/uncle to pay now and you’ll pay them back with interest?
Cut back on EVERYTHING from now till wedding. Cancel cable. Cancel dinners out. Bring food in to work. Eat pasta. Cancel honeymoon if needed.
Take a new credit card?
If you’ve got very good friends, maybe let them know the predictment you’re in and they’ll be able to give you cash gifts instead of things on the registry.
And…vow to yourself never to get in this situation again. Pay off the credit cards afterwards and pay them off monthly thereafter so you don’t max them out.
ETA: Definitely cut back on what services you can. Instead of the steak dinner, maybe make it all vegetarian. Take out an app or two. Go with a cash bar instead of an open bar. Cancel the floral arrangments (lose the deposit, yes). If you can’t cancel the photographer, cut back on the hours – just get the photos at the ceremony and staged, ask friends to send you photos from the reception.