Post # 1
I was just wondering how some of you are paying for the wedding. After an original budget of $20,000, I think it will likely be double that. I am the only one paying for this wedding because my fiance is saving for our second home. I am starting to feel a little overwhelmed with all the bills and the wedding expenses. Are you guys giving up Starbucks or making other sacrifices to pay for the wedding?
Post # 3
Fortunately, my parents are paying for our wedding, but if we had to go out of pocket, we would either do something extremely small or just elope. I’m not trying to sound judgey here, but do you really want to start your marriage $20K in debt for a wedding?
The only reason I say this is FI’s brother is getting married 2 months before us and they are doing exactly that – going into $30K debt, which they are putting on a credit card. We feel terrible for them and now see how it is causing them so much stress, but at this point its too late.
Here is a different idea for you – are you or your Fiance maxing out your 401K? If so, its possible with some 401K structures (Fidelity typically offers this) to take out a no interest loan. Basically, you would be pulling tax free dollars out of your 401K (not the best idea, but at least you won’t pay interest) and then you set up a plan to pay yourself back out of each paycheck. That would be an option to take out a loan, but do so without it appearing on your credit report and also not put you in real debt since technically you are borrowing from yourselves. If something happened and you couldn’t pay it back, you would only owe the taxes on it since it was tax free money.
I really feel for you if you go this route, but make sure its something you BOTH really want. We’ve seen this tear couples apart when its too late to turn back in terms of their own $$ spent on a wedding.
I wish you luck though!
Post # 4
Basically we are spending our savings my fiance is still in school and works part time. I work full time and I just picked up another job working prn. So that we will still have money in savings after the wedding I started a new savings account I still put money away each pay but just half as much as before.
Post # 5
My folks are giving us roughly $10 gran. We estimate that our wedding will cost around 30 gran. We decided to live on one pay check and put away the other for wedding expenses. If things get really stressful or tight, I plan to borrow a little bit of money from my 401 k…again this is last resort. We plan not to charge on credit cards and will attempt to pay everything on cash.
Post # 6
We have a $5k budget (seems like a drop in the bucket compared to you girls). I’m trying to get a job as I’ve been unemployed since Dec ’08. We’re living with FIL’s to save money and Fiance is just going to hand over a couple paychecks (or parts of several) to pay for everything. If I can get a job then I’ll pay a lot toward it and put some away for the college course I want to take. My dad is giving us $2k this weekend and some is going to be paid from that. It will be replaced though so that we can use it for the honeymoon.
Post # 7
We’re paying for our wedding too. (Actually, I’m the one paying for everything.) Luckily, I finished making payments on my car 4 months after we got engaged, so that all goes into savings. I have also gotten a raise since we got engaged – that goes into savings as well. I also took a second job waiting tables on Saturdays, in addition to my full time M-F job. I put almost all of my tax money into savings too. So all of this, combined with a 17 month engagement, has allowed me to pay for everything. And so far nothing has gone on a credit card!
Post # 8
We’re paying for our wedding also. We have each been saving $50/week since Feb. 2009 and this week we bumped it up to $70/week and then in January we’ll bump it up to $100/week. That’ll give us just over $14,000 plus a few things we’ve already paid for deposit on my dress and the photog.
We’re definately cutting back but its not been too bad. We have it all set up online so it automatically comes out on fridays and that helps us not skip any payments.
Post # 9
Since we are paying for most of the wedding we are going to have a 1 1/2 long engagement! We decided to do it this way because the area we live in is sooo expensive! We figured if we have that long to save we should be able to have enough for everything we want-within reason of course!
Post # 10
Fiance and I actually opened an ING account and have an automatic withdrawal from our accounts. We treat it as it’s another bill. We learned to live on a lot less and make lunches every day and not go out as much. It’s good because as soon as we get married and have a house we are going to have to live like this anyway.
Post # 11
@roxy thats exactly how we save!
Post # 12
our wedding will be approximately $30,000-$35,000 including our honeymoon.
Fiance did a really good job saving and has already put down $20,000 on our first home (we moved in last august)
AND he also paid off my engagement ring and band within a month of purchasing it.
Future In-Laws are paying for flowers ($1700), photog ($2500), shower ($1500), rehearsal dinner ($1500)
Total – 7200
My parents are paying for 60% of the reception ($9000), half of my dress ($600), ceremony ($200)
Total – 9800
Fiance and Iare paying for 40% of the reception ($7500), honeymoon ($5000), limo ($600), dress ($600), cake ($500), hair & makeup ($800), misc. items ($200)
Total – 15200
We are very fortunate to have our parents helping us and that we both (timing-wise) have good jobs that help us to pay our bills and still put money towards the wedding every month. Between the little boost ahead with my tax returns, i’ve been able to pay for things as they come up with my paychecks. Fiance and I both don’t go shopping anymore for leisure, we pack our lunches every day, and we try not to eat out more a couple of times a month. We watch dvd’s at home instead of going to the movies and we cut coupons and stock up on groceries when we can 🙂
Fiance definitely laid the foundation to being able to have my dream wedding a long time ago! 😀
Post # 13
We are also very lucky to have our parents helping. Our total budget is somewhere around $45,000.
My father is paying for catering and venue – about $25k
FI’s mom + step-dad are paying for alcohol and all pre- and post-wedding events $5k
We are footing the bill for the rest – about $15k give or take.
It’s been tough, but we were doing really well – we were saving $1500+ a month and were on track to pay everything with cash and owe nothing, but my commissions went down the toilet and Fiance was miserable at his job and had to leave and is making less than half of his previous salary now. (This happened about a month ago). It’s been a really stressful time since then and has totally thrown our plan out of whack. We are now $6k short and I don’t know where that money’s going to come from. :-/
Post # 14
We are paying for the wedding ourselves and are trying to keep it under $15K. I am DIY alot of things hoping to save some money and since we are having the reception at a family ranch, we don’t have venue costs, whih helps alot.
I am a big shopaholic but I find that now when I am tempted to buy something I usually think, nah, those dollars could go towards the wedding! We are also saving our tax refund for wedding expenses.
Post # 15
We are eating out less, cooking all our meals for the week on Sunday afternoon so we have no excuse to eat out, I’m only going to Starbucks twice a week (on the days I start work super early) and we have added several more egg meals a week! Good luck saving!
Post # 16
Fiance and I are just working on saving more and spending less. Our budget is much smaller than some of the other gals on here, but we are also planning a more intimate affair of 125 people. Our geographic location probably also plays into cost as well. I’ve learned so far in the process I am a minimalist and therefore a lot of the design and creativity that I am coming up with is beautiful in its own way without being over bearing or excessive. Luckily, my parents are helping with the food/hall. – And my job offers a lot of overtime right now and also monthly incentives that really really boost up the bank account. I cannot fathom putting this wedding on credit. Credit would just put us into trouble that we don’t need soon after marriage. (Much like the rest of the country is already dealing with!) Especially since the fun will be for 1-3 days and the debt will linger for years…