(Closed) I refuse to go into debt…

posted 10 years ago in Money
Post # 17
Member
7298 posts
Busy Beekeeper
  • Wedding: September 2012

We are not going into debt. While it is nice to think about getting a loan to have that big cookie cutter wedding, I have to remind myself that our $10k budget will go a long way. (Mostly thanks to the bee) Before the weddingbee I would have never dreamed of DIY projects and skill swapping for other services. I read a blog (I wish I remembered where it was) where the bride was a graphic designer and she used those services to trade photography, videography, a baker, and a discount on the caterer. SO is a graphic designer so I’m def going to go that route. They way I see it is to start a website, design, and code is going to cost the same amount as some of the above services.

Post # 18
Member
1509 posts
Bumble bee
  • Wedding: June 2010

We didn’t go into any debt.  Fortunately my parents paid for the wedding, but DH paid for my engagement ring and wedding band in cash and we paid for our honeymoon out of our savings.  We also don’t believe that we should ever finance anything unless it is a house.  We pay our credit card bill in full every month.  I could never imagine going into debt for just one day.  If we had to pay for our wedding ourselves, we would have had a totally different wedding with just our immediate family and closest friends. 

Post # 20
Member
929 posts
Busy bee
  • Wedding: December 2011

I would never go into debt for a wedding.  My parents have offered to pay for our honeymoon which takes a huge load off, and by Dec 2011 we’re hoping to save the $20000 needed for our dream wedding, gown and suit, rings, photog, and all the bits and pieces!  I find that saving with a goal (i.e. house downpayment, wedding, that beautiful DVF dress) makes it SO much easier – kinda like counting calories with the goal of looking your best on the big day!

Its awesome to see how many of us are in the same boat! Saving is the new spending!

Post # 21
Member
1297 posts
Bumble bee
  • Wedding: June 2011

We are also refusing to go into debt.  When we got engaged, we picked our wedding date based on how long it would take us to save enough $ to have a debt free wedding.  We wanted to have all the money on hand by April of next year (marrying in June).  Fi & I are paying for the wedding all by our selves, so we had to cut costs (like DIY centerpieces) wherever possible, but we do not feel that we are skimping on having our ‘perfect’ wedding =).  We set up a joint savings account and have an excel file showing our budget for everything! By the looks of our spending so far, we will have all the money we need for the wedding by this December! That’s a whole 4 months earlier than our plan!

Post # 22
Member
256 posts
Helper bee
  • Wedding: July 2011

@UpstateCait: I would love to be able to pay for it all but it just isn’t possible. My parents are not able to help financially. Our budget is 15000 but we don’t have that in savings. I know that I am going to end up putting some stuff on a credit cards because I can’t really get our budget any lower and we just don’t have the money. We want to share this day with our friends and family and its hard to spend much less than our small budget.

Post # 23
Member
2819 posts
Sugar bee
  • Wedding: February 2013

We are absolutely against taking on debt to finance one day, just like you. It may be a very important day, but it’s not so important that we should risk our future for it!

Post # 24
Member
7298 posts
Busy Beekeeper
  • Wedding: September 2012

View original reply
@UpstateCait: Life in general should be more of a barter/trade system. I mean, once you really think about it, your videographer charges as much as my SO charges for some websites and blogs only because of the hours of design and coding. So what’s wrong with trading services? Need a website? Well we need a photographer, videographer, ect. lol

Post # 27
Member
15144 posts
Honey Beekeeper
  • Wedding: June 2011

No debt here!  I use credit cards and pay them right off for the points and cash back, which really paid off cause I just redeemed about 1k that I had racked up in credit card points over the years.  Luckily I have no school loans, no car loan, just a big fat mortgage.  I’m really good at saving and watchign my spending, so paying for the wedding is no problem.

Post # 28
Member
2239 posts
Buzzing bee
  • Wedding: May 2011

It never occurred to me that loans or credit cards would even be an option to pay for our wedding. I always knew we would have a budget affair we could afford to put on ourselves. But now that I know people use loans and credit, I understand how a lot of folks I know have expensive weddings when they don’t make much more than we do!

Post # 29
Member
947 posts
Busy bee
  • Wedding: May 2011

Many of the vendors we looked at didn’t take credit cards.  It was actually very surprising since I’ve heard some folks put their weddings on credit cards.  Most of our vendors want a check or cash, the one’s that did accept credit, we used our credit card for points.  A year was enough for us to save for our budget.  Fiance and I are paying for it ourselves and have split the costs between us too.  We haven’t merge funds yet. 

Post # 30
Member
893 posts
Busy bee
  • Wedding: September 2011

We don’t plan on taking any debt out for our wedding either. We are lucky that we have a lot of people pitching in to help pay for a portion of the wedding (my parents, grandmother, his parents, and us).

My engagement ring and wedding band were also paid in cash. That makes me more proud to wear this engagement ring than almost anything else.

Keeping control of your finances is one of the best things you can do for a marriage, I think.

Post # 31
Member
500 posts
Busy bee
  • Wedding: June 2011

Ditto!!! We are saving each month to pay for everything ourselves – no parental help.  I am all for not having debt!

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