(Closed) I refuse to go into debt…

posted 10 years ago in Money
Post # 32
Member
703 posts
Busy bee
  • Wedding: October 2010

I scrimped and saved and when the big day had come and gone I still had money left in savings.  That might change after our appointment to pick out the pictures we’ll buy today (we pay for the photographer’s time and then each picture we want), but, at worst, I’ll break even.  I’m okay with that.

Post # 33
Member
4160 posts
Honey bee
  • Wedding: October 2011

Definitely not going into debt for the wedding!!!  It was FI’s idea to have an over 2 year engagement to save up all the money for the entire wedding ourselves, but honestly I would have taken out a loan if it were just up to me.  I’m so glad he’s there to keep my grounded though, it will feel SO much better not going into our marriage with debt.

We have friends who are $30,000 in debt due to their wedding/HM.  They are also wanting to buy a home, and have car payments so unfortunately they won’t be doing that for a while.

Post # 34
Member
583 posts
Busy bee

We’re paying cash, too! Well, actually I think we’ll charge it on my Nordstrom Visa, pay that off in cash, and then I shall have a free mini shopping spree… Cool But anyway, I have had credit card debt in the past and it’s so stifling to have it hanging over your head, especially when you are just beginning your married life together (I would think)! To each his/her own, but I definitely think it’s wise to spend what you can afford, and either do without the rest or figure out how to tweak the plan and make changes to keep wedding spending under control.

Post # 35
Member
7 posts
Newbee
  • Wedding: March 2011

We are not going into debt for the wedding but mostly bc I am already in debt up to my ears from college loans and not finding a job for almost a year after graduation while supporting my mother. I recently consolidated my debt to pay it off faster and at lower interest – waiting 2 yrs for things to get better never happened.

I am working on my own bills and almost all of our shared living expenses while he dedicates his income to saving for the wedding. Once married we hope to have all debts paid within 9 months and start saving for a house. (In our case, it was HIM who wanted the wedding, I wanted the marriage but felt it was unfair for my debts to deprive him of ONE nice day in his entire life).

I do not feel good about our decisions but I am sure I would feel worse if I forced him to give up his wedding day.

Post # 36
Member
122 posts
Blushing bee
  • Wedding: September 2010

Nope! Paid for the entire thing with cash!

Post # 37
Member
129 posts
Blushing bee
  • Wedding: July 2012

We are paying for one thing every month so not to go in debt. I am realistic and know I can not afford a 3k dress or a 7k reception! We are using our network of friends in the theatre business to do our lighting, a photographer friend, a family member who is a baker and the Ipod for music.

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