(Closed) Paying for a wedding with student loans?

posted 4 years ago in Money
Post # 76
Member
470 posts
Helper bee

Some ideas:

1. Be careful with the DJ cost. I started out with fantastic ideas about getting a $600 DJ and realized that it’s one thing to make a budget, and it’s another to realize how much things actually cost.

2. I agree with the officiant — way too much money. Ask a friend to get officiated for you, so long as you know someone who is articulate and would take the position seriously.

3. The accessories — I know you can get veils cheap online (I’m not wearing one, so I don’t know). The other accessories, which I assume are jewelry, are things you can crowd source — borrow nice pieces from aunts and mothers, and also, if you have the time, request pieces for birthday/christmas gifts. Buy a pair of flats or heels you know you’ll wear again, and you can use your own, normal spending money, and not the wedding money.

4. Invitations — get the times down ASAP, get your design done, and wait for a vistaprint sale. The linen print invitations (using your own design) were like $70 for 130 invitations, and 2 inserts. I waited for a 50% off sale, but I highly recommend having the design sitting and waiting for you.

5. Don’t forget to budget for postage.

6. Instead of having this $1000 “emergency” fund, i’d sit down and really think of every little thing you need. Sure, there are last minute upgrades and such that can happen, but if you’ve thought of every last detail and paid for it, then there’s no room for those upgrades. You’ll save money in the end.

7. Contact elite art and photography universities nearby and post on their job website. Their alumni watch these pages like hawks. It’s how I found my photographer, who is extremely talented and reasonable. Since getting our contract, in fact, she’s doubled her price.

Post # 77
Member
470 posts
Helper bee

ALSO — dont do groomsmen flowers. They’re a waste of money and often look messy. We had each guy pick out their own pocket square (within a specific color range) — they spent between $5 and $10 each.

Post # 78
Member
197 posts
Blushing bee

My sister graduated with her PHD in like 2003 and had $160k in student loans because she financed a lot of her “living expenses.” She still has $160 in loans today. She had an awesome job out of school too. Things do not always go perfectly.

Post # 79
Member
1050 posts
Bumble bee
  • Wedding: July 2015

View original reply
stephyhansen :  Since others have already commented on the student loan and credit card ideas, I won’t say anything about that.

I, personally, wouldn’t pay for a DJ. Most of the weddings I’ve gone to without a live band had a friend do the DJing or control the ipod. We had an AMAZING band at our wedding and only paid $1000 in a very expensive city. We found them on thumbtack. They had a lot of experience, sounded great, and were exactly what we were looking for. And, there was no catch. They were just genuinely nice people who enjoy playing music and very willing to work within our budget. I’m telling you this story, because you can find deals. You just have look around and try thumbtack- it’s great.

$500 is a but less than what we spent for flowers, but if you DIY you can probably do it for less than that. Maybe just do bouquets and do something else for centerpieces like candles.

For favors, we made vanilla extract. I bought cute glass bottles online, vanilla beans, and cheap vodka. For 150 people, we spent under $200.

For photography, we were fortunate to be able to use a close friend of my sister’s who didn’t have a lot of experience with weddings in the US. However, he had a beautiful portfolio of wedding photos from his country and also tons of other amazing pictures outside of weddings. We paid $1200 for 8 hours of coverage, 2 photographers, and about 800 edited photos. I found plenty of others who offered similar packages and just didn’t have as much experience. Some of them were clearly not experienced, but I remember really like a few photographers we came across. I agree that photography is important, but I would open up your options a bit more because you might be surprised at what you can find.

Post # 80
Member
1339 posts
Bumble bee
  • Wedding: October 2016 - Painswick Church and the Falcon Hotel

Have a more affordable wedding! Going into debt is the worst idea ever

Post # 81
Member
3658 posts
Sugar bee
  • Wedding: January 2000

Situations like this is why I roll my eyes at any politicians who say our society needs to forgive student loans. The OP is not alone in living large on her student loan money.

 

Post # 82
Member
5362 posts
Bee Keeper
  • Wedding: May 2016

Shit like this blows my mind…

I’m so thankful that I’m not like most Americans and don’t believe that debt is “normal”… I’m also very thankful for my plan B income that allows me to fix the roof before it leaks…and not make beyond stupid financial decisions. 

Post # 85
Member
2689 posts
Sugar bee
  • Wedding: May 2015

View original reply
stephyhansen :  We actually had to come up with an extra 6000 last minute because my husbands mother (will never call her MIL) made a promise to us about a contribution and reneged less than 3 months before the wedding. We scrambled, cashed in savings and worked A LOT of overtime. It was miserable, but I’m so gladd we didn’t do it any other wy because we paid off the wedding maybe 2 months after max.

I’m not sure if this has been asked but it seems as if your wedding isn’t so soon. Why not totally scale back and go to the JOP and have a small party after? I know it probably isn’t what you want but it’s a suggestion. If we had enough time and notice to guests we wouldve reworked more than we did.

Post # 87
Member
3658 posts
Sugar bee
  • Wedding: January 2000

View original reply
stephyhansen :  It sounds as though you wont be using student loan money for your wedding reception?

I wish you well, and am sorry that my comment wasnt helpful. I do think many people dont realize the complex payback requirements of students loans. Perhaps your loan program isnt complex and/or you thoroughly understand terms, but many people get stuck in owing more than they borrowed and then they cant get out from under the debt. 

I’ve read too many tales of woe to be complacent about student loan debt.

good luck.

Post # 88
Member
827 posts
Busy bee
  • Wedding: October 2015

Here is what I would do:

Officiant: Do you have any friends or family who are good at public speaking who would be willing to do the ceremony? My dad became ordained for free online and performed our ceremony. That would save you $500.

STD & Invitations: Can you scale down the invitations? Thick paper, envelopes, stamps, and your own printer should be able to do the job for $100 or less.

DJ: Can you use an IPOD playlist instead of a DJ and save this $800?

Tux: We ended up using a rental shop that provided the groom’s rental for free if there were 5 paid rentals in the party. DH had 3 groomsmen who were willing to rent their tuxes there, and both of our dads also rented tuxes there (didn’t have to be the same style as the groomsmen or the groom), so DH got his for free.

Wedding rings: Are you willing to consider titanium? DH’s ring cost $40 online (titanium with a gorgeous inlay on Amazon). On ebay, you can get lovely titanium or stainless steel rings for less than $10. Some of them are colored to look like yellow gold, while others look like white gold, or others are a darker gunmetal grey color, depending on your preference. Many companies online sell “his and hers” versions (6mm thick for guys, 2mm or 4mm for women), and some have engravings or inlays. I recently bought matching wedding bands engraved like the “One Ring” from Lord of the Rings as an anniversary present for DH and myself, since we are going to New Zealand (where LOTR was filmed) this year – these rings are gorgeous and only $3 each on Ebay!

Photographer: Post on thumbtack and find a less expensive one. We found a wonderful photographer who spent all day with us and gave us a fabulous CD of photos for $350. She was working on building her wedding portfolio, and had our day available, so she gave us a price that fit our budget, even though it was much less than her usual price. Such a steal!

Post # 89
Member
237 posts
Helper bee
  • Wedding: September 2014

I would find it embarrassing to be in my thirties and have my parents paying for my wedding…

I paid for my own and invited my parents as guests. They did their job and raised me well but I am in my thirties and no longer on their payroll.

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