(Closed) RIP wedding savings

posted 7 years ago in Money
Post # 3
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

Have the two of you talked about your debt habits and talked about money?  Some people just can’t stand debt, but he should have talked to you about what he wanted to do before just doing it.

Post # 5
Member
9824 posts
Buzzing Beekeeper

“He did tell me he wanted to do it, and I couldn’t really stop him, so I accepted it.”

I don’t really like the sound of this. Marriage is about compromise, and disagreements about finances can wreak havoc on an otherwise happy relationship.

Post # 6
Member
2638 posts
Sugar bee
  • Wedding: November 2006

@KatyElle: Agreed, but to be fair he did something responsible with their savings. He paid down debt, he didn’t add to it. I mean, my husband and I don’t always agree on what we should pay off first (his truck or the mortgage?) but in the end we are working for the same thing and have the same views and financial goals, you know?

Post # 8
Member
9824 posts
Buzzing Beekeeper

@daybyday: I don’t have a problem paying down debt. No debt in a relationship is good. I don’t like the quote I read, as that seems like it wouldn’t only apply to the particular incident we’re discussing.

Post # 9
Member
14660 posts
Honey Beekeeper
  • Wedding: June 2011

I have to agree with your FIs move, but probably would have taken more time to talk about it instead of make it a screaming match.  The interest rates on credit cards suck, and you’ll be able to save more in the long run now that you’ve nixed the interest you would have been charged.  Hopefullly the savings can build up again soon.

Post # 10
Member
893 posts
Busy bee
  • Wedding: May 2013

@sherryberry:  Think of it this way, now that you paid off the balance, it frees up more cash flow to put into your savings again and replenish it.

Post # 11
Member
357 posts
Helper bee
  • Wedding: December 2012

I completley understand! Having debt is like dirty dishes in the sink to me, like i think about it all of the time and cant relax until its cleared out.i always freak out and pay off various credit cards with my savings a few times a year. My Fiance only has $3,000 left on his car and I really want to pay it off but he keeps talking me out of it (there is no advantage, I am just obsessed with zero balances). Hopefully it doesn’t set you back to much 🙂 it’s all the same in the end, if you need to later you will probably get zero interest on that card because you were so responsible with it.

Post # 12
Member
1798 posts
Buzzing bee
  • Wedding: August 2011

I know paying off debt isn’t fun, but it will end up better in the long run! Now you can look forward to starting your life together without that hanging over your head! Good luck!

Post # 13
Member
2819 posts
Sugar bee
  • Wedding: February 2013

Good for your FH. You shouldn’t be going into credit card debt to finance your wedding, even indirectly.

Post # 15
Member
376 posts
Helper bee
  • Wedding: September 2012

you have NO idea!

Post # 16
Member
444 posts
Helper bee
  • Wedding: January 2012

I think he did both of you a favour. Having money in the bank while you are paying interest on something else isn’t actually getting you ahead in the long run. Really, he saved you money, which is going to help you reach your wedding savings goal quicker.

The topic ‘RIP wedding savings’ is closed to new replies.

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