(Closed) Wedding Loans?

posted 8 years ago in Money
Post # 3
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

We paid for our own wedding and I think pulling out a loan for a party/wedding/one day event is silly.

If you are already paying off purchases for your home, that tells me that you are buying things on credit that you probably can’t afford to begin with. SAVE for something. You say so yourself you both have good jobs. So save up! Don’t just assume everything will still be there in a year and a half. It’s just so presumptuous.  But i guess it also depends how much money you’re talking…

I just think it’s dangerous to pull out a private loan (which do NOT have low interest rates) and bank on being able to pay it back over a year. WHAT IF you can’t? There are lots of people who have that issue.

 

Post # 4
Member
4137 posts
Honey bee
  • Wedding: May 2011

SAVE! you said you’re not engaged yet, so set a date that’s 2 years out to give you plenty of time to save up. don’t count on being able to pay back a loan right away. in this economy, you never know what could happen – you or fi could be laid off or suffer a big pay cut. or you could have some emergency that needs money.

stick to a budget for your wedding. don’t go over it, not even by a dollar. plan out your diy projects so you don’t waste money on supplies you don’t need. this is very doable.

Post # 5
Hostess
18643 posts
Honey Beekeeper
  • Wedding: June 2009

This is a duplicate posting so I’m going to close it.  If you want to comment, please go here.

The topic ‘Wedding Loans?’ is closed to new replies.

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