- 6 years ago
- Wedding: July 2018
House is more important than a wedding, always.
House is more important than a wedding, always.
There are days when I look at our estimated costs for the wedding and it makes me sick because it would be a decent down payment on a house. Then, there are the days that I’m not too worried because if we saved just as much right after our wedding, we could build out bank account up to the amount pretty quickly. My estranged father just also offered me ~$10k towards a house down payment if we put our differences aside (which would make an even nicer down payment on top of what we were already planning to save up) so I’m feeling a little better about our decision to spend as much as we are on our wedding.
I’m kinda surprised this is even a question. Like somewhere you’d live for YEARS being delayed by how long? Versus a one day party. Seems like a no-brainer to me!
We choose to have a destination wedding so that we could save for a down payment on a house. Even though we had an at home ceremony that was paid for by his parents and we took care of the destination wedding which was about $7000 in total. We were then able to buy our house about one month after the wedding!! I’m so glad we wentthe route we did because weddings where I live start in the $30,000 range and ther was no way I was spending that on one day!!
@rockymtn101: I’d suggest getting the job situation handled first so you have a better idea of a location in which to buy. If the choice id definitely between house and wedding, I’d say go for the house and have a small, inexpensive wedding. I like the pp above who bought the house and had the wedding in the yard. That can be a beautiful option. Good luck! A wedding is one day but it’s all about the life together.
My Fiance and I are actually in the process of buying a house now and were getting married next June. We’ve been saving for about 4 years or so now. We got engaged Nov 2011 and in order to have our big wedding and buy the house of our dreams we were gonna have a longer engagement than most people. Actually 2 years and 7 months. Which worked for us in order to have what we wanted, but it isn’t for everyone.
We had a destination wedding, so definitely more expensive that a justice of the peace. However, this allowed us to put down a 20% down payment on a house the same year, whereas if we had had a local wedding I am sure we would have only been able to put down 10-15%. I think it was well worth it!
@rockymtn101: I would recommend checking with a mortgage broker or a real estate advisor because when we applied for our first mortgage, we were almost denied due to length of employment history. I had been working for two years consecutively after college at the same company, but Fiance had just finished school and was starting in his field. The banks required my Fiance to have his company provide a letter that he was going to be a long term employee (not temporary or short term) and they wanted proof of his schooling to make up for not having consistent full time employment. If you are considering changing jobs, I would do some research into if that would fair well for you if you planned to buy a home first. Because your SO just got a new job too, it might make you guys look unstable to a bank, even if the jobs are well paying and you have a sizeable down payment etc.
I don’t see the harm in renting a place together and focusing on the wedding first. Do what feels right for you as a couple.
You could always do a happy medium with a very intimate destination wedding… a lot of places will give you a package deal for like 15 people, including wedding ceremony, for about 1500. Does that appeal? That way you could save most of your money and still feel like you’ve done the ‘wedding’ thing if that’s important to you.
I also know couples who’ve had an absolute blast doing courthouse weddings. Just because it isn’t a big white wedding doesn’t mean people can’t come watch and celebrate with you! My SIL had someone marry them on the beach by their house and then they went out with friends for celebratory meal at a restaurant. Weddings can be super cheap if you just treat them like parties instead of going for all the wedding hoopla.
We brought a house. We’ve been engaged for four years, and owned our home for three and a half… We are getting married next year.
@rockymtn101: If I had to choose, I would choose to use it for a down payment. A wedding is awesome, but it’s only one day. We won’t have that problem though. Boyfriend is closing on his first place next week and we aren’t engaged quite yet. We’ve been to look at rings and he said it will definitely be before the end of the year though.
I personally would buy a house, just because I’m not in a super rush to get married. I’d like it to happen within a couple of years, but right now I’m just satisfied with becoming engaged in a couple of months.
We did it backwards….bought a home first, and getting married at the end of 2014. Gives us time to save for both, and we wanted to jump on the low interest rates while they’re still available.
We will still have the wedding of our dreams, but if we had to choose? The house, hands down!!!
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