- 3 years ago
- Wedding: June 2016
House, hands down.
House, hands down.
We had a destination wedding getting married in one of the most expensive cities in the world (Stockholm) and also wanted a high end and more traditional style wedding – I got everything I wanted so yes we could’ve bought an apartment (or small summer cottage outright) from the wedding money. But we don’t regret it at all – we don’t have kids yet and we were about to move from the UK to the US (did so a week ago!) so we were anyway planning to rent for at least the next 2+ years until we decide whether to settle down back in Europe after this experience or stay here in the US.
Even though I have no regrets I recognise that it is a little crazy for one day/weekend + honeymoon to spend so much money and I would’ve been really happy with the same set up for my wedding but with less people and no (free) alcohol but those things were non negotiables for my husband and so the per plate & drinks cost was a major expense of our wedding. Cash bar would be my cost saving tip.
The sensible thing would be to find some sort of compromise on guest numbers or save up for longer until you can afford a 20K wedding and still have 20K down payment for a house available.
Your only young. Buy the house first then start saving for the wedding. You will have more time to plan and hopefully can secure cheaper suppliers in advance! allow yourself a couple of years until the wedding when you will be ready.
If you work hard and you are smart with your money you will get there. This is what we did.
Buy a house and then have your wedding there! You won’t need to pay for a venue – just catering and some decor!
Definitely a house. Like PP have said, have your wedding at the house! Go house hunting/venue hunting all together!
hairstylist101 : we bought our first house recently, and we were able to get a very good interest rate, and they may not last forever. IMO you can have both, a very small wedding with nice touches. Just tell people you eloped. Which is true, even if you stay home and do it, you just eloped to the courthouse, or whereever. Just because you have a very small wedding, doesn’t mean you can’t wear a pretty dress, carry some nice flowers and maybe even cut a small cake 🙂
A wedding is very special, but downpayments for a home are not easy to come by. If you buy a house and change our mind, that is easier to change than if you have a big wedding then regret it. Can’t exactly tell a caterer that you want the money back.
House. House. House. House. House. House. For all the reasons mentioned above.
Buying the house and then having the wedding there is also a brilliant idea. Best of all worlds.
Daisy_Mae : my fiancé makes very good money for his age! He’s a contractor in the Bay Area and works for multi millionaires who flip houses and they have multiple projects going at once. (He started in their company since he was 16 and worked his way up) he’s also a very hard worker and does amazing work! He’s making around 80k a year but he helps his parents with some bills as it is custom in our culture. Lol I’m the one who doesn’t make much unfortunately. Also we personally have been raised to not live together before marriage. (Personal preference and cultural thing) And it’s just a very personal decision. If we bought the house and waited to save for the wedding one of us would live in the house and the other would not and we are planning on purchasing a fixer upper kind of house because fiance loves remodeling. So then we would be paying mortgage on a house and still not living together.
Gsxr06 : hehe thank u!
UPDATE: I think hearing everyone’s advice im going to have a wedding with 150 people, but go with a cheaper venue and have a budget of 10-15k Max. And buy a fixer upper type house. It definetly makes more sense and I know I would regret eloping but I also know I would regret not purchasing a home when I had the chance so house it is! With a very DIY wedding. Lol we have a year to save now! Yikes. Thank you for all your advice!
hairstylist101 : It’s extremely impressive that the two of you have managed to save 30k at such young ages and I definitely don’t mean to diminish that accomplishment- but I just saw your update that you are in the Bay Area. Unfortunately 30k most likely won’t be anywhere near enough for a down payment in that area, even for a fixer upper. I think you are smart to stick to a budget for your wedding, then rent for a few years and continue saving up.
Get the house and get married in your fab back yard
WestCoastV : thank you! We definetly understand that people are age usually don’t handle money well and we are definetly not perfect but we try to save as much as we can! we actually aren’t planning on living in the Bay Area or around it. We want to stay closer to family in sacramento, Roseville and yes the drive and commute is going to be Crazy but he’s currently commuting the same distance as it is, so to him it doesn’t matter lol. Especially because of the better money in the bay than sacramento.
Hmm . . . This is a difficult one, considering where you reside. I’m in California too; the most expensive state in the country where real estate is concerned. A house that sells for around $200 thousand in the U.S. can easily go for $1-3 million in the Bay Area. My daughter and her husband live in Silicon Valley. She works for City Hall and he’s an engineer making a six-figure income. Presently, they can only afford renting a two bedroom apartment.
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