Post # 76
- Wedding: May 2016 - Sussex, UK
So what do you want people’s responses to be? Your friends are all wrong and you should take an extra job so you can fly first class?
We flew long haul business class and stayed in 4 and 5 star hotels. We didn’t have to save or go into debt. It cost a lot but of course we could have spent more if we had flown first class and stayed in the most expensive hotels but why?
What are your plans then? Are you both looking for second jobs?
Post # 77
you asked why credit cards get such a bad rep. Well 2 things
: 1) it’s dishonest to borrow money when you don’t have the funds to pay it back promptly.
2) credit cards make money off you for borrowing money and not paying all of it back promptly. Then you gain more interest, pay more money, and go into debt because of it. They prey on stupidity, but like the saying goes people can only take advantage of you to the extent you allow them.
Post # 78
My dream honeymoon would have cost a much as the wedding. We are going to Mexico because that is what we can afford. There are many man anniversaries ahead.
Post # 79
It sounds like you were at least moderately responsible in how you used your credit card to fund your honeymoon. Personally, I would never advise anyone to take on a large chunk of credit card debt that they cannot pay off immediately, simply because it can spiral out of control very quickly. You plan to pay it off in x number of months, but suddenly a medical bill pops up, your car breaks down, one of you gets laid off, a local emergency occurs and you’re evacuated for weeks… so many small things can completely tank you if you’re already in a tenuous position with debt and that is what makes it inherently risky.
I think you were very creative with the way you took advantage of the specific kind of credit card and your points system and I applaud you for that. It also sounds like the amount you ended up paying in interest was likely offset a great deal by the points you were able to rack up to pay for the vacation. When people know how to use credit cards properly and how to take advantage of points systems like that, it absolutely does make sense to do so.
I do something similar with my Visa. I literally run EVERY cent that I spend through my credit card, but I only spend what I know I can pay off on payday. I rarely carry a balance over into the next month. Through my RBC points system and the level of card I have, I’m able to pay for about $1500 a year worth of flights for free. That is how I pay for my flights home to see my family, which means I don’t have to dip into my actual vacation budget to do so.
I think the main reason people on here (and in general) are so “against” using credit cards for weddings, honeymoons, etc is becauseof the inherent risk I mentioned above. If you’re only using the credit card to rack up points and paying it off right away I don’t really count that as using it. When people say they are against using a credit card to pay for their wedding or honeymoon, they mean using it to FUND the thing. It is incredibly irresponsible and risky to rack up $15,000-50,000 in credit card debt for a one day extravaganza or 2 week holiday.
Post # 80
The dream for us would be going to Oman (to see Muscat and visit his grandfather’s grave). Hotels there aren’t bad (5 star for about $200 a night!) but because I have some health conditions we need to fly business class and the flight would be way too expensive (around $8k to $10k for two people) for us to go as a honeymoon. We also just needed more time – the flights take about 20 hours so we’d need to add that into the trip and neither of us has that kind of PTO right now.
We decided we’ll pick a shorter, closer trip (Most likely 4-6 days in Washington DC since all the museums are free!) for right after the wedding – staying at a nice Airbnb and still flying business class because of my health restrictions – and then start saving so we can go to Oman for either our fifth or tenth anniversary!
Post # 81
I wouldn’t put so much emphasis on a honeymoon. If I wanted a dream vacation, I would start saving up and go when I had the money.
Post # 82
I had a luxurious safari honeymoon.
We took it 8 months after our wedding due to the amount of time we needed to take off and we wanted to ensure that we had enough time to rebuild our nest after paying for our wedding.
BUT I would have loved to add on another week to our trip and end somewhere on an island… we did the dream vacation that we could afford
It sounds like you could go to the Maldvies but you just need to flex a little bit on your dream.
Post # 83
You definitely don’t have to answer, but I’m curious what kind of health conditions require first class flights?
Post # 84
If you don’t want to ‘settle’ like us hoi polloi
here do, that’s your call. But if you’re going into debt for it, don’t expect us to respect it or be in the least bit impressed. If it were truly a once in a lifetime thing, that’d be one thing. Trouble is, it leads to inflated expectations of what you ought to have, and can spiral out of control really quickly.
Post # 85
In all honesty – while I wouldn’t mind sharing – it’s super long and complicated. Short version: I have a rare chronic autoimmune disease that can flare due to a long list of triggers and the more control over my environment I have the better – business class/first class offers a much higher level of control over your environment than economy and thereby reduces my likelihood of getting too sick to function.
Post # 86
Credit cards get a bad rap because people are irresponsible with them. Well, many are. Not all. A lot of us use them almost entirely. I put every single thing on my cc except what I can’t (my mortgage). I just have a savings and I don’t put on more than I can pay off. Just all my regular expenses and bills. I’ve never paid any money in interest in over a decade but I regularly get $150-$300 cash back each month just from using it. Other people save up the points.
You should put travel on a credit card, assuming you can pay it off with no interest (so for most cards that is a 30-60 day turnaround) except for maybe special promotions (which you can also work in your favor I suppose but then you could run into trouble if you don’t have a savings for backup and some extenuating circumstances happens)
Post # 87
I’m sorry you have to suffer with that! Sorry for being nosy as well. Thank you for sharing 🙂
Post # 88
I think the honeymoon is probably the time to take a laid-back, cheaper trip. Right after the wedding, most people are exhausted, emotions are still running high, and cash is strapped. You have the rest of your life to travel to exotic, once in a lifetime places. Why try to do all the once in a lifetime stuff at the same time?
Post # 89
It’s not a sin to spend “extravagantly,” it’s just stupid, and is very likely get you into trouble sooner or later.
Whether or not you can justify an expensive trip depends on a lot of things. How old are you and your fiancé? What is your combined income? Debt? How secure are your careers and is your income likely to rise significantly in the near future? What are your expenses? How much savings will you have after the wedding? Do you have an emergency fund or insurance in case of major loss of income or other emergencies? What are your major financial goals such as a home, car, children, retirement? Are you on track saving for those?
When you are ready and willing to answer these questions, then people will be in a better position to advise you.
Post # 90
Exactly, the amount we did pay in interest was offset by the $4000 hotel room we got covered! And I am not going to lie, we did not pay it all off all the way, maybe 75% right away and paid the rest down over time. We carried a decent balance and still have some left (high for some standards) but well within 20% of the credit limit. But we also just qualified for and bought a new home while still carrying a credit balance, because of our incomes and credit limits. I do agree that some are very irresponsible with credit cards, but at 2 Marriott points per dollar spent and 6 Marriott points per dollar spend within Marriott, it pays for itself! (now I sound like the credit card sales woman hahaha)
Compared to a 40K wedding, we only spent about 3K in Hawaii because of the points. I can’t imagine spending as much as the wedding on a vacation though! As much as I want to travel the world, I’d prefer to go many more places than fly first class and drop all of our money on one honeymoon.