However, we expect around 200-250 people (including parent's friends and we both have large extended families). Figure out how to do the wedding on that budget or less.Yeah, I understand the importance of weddings but $45,000 is unusually high.
The winner of the tournament wins a wooden box filled with pez candy and a stuffed dragon. The only cards we took out additionally were the JetBlue American express cards to get the bonus 40k points (we are hoping to travel 100% free for the honeymoon).That being said, we don't carry any balance on our cards. But you need to talk to your fiancée right away and explain that your current plans are not doable.How do weddings get to be $45k? We will check out that link too! Shouldn't your future spouse and/or his family pay half or atleast something close to it?You absolutely can afford 45K wedding. I don't have any other loans or any credit card debt.As for wedding costs, I've drawn up a budget and I expect to need about $45K to cover everything. This actually helps a lot and is exactly what I needed to know about the downsides for a 401k loan.
401k loans are due immediately if either of the former happen.I know it seems like this is what you have to do. Press question mark to learn the rest of the keyboard shortcuts
I have been freaking out about how to actually pay for the wedding expenses and many of the expenses beyond the wedding as well. I am now an adult and I'm learning that's....not always true.Let's say I want to buy a sixty thousand dollar car. Press question mark to learn the rest of the keyboard shortcuts If you have to borrow, then you can't afford to host a wedding like that.You can have the same party for 1/4 that price. While yes, it is an important day, the important part is marrying each other and starting your lives together.
With no money in the bank today, that is most definitely bad debt, not smart debt.Thank you very much for your comment! If approved, you could get the money you requested within just a few days. Don't dig yourself a into a hole for a few hours you can't afford.As a guest, I've always found smaller, cheaper weddings to be more fun and memorable.I recommend that you choose a wedding that is 15k less expensive and pay for it in cash.In your first paragraph you say you don't want to screw up your financial future. Or think of something else. Whose party is it?If you can't pay for the wedding with your savings, it's too expensive.Being that you're a high wage earner, you're probably going to want to continue contributing to 401k for the tax benefit (assuming you plan to continue making big $$) - I would take out personal loan if you feel confident in your ability to pay it off before too much interest accrues.You can't afford a $45K wedding. Just be sure you won't be switching jobs/getting laid off any time soon. You are literally the only person that came armed with an explanation besides "no debt bad! In other words add about 25% to the interest rate and that is what you are really paying (as an estimate). That is really not a BIG deal but is something to consider.But the biggest risk is what if you quit or get fired that can be costly. It seemed like the fact they had already gone into debt for the wedding made it easier to justify spending more since now it had to be perfect. Fast forward 2 years, the marriage falls apart and she ends up getting divorced. While wedding loans can be a convenient way to pay for your big day, they’re not for everyone. It's not.
), I just could never justify that. What you're proposing is a terrible, terrible idea.You need to scale back. My family's rich friends had a blast. When we got married, her parents couldn't contribute to the wedding, and mine wouldn't because they're idiots who think it's the bride's family's responsibility. I will definitely be referring to this later on when I discuss it with my future bride. Whose idea is this (i.e., you or fiancee)? It was painfully watching the little mistakes add up. … My bride to be and I have a joint account at Kay Jewelers, where I bought her ring, we've had the account for nearly two years now with no incident.
Why are you paying for the entire thing?Taking out a loan to pay for a wedding (whether or not it's extravagant) is just downright foolish. My bride to be is freaking out about paying now.Personally, I wouldn't. [] Wedding Loans Reddit 2020 Personal Loan Options. In a Nutshell If you’re happily engaged, but concerned about wedding costs, you may be considering a wedding loan, which is essentially a personal loan that you can use for wedding expenses. We have been working on finding ways to cut costs. Would investing the cash I have in something be a good idea?
I wouldn't want to start out our married life 10k in debt.