Wedding loan

View Quoted Comment Haha... love it 😂
I was a little shocked when I read the advice that government doesn’t check what you use your student loan money for. Um... no, thanks, student loans are for going to school, not for throwing a wedding party 😳

This is why long engagements are good for broke people. Like us. We had a long engagement, almost one year and half and we just saved and saved and we didn't even need to sacrifice anything. We have most of our wedding already set and done and we are a year away

View Quoted Comment

This pretty much summarizes it. You already have loans that you will need to pay off. Why add $10,000 more? Only spend what you already have, not what you don't have. There are so many threads in this forum with advice to help you cut costs on wedding planning and tips to save money for your dream day.

Don’t do it! Have the wedding you can afford now and not one you’ll still be paying for at your 5th anniversary. Lol. That’s unnecessary!

My question is this ....if you took out a loan for 10k (not sure the exact amount) will u pay it back within your first year of marriage? If the answer is no then don’t do it. If you can then I say go for it. Or wait a year and have your wedding. If you can TRULY say taking out this loan won’t put a strain financially on your marriage or your pockets then why not. But from what I read you have other obligations that may need your financial attention sooner than a wedding would.
Ultimately it’s your decision hopefully you can take what you have read and make a wise choice. Good Luck!

I completely see what you are saying, but I would say maybe you need to wait a little bit longer to save up money as others said ( the money you would pay towards the loan) I put wedding plans on hold, my fiance is between jobs, and looking at maybe going back by school/police academy, and we want to to buy a house (doesn't have to be our forever home just something small we can start fixing up) before our wedding, I am working two part time jobs and struggling but saving a little at a time, I keep telling people we are looking at 2-3 years before we get married.

View Quoted Comment All of this. I'm in a city with an infamously unreliable bus system so I find this idea of not needing a car to be amazing.

Debt puts stress on a marriage, and one day is not worth risking what could happen if an income you need is suddenly gone, if someone gets sick, etc.

I would not take out a loan. It is not worth paying it back for a day. Ways to save cake and punch wedding, shorter wedding , DIY or Etsy cut down flowers.

Um no I highly recommend you have a wedding that you can afford without a loan. If he’s the one paying all the bills then I agree with his frustration.

Don't take out Loan!! Start your marriage right, if he's a great guy, do a simple wedding, have your reception at a restaurant and it will be lovely!!!

View Quoted Comment Get a longer engagement.. I'm sorry but most of divorces occur because of financial difficulties. Just figure your stuff out before getting into debt, at least.

I would never consider going into debt for my wedding. Plan a wedding you can afford.

Where is the OP now? She’s getting all this great advice yet she’s MIA and hasn’t responded for quite sometime.... Hello

View Quoted Comment Yes! This! You sound very sweet and I'm sure you two love each other very much. I wonder, though, if maybe there are some underlying issues that Adam may be having? It may help to create a safe non-judgmental space for him to share what is truly bothering him. I don't want to go through all the potential issues because I don't want to create problems where there aren't any. I will say that my FH is still paying off a credit card bill from his first wedding 8 years ago. Loans tend to linger for a long time and now his bad decision is negatively impacting our future. I know no one goes into marriage thinking they'll break up, but it happens all the time. Now we have to wait longer to get married because I've got a TON of student debt from law school and I dunno if we'll be able to buy a house or have kids because I don't know where the room in the monthly budget will come from until we get out from under this cloud. Oh and btw, I want a wedding. I mean he does too, but he'd be fine with a courthouse wedding. I wish I could talk myself into it.

View Quoted Comment Do you know how many people don’t get to go to college cause they can’t get any loan? Or be able to buy a house?

View Quoted Comment Tell that to the person who did not get a loan to go to school.
Say Hey you worked your backside off but denied a student loan. I took extra money out saying I needed it for college. But I took 10,000 plus and had a wedding.

View Quoted Comment Tons if couples wait longer then three years. Yes in a lot of areas there is no public transportation so you need a car. A college degree is needed for most careers.

View Quoted Comment I agree so much! I have so much debt that I got from school both in loans and personal stuff to my parents (they didn’t save for retirement so I could go to school and I feel so responsible to pay them back so they can retire and actually enjoy this chunk of their life). I have been super open to him about it and how much I make. I don’t want him to feel responsible for my stuff but also talking about all of it an coming together as a team. I don’t want him to resent my loans and I don’t want to resent his!

View Quoted Comment Same. See my relly below.

If you live in my area, you need a car... Cars can unfortunately be considered a need. I got my self a small used car loan. It is better to save up for it but my previous 4 year old car was unexpectedly totaled (not by me) and completely paid off.

College is a need and I only recommend taking out the bare minimum for that.

A house is a need.

A $10k wedding is not a need. My fiance and I split the cost and we're spending 2k each.... We can't afford a 10k wedding. I have a car loan, bills and a mortgage. You can scale down the guest list. You can scale down the venue. Everyone will understand if you elope and have a vow renewal when you can afford a 10k wedding.