Does anyone here have wedding debt?

chrissyvcm

Just curious, because we do. Our goal for 2010 is to pay off all of our debt, aside from our vehicles (we don't own a home).

I know it's an absolute no-no on TK to have a bigger wedding than you can afford, but we did and I wouldn't have done it differently. I had my pretty princess day just the way I wanted it and threw an awesome party, even though our savings came up short to cover the costs.

Are we the only ones?

Philly6*6*09

I do! I do!

I had high balance's on two CC's...but I have since paid off the one.  One more to go! 

Leigha12

No, but I have other debt from having used a bit of my savings to supplement what my parents gave me, and afterwards racked up a little debt from being unemployed and no longer having enough in my savings to help me out. So, it's sorta wedding induced debt.

shagadelk7

The only thing I charged that pertained to the wedding was the honeymoon. It wasn't cheap. I am definitely still paying that off. I took the honeymoon I wanted and even now, having to pay it, I wouldn't have done it differently.

stjoespirit04

I have CC debt left over from the wedding, but we also paid for it 100% ourselves. Like Chrissy, I had my pretty pretty princess day and I didn't blow $50k on my $25k budget, but it still went over on our fresh out of college salaries.

We're planning on using our entire tax refund on CC debt, which should pretty much eliminate everything we have in debt minus our cars and student loans. Thank God.

luckycooky

No but we completely drained our savings and still have not been able to build it up to near what it once was.  We do have other debts that we are working to pay off and should get a few of the smaller ones taken care of soon! 

hawkilady

We don't but we used a good chunk of our savings to pay for our HM and what our parents didnt contribute.  I'm extremely grateful that both of our parents helped us out.  While I would have done some things differently if they hadn't, I wouldnt have changed much we just would have emptied our bank account and probably incurred a little debt as well. 

Our goal for 2009 was to pay off any debt excluding house and cars and we accomplished it by September.  It felt so great to pay off that last CC balance.  We are lucky that we dont have student loans to pay off.  DH's car will be paid off in March so then we'll just have the house and my lease payment which should greatly help our 2010 savings goal.

megs1383

I have a little debt. My credit card balance has gradually grown before and since the wedding. so i guess i spent a little more than i should have, but i didnt get the raise and cost of living increase in '09 that i expected, so that's probably part of the cause of my miscalculation...

mrscdobs

Hell, HELL no.

We paid for our wedding 100% on our own and it was always a priority for us to NOT use credit.  We saved a ridiculous amount of money every month, went without certain things, and then had the pretty pretty princess day that I so wanted.  

We're really young but we stuck to a 25k budget in a year's engagement.  It also helped that my student loans were still in deferment the whole time because that was one less expense to deal with.  We also took on a mortgage and a car loan AFTER the wedding.

I left my reception on June 27 with no debt and it made it that much more enjoyable to me.   That way, our gifts were our own to use, and three months later we were homeowners.  I wouldn't change a thing about how we chose to arrange our finances.

chrissyvcm

mrscdobs:

Hell, HELL no.

This did not make me feel better CDobs! You're a judger, I feel it!! We went over our original budget by about $20k, unfortunately. Some of that overage was covered by our savings, but definitely not all of it. Le sigh.

mrscdobs

Chrissy, I judge you a LOT less due to our current conversation.  I envy you!

chrissyvcm

mrscdobs:

Chrissy, I judge you a LOT less due to our current conversation.  I envy you!

Really?! I'd think it'd make you judge me more!

mofe

We put away 1k a month and all tax refunds went into the wedding fund. We ended up saving more than we needed to for the wedding (which was awesome b/c it's sitting in the bank still).  We did get some help from our parents which was really nice.  We're glad that M's parents didn't pay that much compared to what they gave M's sisters.  We got some money from my parents as well. 

LarkNow

I have honeymoon debt.  We used wedding money to pay off the debt on DH's CC, but mine's still lingering.  It's not much, but I want to get rid of it and be done with it.