Wedding Blog

We’re living off of one income.
We put the majority of my check into ING savings.
Which had a 4.95 interest rate when we opened it.
We also opened up a Amex Blue card with 9 percent APR. I marked in my google calendar when 0 percent ends. I’ll then close that card and open another.
Each vendor that we pay the deposit for we
either use that credit card or move money from ING into my checking and write a check.

Also were not eating our or basically doing anything till the wedding.
No vacations, no presents etc.

Not carrying a ccard balance isn’t weird, it’s financially responsible!! Go you. Loan repayment rates are FAR lower than credit card interest rates.

All I will say is ING rocks. The interest rate on their saving accounts are phenominal. The only downside is it takes few days to cash it out and so, you need to schedule any withdrawal in advance.

I don’t carryover balances on my credit cards either. Everything for the wedding came from me, my parents or the hubby himself. Before the wedding I stopped shopping (as in buying non-essential stuff) for about a year. And no trips, cut back on eating out, movies etc etc. Yes indeed, we led a boring life!=P

We’ve opened cc’s that have zero percent for one year. After the one year rolls around we will be using our cash from relatives to pay off the debt. In my family we always give cash wedding gifts bc we know how expensive it can be. Most of it will be paying itself and any extra payments will be made by us. I’ve had an ING account for two years now and it’s a great. I’ve earned more there in one year than I have earned in 3 years that I’ve had my bofa account. My fi and I also have other basket funds that we put money into like IRA, Money market, leisure, checking, savings just so to be safe. I know it seems a lot but your investing in your family’s future. Putting a little away each month in diff accounts I worth it in the end.

We are also living off of one income alone - mine. Plus some student loans that my fiance has while in law school. Sometimes the topic comes up about why he doesn’t work - well, if you were in law school you’d have an idea. Also, if you made it onto the Law Review at your school you’d have an even better idea. It’s insane how many hours a week he works on school related responsibilities. Thankfully, this semester the firm that hired him for next year is having him do some writing for them. That’s wedding money in the bank! It’s a huge relief, even though in the grand scheme of things it doesn’t seem like much, because living paycheck to paycheck for three full years is extremely draining in every possible way.

I had no idea what an expensive endeavor planning a wedding would become. I knew it would cost a lot, but we’re looking at $25K - which is more than I spent on yearly college tuition. Our parents have been instrumental in helping us secure vendors. They’ve really come to our aid and without us even asking for it. In the end it will be ok because our income is on the verge of tripling, but right now - it’s very tough going.

I just got married in August, it was a small wedding 200 guests, my parents footed the whole bill but I don’t think we ended up paying over 7,000 for the whole thing..

ryc: lol 200 guests is definitely not small by any means - we’re having 100 guests at the Friday’s wedding and around 300 on Saturday’ s wedding reception

Hey Miss Plum. My FI and I did something similar in terms of taking out a personal loan… except that we did a home equity loan, which is in theory, the same thing, since we did it to pay off wedding costs and give us some breathing room instead of having to live paycheck to paycheck. Good luck to everyone who’s saving for their wedding!