The planning process requires proper analysis of the budget and the setting of priorities. It’s absolutely possible to have an amazing wedding that is on the budget. It’s not always easy to do. The budget may determine the celebrations or the number of functions. Take for an instance the budget is limited, the beautiful, luxurious and elegant wedding cannot be thought of.
Most of the people go on into the debt, rather saving on wedding costs. There are numerous ways to get rid of paying through the credit card or the personal loans. Although, it’s never recommended to have the bad debts, the personal loan may be the starting point. Then take out word for it and save up rather than going into debt.
Extending Your Engagement and Saving Up for the Wedding
The best way to avoid any kind of loan is to extend the period of your engagement. This would help you to generate the budget you don’t have. Many times, the wedding venues are booked in advance anyways. Having one will truly allow you to have the time in advance to have enough time to truly plan the wedding and save up for the items that are nonnegotiable, and even splurge on a few things you've always hoped to have. "I would rather have you postpone your engagement six months to a year to save money,
Taking Out a Home Equity Line of Credit to Pay for the Wedding
The parents or the homeowners, who are planning to tie the nuptials of their children, usually go for this kind of loans. By doing so, they mortgage their properties against the loan and seriously, it’s not at all a good idea. No financial expert and the professional would recommend you such an idea. The parents, usually retired or nearby, usually take the loan against property. The parents get tremendous pressure as they are either near to the retirement or there are the chances that they may fall into the bad debts.
Should you get a wedding loan?
The answer is big no. its really a bad idea to finace your wedding with the money you don’t have, by the way of personal loan or the credit card. The new marriage if starts with the debt, would lead to the financial stress and this is the main reason behind the married couple to fight. The beautiful memories, the love and relationship gets severely affected if the loan or the pressure of money comes in between. The honeymoon ending with the debt would lead to more of the sadness rather.