So we hit a super snag in our wedding planning. Even though we've been engaged since July 2009 my parents want to hold off the wedding for 3 more years.
My parents do a lot of investing since my dad is retired. Since the stock market crashes last year, my parents still haven't recovered a lot of their losses. I was always told growing up that we had funds for our weddings. My sister got married in 2008. Originally we were planning to get married in August 2010. That obviously didn't work out.
So we started saving last year so we could help with the cost of the wedding. I don't want to put off the wedding anymore. My fiancé and I don't want to elope because traditions are a big part of our families but going from 15K to 10K and then even less than that has put a huge hinderance on our dream wedding.
We put the down on our reception venue, and we are waiting to hear back from my church. I don't want to lose either venue because our date is fast approaching. I'm stressed out and I don't want to take out loans to fund the wedding because we want to buy a house soon after.
Our dwindling funds have me stressed out!
Instead of having a big wedding, have something smaller, maybe with close friends and family and start looking at less expensive places. I wish you the best of Luck.
Here's my 2 cents worth...it's only ONE DAY! There are people that spend literally thousands, after thousands of dollars on there wedding...it doesn't mean your guests will remember it or that your marriage will even work.
We had a 10K budget that covered, church, pianist, singer, reception, food, cake, DJ, alcohol, decor, transportation, and photos (not rings, bridal party gifts, or honeymoon - that we did all on our own.
I bargained shopped like a QUEEN for decor and it was gorgeous...we had the reception at a Parish Hall so rent wasn't too bad and luckily the food was cheap and soo delicious. I also was able to sell almost all the decor afterwards so I recouped the cost on that and the linens I purchased b/c it was cheaper than renting. So I urge you to check on her to see what other brides are selling. Other good sites are www.recycledbride.com and www.bravobride.com to see what people are selling from there wedding. Your guests are never going to know!!!
We still have people that tell us our wedding was one of the most well thought out and beautiful weddings and I know they would be floored if we told them how much we spent b/c they would think it would have been more!
Either way with that said maybe you can discuss with them if they are willing to take at a loan and then they would have the extra time they are requesting to pay it off, instead of waiting. Or the 2 of you can take out a joint loan.
As long as payments are made timely and it's not an exuberant amount the loan may actually help you credit not hurt it when you go to shop for a house
My fiancee and I are also covering our wedding ourselves, with little help.