Should you borrow money to pay for your wedding?
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The answer to this question is simple . . . No!
This was recently addressed recently in a newspaper advice column, and Teresa Dixon Murray gave a very logical answer. Starting off your marriage with debt is a terrible idea. Consider eloping, or instead a very frugal wedding.
Now, nobody is saying this will be easy. Grooms will have to deal with their bride’s fantasies about what their wedding should entail. But that also offers a perfect opportunity to discuss a budget. Many young couples don’t deal with this before marriage and that leads to a host of problems. Having these discussions now is critical and both of you will learn things about one another and how you might be able to manage money together.
Once you have a budget, you can do all sorts of research to find deals or creative ways to handle different aspects of the wedding.
These are big decisions, but taking the easy way out by getting a loan is the wrong way to handle it.