Re: Wedding debt..
06-30-2012 05:35 AM
There are a lot of great ideas! It's good that you two are talking about this stuff now rather than in the moment of deciding to spend $50 on a cake serving set or $200. After being married for 10 years, I couldn't even tell you how much we spent, but it wasn't a lot and we're still married. It's not the amount of money spent that makes the wedding memorable but the people who really matter that are present. $10k for one day is a lot. If you're putting this on several credit cards, average out your monthly payment if you pay the minimum and see what that comes out to with your current interest rate. Factor in paying your student loans as well and any other outstanding debts you have like a car loan. Just understanding what that monthly payment will be for those things will put reality into sharp perspective.