Help with finacing a wedding?

my fiance and i plan on marrying in about two years in the spring of 2010. We at least want to save $20000 for the wedding and take out a loan for another $20000. is that a good idea we have good credit. Is there other options ,do you know of any good banks that offer low interest rates.o and dont be a idiot with a wise dum *** answers like dont get married.

Help with finacing a wedding?emergency loan

well you could take out the loan, but do you want to start married life in debt? I could offer this. cut your expenses. save at least 20% of each paycheck into separate accounts. cut back on trips, eating out, buying expensive jewelry. Ask your families for money if they are willing to contribute. Use your local parks and recreation. I hope this helps.

Good luck.

Help with finacing a wedding?

loan

Don%26#039;t get a loan for your wedding.

Save like crazy from now until then. Get an additional job if you need it. Just don%26#039;t get a loan.|||I agree. Loans are BAD. Especially for a wedding. You can save as much as you can and budget from there. Besides, who says bigger is better? I understand that weddings cost a lot, but there are a lot of ways to save money.|||They say if you can%26#039;t pay off your wedding within a year, you%26#039;re spending too much. I think anything over 10 thousand is a little too much for a wedding. You could spend that money on a nice honeymoon, or a brand new car, or a downpayment on a house. If you really want to spend that much, I think it would be best to just save up and put it all in a high-interest rate savings account so you can get extra money out of it. But don%26#039;t take out a loan. You%26#039;ll have plenty of those with house and car payments and college for your future kids =).|||OMG - do NOT get a loan for a wedding! It breaks my heart that you would put yourselves into debt early into your marriage just for a wedding. The wedding is a celebration of you TWO committing forever, not a SHOW. please, don%26#039;t get a loan. Make the best of the money you have available for the wedding.|||Just a bit of advice, it is never good to start off a marriage being in debt $20,000.00. If possible try to scale it back a bit.

You can have an awesome wedding for the 20,000 you are going to save.

Plus, what happens if you get pregnant right away?

It would be a strain to be paying $400-500 or so a month on a loan plus baby expenses.|||You can have a gorgeous wedding with what you can save and afford without getting a loan! It%26#039;s never a good idea to go into marriage so far in debt.|||My dear dontstop. You have champagne tastes with a beer budget. Not a good idea, my dear. Taking on a $20,000 debt at the beginning of a marriage is not a good foundation for a marriage. I happen to be someone who has worked very very hard my whole life, and have saved my money to be able to have the things that money can buy. I can tell you as someone most would consider to be successful financially, that any kind of credit card loan or personal bank loan will be high interest, and will be the cancer of your financial situation. And, the attitude behind this is more destructive, because with these tastes, honey, you will only want more, and will go in further debt. Try living within your means, my dear. Money does not buy happiness. Love does.|||Its not a good idea to put yourself in debt for one day. Honestly you can have such a nice wedding for 20000.|||I am planning a wedding myself right now. It is very tempting to put it on credit to have a nice wedding (and we are only planning to spend about $10,000). However, we are trying to save as much as possible before then.

I have heard a good rule of thumb - if you do put anything on credit - is to not take on any more debt than you could pay off by your first anniversary. With the way the divorce rate is today, it is crazy to pay for a wedding so elaborate that the bills/debt outlast the marriage (not that you nor I is planning to get divorced of course).

Good luck no matter what you decide!|||I agree with the others, please don%26#039;t get a loan. The good thing is about your wedding date, it%26#039;s in 2010. You have two years to reap the benefit of off season sales, learning various wedding diy (do-it-yourself) projects, and adding things to your decor along the way. The money that you already have alotted should suit you just fine.

Use the time that you have searching the web for creative ideas that will save you money, purchase wedding magazines and gather tips and resources for buying what you want inexpensively. It can be done.

Plus, you can begin to save and have money to purchase a home if you haven%26#039;t already done so.

Congratulations on your upcoming nuptials and happy planning.|||Honestly, you%26#039;re out of your minds to borrow $20,000 for a wedding. Do you really want to be paying your wedding off on your fifth anniversary?! I%26#039;m not going to tell you how much to spend on your wedding--go ahead and spend $40,000 if that%26#039;s the kind of wedding you want, but spend that much only if you have that much. I don%26#039;t care how good your credit is: a $20,000 personal loan will cost you big. And, don%26#039;t forget to add in how much the interest is to the total cost of the wedding. A $20,000 loan at 10% interest over five years will cost you $429.94 every month as a payment, for a total payback of $25,796.40. So, you%26#039;re paying $45,796 for $40,000 worth of stuff by borrowing $20,000. And you have no physical asset to show for it. That doesn%26#039;t make any sense.|||If you can%26#039;t afford it without financing, you can%26#039;t afford it. Go get some financial money management books by people like David Bach or Suze Orman and learn about money management. That would be a really bad decision to take out a loan for the amount of money many people try to save for down payments on a house... Plus I don%26#039;t any bank will give you that loan anyways!|||i%26#039;m sorry but the idea of taking out a loan for a wedding is one of the most ridiculous ideas i have ever heard. With $20,000 dollars you could have a beautiful wedding whereever you are. I live in nyc. You always hear that in nyc the minimum for a wedding is about $30,000. I%26#039;m having my wedding with $10,000 and it%26#039;s beautiful. My wedding is august 30th high season and i have a beautiful hall with amazing food. so don%26#039;t do that it%26#039;s not worth it.|||The total cost of my wedding and honeymoon is going to be under $4,000, and we are having an indoor tea reception with everything we had hoped for in a wedding. I never would have been able to keep it anywhere near that low if I hadn%26#039;t had a couple of years to plan. Lucky you, you have a lot of time too!

I would definitely take advantage of the time you have, there are many, many ways to save money. There are soo many brides out there who plan weddings even for under $10,000. A $20,000 budget is really nice! Take a lot of stress off of yourself and only spend what you will actually have.

The memories and lavishness of one day won%26#039;t give you and your fiance a sense of security (or feed you!) in your first years like being debt free will.

Good luck|||Don%26#039;t take out a loan for your wedding. It is not wise to start your life together by going into debt. It may also affect your ability to get future loans for a house, car, school, etc... Don%26#039;t spend more than is within your means. You can do a beautiful wedding for 20,000. My best friend did an awesome wedding for 300 (yes I meant three hundred)|||$20K is more than enough for a traditional wedding. I%26#039;m not sure why you need the loan. You should never go in to debt for your wedding - it only lasts one day!|||No NO NO... do NOT take a loan out for a wedding!

I%26#039;m sorry, but as much as I would love to have an all out expensive wedding, I%26#039;m totally against getting such a huge loan. Why go into debt even before you say %26quot;I do%26quot;? Especially since it%26#039;ll only be for a few hours out of one day.

Set aside money, use your income tax refund, but do not take out a loan. Do not use credit you do not have.|||No it%26#039;s not. Wouldn%26#039;t it be a better idea to buy a nice car or even two for that money or put a down payment on a house?|||There are so many expenses associated with being married - you don%26#039;t want to start out in debt. You can have a fabulous, beautiful wedding for under 5K - brides do it all the time. Save the rest of the money for a house or something :)|||Yes, I do know of banks that offer low interest rates, however, I don%26#039;t know where you live??????????????????????????

Are you trying to finance $20,000 for the wedding or for something else? This info is necessary to answer your question.