Why and How You Should Have a Big, Cheap Wedding.

You Should Have a Big Cheap Wedding why going into debt is a horrible first step in marriage. love, marriage, budget, tips, matrimony, husband, wife, spouse, vows, study, more, guests, finance, financing, downpayment, down, payment http://jessicacoaches.com/2017/04/why-and-how-you-should-have-a-big-cheap-wedding

While perusing the internet this week, I came across several advertisements for financing your wedding.  Because there is nothing that says we are ready for the next chapter of our lives like starting it with a massive debt. Curious, I investigated more.  Washington Times reported that the average price of an American wedding had reached a mind-boggling $35,329!

WHAT! On a party?

 

This amount could send that couple on good economic footing into the world.  35,000 dollars is a great downpayment on a home in most states or even a paid in full, flat-out cash price on some fixer uppers or condos.

 

It could allow that couple to house hack and cover all of their housing expenses!!! Why would anyone in their right mind finance a wedding?

Related: 4 Ways Real Estate Investing Could be Making You Money Right Now!

Where are the friends and families not condoning excess and telling the perpetrators of such wastefulness what they are doing?  TIME reports as of 2016 that 1 in 3 people have no retirement savings and that 72% of millennials have less than $10,000 in savings.

 

Where did we go wrong?

 

When did declaring our love for someone for our all our friends and families to nourish and protect become a pinnacle of American consumerism?

 

Does having the $3,000 dress instead of the $300 one say our love will last forever?  Well it better, because that debt probably will stick around for a while.

 

But guess what, it does not, in fact quite the opposite.

 

A 2014 paper by two Economics professors from Emory University found that “Controlling for a number of demographic and relationship characteristics, we find evidence that marriage duration is inversely associated with spending on the engagement ring and wedding ceremony.

 

Wait.

 

On average, if you spend more money on your wedding ring and wedding, the marriage is less likely to last!  The professors went on to hypothesize that it was possible that the economic stress of the debt from the wedding was what caused such outcome.

 

 

Do we need more reasons to be fiscally responsible, on this special day?

 

It goes on further to say:

 

evidence suggests that the types of weddings associated with lower likelihood of divorce are those that are relatively inexpensive but are high in attendance.

 

So if you want that marriage to last, go cheap, but don’t skimp on the people.

 

I didn’t know all this when I got married, but this is exactly what I had.

 

A big, cheap wedding.

 

This is what I did to get the wedding that I wanted without busting my budget, all said and done I think I ended up paying less than $2000 for 80 people:

 

Buy many of the things you would normally rent.  And then sell them back on ebay.com, craigslist.com, or a Facebook group.  Net after the sale will be a fraction of the cost to rent.  It is usually pretty easy to do in bulk, but you can get more back separate. I got all sorts of things on Amazon.com: Wedding Fairy Lights,  Table Runners,  Table Cloth,  Vases,  and anything else you can think of!

 

Choose a cheap venue.  We did a backyard wedding, and it was wonderful.  Other places that are cheap are city parks, national parks, and some other public facilities.

 

Get a pre-owned wedding dress. Using an expensive dress for one day is wasteful.  I bought something that I had tried on at a store for half-off the tag.  And guess what you can sell it again afterward!! I used  Pre-Owned Wedding Dresses, and I have nothing but good things to say about them.  Many of the dresses offer returns.

Get a Birthday Cake! I went wedding cake shopping and was disgusted both with the level of quality and the price.  Instead, I decided to go to my local bakery and ordered three all white birthday cakes.  They were amazingly good and a fraction of the cost.

 

Rent the tables and chairs, make sure to shop around and don’t mention that it is a wedding.

 

Don’t skimp on the Wedding Photographer.  This was the one thing I wish I hadn’t gone cheap on.  Still, there are so many amazing photographers out there I would choose one that isn’t huge on the wedding circuit to get more value.

 

Food.  This was my biggest expense.  I had my favorite restaurant cater a buffet.  The meal was my chosen splurge for my guests that made my wedding feel not low budget at all.

 

Get flowers in bulk.  I ordered 450 roses in three beautiful colors from Sam’s Club.
 

 

Have family help out! Some family members will want to help share in your big day; this is an awesome way.  Those flowers need to be arranged, the chairs set up and moved, maybe you have a cousin who would rather give some time than cash for a present!

 

How do you feel about the modern American wedding?  What was your wedding like or what are you planning?

How to be Smart: When Everyone Wants Your Money!

road-sign-464653_960_720Now while some of us are not very aware of our inner caveman, advertisers and con men hone in on that instinct-driven part of your brain every day.  They know what conditions allow for you to make impulse decisions.  The first thing you need to understand is they want you being irresponsible. They want you to be in a state that will allow for you to make a decision right now, because they will likely lose you otherwise.

 

I believe that the majority of people are good.   However, separation from the consequences of your actions through the internet, people just doing their jobs for corrupt companies, and the fact that the bad guys tend to use the shotgun method when scamming people has made trickery an epidemic in our world.  We have to be careful out there! If you get a bad feeling in your gut about something, don’t do it!  If it involves your finances, talk to someone you trust about it first.
It is also important that you use a good anti-virus software that alerts you to suspicious pages and links.  I use Malwarebytes.  They have a free version which is great.

 


    1.  Scarcity: This deal is selling out now!!! 100 people are viewing this now! Only 5 left!  You will never see this price again! So very rare is it in this day of surplus that there is a limited amount of something.  The truth is that in our consumer driven culture you can usually find the same thing or an equivalent for an equal or cheaper price elsewhere.  They don’t have to put popular concert tickets on Sale for them to sell out.  Pay attention to what the prices of the item on sale are, because the item will be on sale again, or even permanently that way, keep track of things you are interested in.  Don’t buy things on an impulse, wait, 24 hours minimum, or do a quick internet search for similar services, and if you still think it is a good idea, buy it then. 

 

    1. Energy Saving: Get a free Gift card when you do X, Doorbusters! These have a broad range of how bad or good they are.  They range from we will sell your information, sign you up for several services, and it will still be nearly impossible to get that free item; to loss leaders where they give you something for free or cheap to get you in the door to make other purchases.  Be very wary of these when you do not see them through a reputable business, if you do decide to do them be ready for a high-pressure sale and at the very least to be tempted by other items.  There is a reason they are giving something away; they are getting more out of it.
    2. Interest Piquing: Something has happened to your credit card, You’ve been chosen for a free cruise, I’m going to talk for 10 minutes to get you invested without ever telling you what the title was about, Outlandish Headline: You Won’t Believe who died!  These range from benign trying to get your click on their link so they can get you to look at their stuff to very malicious information phishing to steal your identity.  If you get an email that seems questionable or unexpected, make sure to check the email address to see if it looks suspicious.  Do not click on any suspicious links!  Go directly to the website and check it that way.  (Malwarebytes helps with these.) For National Inquirer Style headlines, just go to google and search it rather than clicking the link to find out if it is just click bait.  For an unexpected phone call do not give them any information about yourself, ask them to identify the company they work for, their names, and why they are calling you.  Remember you can always call the institution directly if it seems suspicious.  

 

  1. Intimidation: High-Pressure Sales, Extortion! These are hard to know about unless you receive a warning from somewhere else.  If you are going to go into a sales environment, check reviews of the establishment.  If you are going to a new city, do some searches on the internet about what scams are prevalent in the area.  These are more common than you would think, especially in tourist areas.
  2. Predatory: Predatory scams take advantage of an individual’s weakness.  Predatory programs for the poor such as payday loans, auto title loans, or any high-interest loans for quick cash, they take advantage of their desperation.  For the elderly or other commonly isolated parties, a common scam is getting emotionally involved with the person for the purposes of leeching money.  Predatory scams often prey on people who are trusting or naive, if it involves you wiring money to someone, especially someone in another country, steer clear!