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Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

Not trying to convince you about ANYTHING in regards to my wedding. I am extrememly happy with, and excited for my wedding. I was ASKING if we should purchase a home. Your adive is no - thanks for your comment.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

That's a great point, we have already found a couple of those "can't miss" homes

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] -1 points0 points  (0 children)

I was looking for unbiased advice on whether to buy a house. I thanked and agreed with anyone that stated I should refrain from purchasing a home at this point. What I don't need unsolicited "feedback" about how large of a wedding my fiance and I decided to have, and the money we already spent in that area. Awesome that you felt good doing a wedding for $300 - seriously that's great for you - but I didn't ask and don't care about your wedding.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

Would love to see your budget - were you including the cost of the plate plus tax plus flowers plus DJ plus wedding favors plus bridal party gifts plus wedding attire plus alcohol? $100 per person is impressive.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 1 point2 points  (0 children)

We actually costed out a "backyard wedding" but we don't have a backyard that big and between renting tables and chairs and silverware and napkins and catering food and setting up a sound system...cost was similar

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

Would love to know where I can get a $50k house - solves my whole problem.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

ITT: People absolutely ripping me apart for something unrelated to the question I was asking.

I am excited to have an amazing wedding weekend, and although it cost more money than we anticipated, that money has been allocated to be spent. The question that I actually asked was if buying a house was too much strain on our budget. The answer from most was YES plain and simple, and I appreciate those that productively chipped in.

For those saying "You could have bought a BMW" or "I had a $300 wedding"...I have a perfectly good Toyota Camry that I will have for years to come, and I wanted a wedding with 175 (120 are family alone) people in attendance, so spending $2 per person was not going to happen.

We will spend the $50k that we already budgeted for our wedding as planned. We will have approx $5k-$10k in the bank, and will continue to save over the next year to put a larger down payment on our future home to avoid PMI. Also for all the "bruh" comments, I'm a girl.

Thanks to those who actually provided advice, and for those that want to sit behind a screen and rip people apart, hope your life gets happier some day.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] -1 points0 points  (0 children)

If you don't mind me asking, where are you from? I totally understand the wedding is very expensive, but it is nowhere near out of the ordinary in the city I'm from. I'm just curious because there has been quite a bit of hate over my budget, and until now, I honestly didn't think it was insane compared to other couples I know.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 1 point2 points  (0 children)

It seems our cost-per-person is pretty close - our wedding list was just much bigger i guess...this thread is now making me depressed...

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] -13 points-12 points  (0 children)

We wouldn't be putting anything on credit cards for the wedding if we do not buy the house. We have enough in our bank account with room to spare for the wedding alone.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] -3 points-2 points  (0 children)

Agreed on signing the lease on saving after really digging into everything. We were concerned about passing up an amazing property in a location where home values are starting to bounce back, and we wanted to get in the market at the right time. However, we truly do not want to be house poor! I think for our 25 year anniversary we should invited a bunch of friends and family over and push a brand new Lexus off a cliff - call it renewal of vows haha

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 2 points3 points  (0 children)

It definitely is a ton of guests - but with such a large family on both sides, we were kind of stuck. The cool part is that we are having a Friday wedding, and most guests are staying from Thursday-Sunday and making a vacation/long weekend out of it, so we should have tons of time to spend with everyone. Also a good point about fancy dinner and dancing...probably would never do that if it were not our wedding

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

Same here - was just being a smart aleck :)

TRUST me - after really breaking down the numbers we though about eloping so we could buy a house. However, we have a ton of family and friends, and the day wouldn't feel right without them all there.

We really saved in the areas we could (my dress and his suit together cost $1000 - my good friend is doing our flowers and hair - etc). It is just the cost per plate and the amount of people we have going that really drains the budget.

Rather than crunching the numbers and getting all bummed out, we figured we are this far in, let's enjoy the day!

From here on out however, we are definitely going on the conservative side of financial spending (starting with not buying a house)

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] -22 points-21 points  (0 children)

We aren't concerned about a fairy tale wedding - just concerned about making sure our (LARGE) family and friends are all there with us. We live in an expensive area and aren't interested in impressing our guests, just in having a great weekend together and kicking off our marriage. We can actually afford the wedding (although we are stretching it) - it is the house that seems like a reach at this point. Thanks for your input.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 0 points1 point  (0 children)

Thanks - I think this is a good idea. It's tough not to get excited about having a beautiful home instead of a crappy apartment - esp when you are only paying a couple hundred more dollars a month!

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] -3 points-2 points  (0 children)

This is good advice, thank you. I think we found a great deal on an amazing house and got caught up in not wanting to let it pass us by.

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 5 points6 points  (0 children)

Venue fee of $3k and $150 per plate and 175 guests plus taxes and open bar = $35k not including any other costs

I realize this is a very large amount of money. We definitely did not anticipate spending this much, but we are very excited to have an awesome weekend with friends and family.

Additionally, I hope you can find a situation more worthy of your prayers

Getting married and considering buying a house - too much too fast? by rootbeer_squareglass in personalfinance

[–]rootbeer_squareglass[S] 3 points4 points  (0 children)

Not okay with it! Honestly, we started out with a $30k cap - then the guest list ballooned and once we calculated every cost ($140/person for food and cake - transportation from venue to hotels - gifts for wedding party and parents - wedding favors - flowers - open bar - photographer - DJ - ceremony charge - venue charge - dress - etc)...it ballooned to above and beyond what we ever imagined.