I think many people would consider their wedding day to be a special occasion. Probably the vast majority of people. Given its significance and its emotional importance, it’s something that many folks view with the lens of “wants” instead of “needs”. Even if it means borrowing money for a wedding.
Now, I’m definitely a proponent of being able to discern wants and needs. There are some things that we really want, but don’t need. Or, as is often then the case, we do actually need certain things, but simply want more expensive versions of those things. This can happen with cars, and even homes. You know, the dream car, and the dream house.
Dreams are great, and I’m all for pursuing them. The thing is, those dreams often come to fruition after a lot of hard work and effort. Certainly, the really big dreams don’t just happen overnight. When those dreams involve big purchases of material items or grand experiences, I think we should make sure that we can actually afford them. Yet, I know a lot of people go for broke (literally), and pursue the dream before they’re financially able to do so.
One such dream, aside from the typical examples I noted above, is a wedding. Not just any wedding, but a dream wedding. You know – that perfect wedding that someone just has to have. Complete with a great venue, amazing dress, grand reception, and tons of guests. It’s so special of an occasion that you just have to stretch to make it how you want it.
Well, I can’t tell people how to spend their money. I just think that it doesn’t make sense to view a wedding as being some exception to the principle of living with ones means, or a time to forget about needs to the point where we solely focus on wants.
I was talking to someone recently who is getting married later this year. This same person previously told me how expensive the wedding was, and how she and her fiancée were really draining their bank accounts to pay for the whole thing. She also told me how it was like a second full-time job trying to plan the whole thing. Now, she recently commented that they might take out a loan for the wedding, to cover some expenses with the reception, actually. But it’s going to be special and so worth it, she added.
It’s great to see somebody so excited about such a special occasion and amazing time of life. You’re genuinely happy to hear and sense such pure happiness. That being said, I can’t help but wonder why it’s necessary to empty accounts and take out loans for a wedding. Maybe it’s better to make the wedding a modest affair, and save some money to start life together with a solid foundation? What do you think?
My Questions for You
Do you think that a wedding is an exception, when it comes to taking on debt for wants vs. needs?
What would you say is better: a dream wedding that makes you so happy (but you’ll drain savings and go into debt), or a modest wedding that falls short of your dreams (but leaves you solvent with no added debt)?