Now That's A Bad Idea
Posted on May 21, 2008 by Him and tagged wedding
Yes, we're spending a lot of money on our wedding and honeymoon.
But we're not borrowing any money to pay for your wedding and honeymoon. We'll even have a sizable amount of cash left over after everything is said and done.
For the love of <insert deity>, please do not borrow money for your wedding or honeymoon. That's right Prosper, I'm looking at you.
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Pierre | May 21, 2008
The very worst way to start married life is to be buried in debt because of a wedding and/or honeymoon ... especially since finances is usually a tough subject to start with for most newlyweds.
Mark | May 21, 2008
I was beaten to it!
Thanks Prosper! A great way to start out your new life together: a big fat chunk of your paychecks going to service a fat new debt.
autologic | May 23, 2008
You are already in debt. The money you spend on a wedding is borrowed money because you aren’t paying off your debt. When your net worth is negative all money you spend is a loan.
@autologic
At least they don't have to pay that loan off with more interested because they borrowed the money they're spending too. That would be particularly sad. As it is, it's just annoying living with debt.
aaron | May 27, 2008
We made the same choice you did and opted NOT to start our life together in more debt.In fact, we decided together that our first goal was to pay down some of the large debts we acquired before we met each other. So we decided not to go to Thailand on honey moon and instead spent our out of pocket money on a quick trip to a near by city for 5 days.It doesn't sound romantic, does it? But honestly, now that we've made it most of the way to our goal after 1 1/2 years of marriage, I feel this little fire of love and desire for my partner every time I see our newly-lowered monthly statements. I'm more confident about our relationship than when we were first married, and I'm proud that we could pull off this incredible financial feat together. WAY more sexy than some random memories of a brief 2 week trip in the aftermath of the wedding craziness.
!wanda | May 21, 2008
Er, I think you want deity.
Prosper is in the business of selling personal loans, so hopefully people won't go looking for their financial advice there.
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