Can We Afford To Spend Money On A Wedding?

wedding
What any couple, and their families should be asking is: Can we afford to spend money on a wedding? 

And that comes down to some straightforward questions for anyone who is contemplating contributing to paying for a wedding:

  • Do you pay all your credit cards in full, each month?
  • Do you have an eight-month emergency savings fund?
  • Are you on pace to pay back your student loans within 10 years? (Or are you on pace with payments to qualify you for public service loan forgiveness?)
  • Are you contributing at least 10% of your salary to retirement savings?
  • Can you afford to pay for the wedding and stay on track with all your other savings goals and debt-repayment?

If you answered no to any of those questions; You have no business spending money on a wedding.

– Suze Orman

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One response to “Can We Afford To Spend Money On A Wedding?

  1. Great advise! I love how Suze doesn’t sugar coat anything.

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