If you are / have been in debt...

[Ima saver]

I think a lot of people regret having expensive weddings when they have to pay for it later.

[Elgin526]

Originally Posted by Ima saver

I think a lot of people regret having expensive weddings when they have to pay for it later.

I wouldn't say we regret it. We'd do it again, but I'd work much harder to pay for more of it in cash upfront rather than just say "we'll worry about it later!".

It's the truck that makes me want to cry! Cars a such a waste of money!

[abowers]

Regarding my edu loans... I'm hoping it's worth it in the end, as a BA in Psych is sort of useless, but the EdS will allow me a starting salary of around $48k-$54k per year as a School Psychologist in this area. And on a teacher's schedule :-D So once I'm done with this whole thing (May of 2009) I'll have my $16k undergrad and about $20k grad, but I'll be able to pay off the edu & car loans quicker once I start my real job.

[abowers]

Originally Posted by Ima saver

I think a lot of people regret having expensive weddings when they have to pay for it later.

We're working on that right now as well... We have agreed we will not go into any debt over this wedding we are planning for August 2007. We are paying for this, but my parents and my aunt are paying for a couple things here and there, and his parents have a chunk of money set aside for us to use how we want (we are only using a little toward the wedding and the rest will be saved for a down payment on a house when that happens in a few years). We figured how much we can save before then/how much we want to spend by then - and that's our budget. No more loans!

[abowers]

Just following up on this... I pulled out one of my free credit reports from last year at this time to see exactly where I stood a year ago--
In October 2005, my revolving debt: credit limit ratio was .745!!!
In Feb 2006, debt: credit limit- .675
Now, October 2006: .387!!!

Still higher than I'd like of course, but I've been working on it! This is with closing one of my $500 limit accounts -- my overdraft (that was carrying a balance ) from a local bank account I had before moving to a new state (where I am now). If I had kept that open it would have made my ratio .335, but I have no use for it -- and I'm not in the market for a house for several years so I figured I'd close it now.