Related Posts
Chief
Thoughts on personal loans to consolidate Debt?
Anonymous User
Coach
More Posts
Anyone want to sell me their CFE books ?
Any WhatsApp group for Pune Deloitte USI folks ?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I dunno, unless your life depends on it, how could anyone expect of you to attend a wedding that will cost you 7k????
Yeah, so things like this happen a lot and the answer is PRIORITIES. You don’t have unlimited cash flow, so you need to pick what’s most important to you. Basically personal financial planning incl. budgeting for 2024. If you find out you don’t have the budget for a certain activity, then it has to be postponed to the next year 🤷♀️
I just went through one.
I made under $200k but extremely struggled financially.
I had a family of 6 and only one income. I don’t even know how I made it. However, it made me stronger, creative.
I started thrifting instead of buying brand new and it made such a difference.
I explored grocery stores I could buy organic cheaper and discounts.
I remember wanting to cook, and checking how close to the expiration of meat to get it half off 🤣🤣
I reduced going out, skipped flying for road trips, learnt to be honest that I couldn’t afford things right now.
I pawned my Rolex and jewelry to pay bills as there was no way I could get by.
It was hard! You would survive if you choose you FIRST.
Been there. Sold my Rolex. But, who cares, I needed to pay bills without racking up credit card bills I couldn’t pay and was able to make it out on the other side with no savings but debt free at least.
I’m working now but down 50k from last year. Luckily my partner is making more now, but not enough to maintain our previous household income. Six figure poor is real. 😩
Yes. And we had to make hard choices. You may have to be okay not having the 500 dollar cake at your wedding, not eating out. This may be a year to also evaluate all your “subscriptions” to things. Budget Budget Budget. And remember it won’t be like this forever.
Budgeting is the key! Check to see where your money is going and looks for ways to cut back. I did this and was able to save over $20k in two years, and budgeted for Christmas with no debt. It is a very sobering process, and difficult, but you will thank yourself later. You can do it!
Here's my advice as someone who was in the same position as you in Feb 2020, and is now facing bankruptcy. Cancel everything, and do something intimate and small..really small. You'll thank me later. In a few years, the wedding will be a distant memory, and it won't really matter much. What matters is the current relationship, and it will be strained if you hurt yourselves financially. Do a favor for the marriage you will embark upon and save the money for other, more important things, like kids, house upgrades and decorating, trips together, date nights, etc. Trust me on this, please.