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Is it advisable to borrow money to meet your wedding expenses? Or should one simply focus on a private function to save money? Should one manage with the funds in hand without borrowing? This can be a very complicated decision.
On one hand, the idea of borrowing money and starting your married life does not seem advisable. On the other hand, the idea of compromising on something like marriage to save money seems too cheap. After all, one does not intend to get married again and again, right?
Both options have their pros and cons and is impossible to rule in favor of one solution in an absolute manner. In some cases, individuals find it difficult to keep their wedding a private affair simply because of a large number of social contacts and professional colleagues. In such a scenario, it is important to categorize the wedding into essential and nonessential ceremonies.
If you and your spouse are in agreement, deferring the honeymoon for later date can help you save money in the short term. Going in for a loan is not necessarily a bad thing provided you do not borrow so much money that you are forced to declare bankruptcy after a few months. The idea of borrowing money from friends or relatives may seem odd. In such a scenario, one can always request friends and relatives to offer gifts in cash instead of kind. This approach requires a certain level of pragmatic and cold hearted approach. One cannot afford to be too romantic about the wedding when calculating the budget and analyzing expenses. Balancing the budget and the function requires a clear headed approach.
