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Paying for Your Wedding: Cash vs. Credit

Posted by Angel Babbitt Harris  July 25, 2013 04:31 PM

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If you are part of the 42% of couples living in the Northeast who are financing their wedding themselves (like the Mister and me), I have one question for you: Cash or credit?

Staying in Your Financial Lane

"The way my bank account is set up, I got a checking and a savings, but all my money is in my savings so I gotta switch it to my checking..." - Comedian Kevin Hart

Most people like paying for things with cash. Cash is an easy concept. You either have it or you don't. With proper planning you can save it. The biggest advantage is that you are limited to what you can afford which helps you remain grounded and practical throughout the wedding planning process. After the wedding you can walk away debt-free. These are all compelling reasons to stick with cash when paying for your wedding expenses.

The Ease of Using a Credit Card

Using a credit card can also be an enticing option. Some may argue that the rewards and points you receive can go toward booking a honeymoon and/or offer great incentives. Others may find it easier to track wedding expenses when using one credit card. In some cases using a credit card just makes sense. What happens if your venue goes out of business before your wedding day? Putting a deposit on your credit card can offer you protection in the event of unexpected circumstances.

Throughout the wedding planning process I've been a fan of the 'Getting Married' podcasts hosted by MarketWatch's Kelli Grant and Wall Street Journal's Matthew Passy. These quick, witty podcasts offer helpful tips for all engaged couples.

Listen here for a recent podcast on the cash vs. credit debate.

Engaged couples: How are you paying for your wedding?

Married couples: Be honest. How many of you are STILL paying off debt from your wedding?

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About this blog

Angel Babbitt Harris, formerly of the Expertly Engaged blog, is now "Newly Wed" and learning how to navigate life as a happy wife. Angel lives for weekend getaways to Brooklyn with her husband and anything currently playing on Netflix. She works as a Marketing Manager for a non-profit organization in Boston. Need newlywed advice? Have newlywed advice to give? Reach Angel directly at angelharris1020@gmail.com or tweet her at @MrsHarrisTweets.

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