In this 2 Minute Q&A Tuesday, we’re going over the 3 tips we used to cash flow our wedding on our debt-free journey. I know it sounds a little crazy to continue going gazelle intense on paying off debt while planning a wedding. But this is exactly what we did and it allowed us to avoid going into debt for our Las Vegas wedding. So here are the secrete tips we did to cash flow our wedding, one we had to work hard, we made sacrifices, and stay dedicated. I know we hear this all the time, but it’s true, let me break it down.
Tip #1: Hard Work
Yes, hard work comes with making extra income through side hustles, late nights, and investing in ourselves. But the real hard part was opening up to my partner about budgeting, our income, and our individual spending triggers. We had to have tough conversations and figure out how to manage our money together before marriage.
Tip #2: Sacrifice
We had to make a few sacrifices to cash flow our wedding successfully. I had to cut some of my lifestyle expenses by reducing my nail salon visits and shopping habits. Especially if I wanted to purchase my dream wedding dress. A few of the other sacrifices we had to make was the location of our special day. Everyone assumed we would have a wedding in my hometown of San Diego, CA. But we didn’t, we found it more cost-effective and unique to have a Las Vegas wedding instead. The last sacrifice we made was in our wedding dates time frame, we pushed it out an extra few months. This gave us more time to save and pay off our student loans a bit easier.
Tip #3: Dedication
They always say to know your why, but that’s the motivation and dedication building piece to continue going forward. We had to decide why we wanted to have a traditional wedding vs just going to the courthouse. Our goal was to make our families the first time meeting a special event, aka our wedding. We also wanted to spoil our parents, since we knew they couldn’t afford to help us with the wedding. So, we saved enough to pay for their flights, hotels, and wedding outfits. This relieved their financial stress and allowed us to thank our parents for a mini vacation.
When it came to our goal of paying off our student loans by the time we got married. We needed to stay dedicated to the large goal of becoming debt-free. The reason we wanted to do the wedding was for our family, the debt-freedom was for us. Our goal was to start the marriage off on good financial standing and not fear our parent’s financial struggles. This allowed us to see the big picture of wanting to become debt-free and build wealth together as a team. This was the dedication necessary to achieve all of our goals as a couple.
Paying off our student loans, which accounted for half of our total debt, was a process. But doing that while cash flowing our wedding didn’t happen overnight. The more we look at it, hard work, sacrifice, and dedication are necessary when trying to achieve our goals. The last tip I would recommend is to get the ball rolling and start managing your finances together. Doing financial projects together will open your eyes to how to work as a team to achieve joint goals in the future. If you want to learn more about how we cash-flowed our wedding and some wedding details check out my other blog.
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