I had 10 people at my wedding, we went the the registry office to sign the papers and then went out to a nice dinner. Whole thing cost $2,500. Then we used the rest of out savings as a deposit for our house. Purchased the house in 2005 for 300k and its worth 750k now, seems like that was a better investment than a 50k wedding. Guess what, we still had an awesome night.
If you take financial advice from someone sitting in their car, filming a tik tok, with little to no financial education or actual experience... your future self deserves better.
Got married at a courthouse - three years later built our house in cash. Our goal has always been to stay debt free and happy we avoided all the things other said we have to do.
@@mcbaron93 I've been married before. I understand that concept. I was basing on the fact that we did it spending way less than $10k. I think it was less than $5k.
In Switzerland and many European countries the wedding ceremony takes place at the city hall followed by a dinner out with close friends and family. They are great fun because there are no unreasonable expectations.
Omg that’s our plan too! We definitely put a cap on how much is our max and budget you don’t want debt entering a marriage! Kudos to you 🥳 congratulations also
We found a $6500 full wedding package that included venue, food, dj, etc and added a bunch of add-ons. It was so cheap and the venue was stunning. I can't even wrap my head about 30-50k. I don't know what else I would have added.
Yes. Most who will follow that advice, don’t have the cash to cover. So they will absolutely think wedding credit card will give a free honeymoon. Except the average person can’t cash flow their wedding; because they see it as a once in a lifetime fairytale come true.
@@justinecorrington4106 That's their problem. Credit cards benefit people like myself because I don't want to spend even when I have to. But when I do spend, I get a % back at the end of the year. Cash is mainly for when the transaction needs to be off the books so tax isn't paid.
you just gave the bank all that interest for free when you could have paid in cash cut your card up and live free...the points are crap rewards to get you into cards dude you seriously need to watch more dave vids bud...
Nothing wrong with it. I do it all the time and don't pay any interest. I get rewards and save my debit card info from being exposed to more parties than it should. Some ppl can't handle credit cards so it's best for them to not take that advice, though.
I think that our parent's generation really does not know why we make life so complicated. My parent's got married at a local church in southern Minnesota, had a wedding dance in my grandparents machine shed, and took a honeymoon in Duluth, MN. They have been married for over 30 years. There was no concept of ridiculous debt loads for a wedding.
My parents had a beautiful church wedding then had a beautiful reception. To each their own. What the heck is a machine shed and we’re there machines in it at the time. Nope.
There was a time where weddings were typically done either in a courthouse or church, or at home by a minister or justice of the peace. That was in the day where divorce wasn't socially acceptable, having children before marriage was taboo and living together was just plain ghastly. Now people can do whatever they feel like under the sun, and that's at least partly why marriages don't last. When two people truly consider their relationship something special and want it to last, they care less about the frills and the honeymoon and more about making it official. I bet if someone really tried they could still get married for $1100.
I paid for my own wedding, $40k all cash. I saved up for a year and a half so that I could have an amazing day without going in debt. It's a once in a life time experience and I don't regret spending that much at all!! :)
I don't see the problem when taking advantage of the rewards miles/points system if you're discplined and methodical about it. In this case all decisions have been made and you just use plastic instead of cash for the transaction (assuming you have the cash to make all the payments to begin with).
My thoughts exactly. Many people do this because they have the discipline to pay off the cards. If you have the cash to pay it, why not use the cards to reap promotions at the same time?
Majority will not be disciplined enough to see it through in wedding situation, they will tend to upgrade stuff, go over budget and get extra bits here and there, add things not for the wedding on there, etc. They will have mentality that "we are saving on the plane tickets or getting free miles bonus, we can splash bit extra on this other thing".
Also, I’m the exception when it comes to spending someone else’s money. I always think of the hours they spent working. My mom bought a gift for me for Christmas and I was very conscience of the pain from standing at her job she went through to make that money. She didn’t have to buy me anything, but then that would have made her feel bad because she is a giver. Love my momma!😘
My mom’s love language is gift giving. So I’m just grateful because I know she’s expressing her love. She works hard for her money and wants to love on me and my husband and kids. It’s appreciated.
She said this but when I went to wedding registry she was asking her guests for money for plane tickets, when I confronted her… she blocked me and took down that portion of the registry 😅
I don’t understand why people go into debt for weddings and engagement rings?! My husband worked in loans and the stuff be do to get into debt to be like the Jones’s is ridiculous! I wish our education system would teach financial literacy in high school.
They do to an extent. In two separate classes in two separate grades, I had to find a job and housing and budget for groceries using wanted ads. It’s possible we went over taxes, but probably it as minors. I personally found those projects fun. Because the teacher made them fun. But if it’s just boring going over this and that and not making it real, those classes will be cut.
Engagement rings are a symbol of love and commitment. It means something to people. Weddings are what they are. I don’t understand why you don’t get it. I watch my wedding tape over and over just to see my parents again. It’s a memory.
We are doing a "Just Us" wedding at a cabin and I still feel that the package is costly. It's $1500 for a small cake, the officiant, flowers, a night in the cabin, and dinner. We might spring for a 2nd night in the cabin that will run us $250. My dress cost me $50 on clearance. We want to get some nice pictures and the elopement photographer willing to travel to this secluded area is $800. A lot of money imo but the best we could find as an upgrade from just going to the courthouse. At least no debt being used for this.
That's a cashback in terms of cash value at 1%. Typically, cards will do 1% (or less) if you redeem for statement balance (cash) or about 5% if you redeem towards flights. We have a basic no fee credit card that gives 0.5% cashback everywhere or 3% at a grocery store (how much groceries can you really buy?). Well, if you're only going to get 0.5% when you purchase from Amazon, you might as well buy that Amazon gift card at the grocery to get that 3%!
Modern day weddings should def consider opening credit cards if they can pay off in full. Its just dumb not too if you have the cash to pay for it. Credit cards are worth the introductory bonus if theres a planned honeymoon and travel. Worst case you cash out the points.
Our refrigerator was on his last leg and the bbq & smoker died, so we bought a new fridge, and bbq/smoker combo. We still have a lot of the money left, we’re planning a trip next year for 3 days to PEI Canada, we using a little of the wedding money and all the cash gifts we received last year for our birthdays also going towards that. I feel we’re getting closer as a married couple and as individuals were blossoming even more.
One of my favorite things to do is open checking accounts for the free bonus after x amount of direct deposits. Get the bonus, keep it open for the minimum time necessary (read the fine print) then close the account. It's literally free money. Just report it on your taxes.
Some have transfer or withdrawal fees. I looked at one through capital one bank, and once I read the fine print, the fees for me to take my money back out after the required promotion time were still more than the bounce money promised in the promotion... Be sure to read the fine print and do the math. A small percentage adds up.
We chose to have small wedding. Just close family, no friends. They could connect in virtually to the ceremony. And we used all the excess money to kickstart out life( buying a home, along with all that that entails) no regrets.
Spent literally $40 24 years ago to get married. Happily married, wonderful life. I couldn't imagine spending thousands. We were just getting started in life and it would have brought so much financial stress to our young marriage.
A more casual dress is much less expensive as well. Found mine at a chain store for $89. Noted a slight snag in the fabric to the cashier and got another 10% off. Easy peasy. My mom sewed her own eyelet sundress with floral embroidery and it was gorgeous for their garden wedding.
My wife and I did exactly this. We opened an American Express platinum card and with our wedding expenses amassed enough points to pay for our honeymoon. We had the cash and were able to pay every wedding expense with no interest charges. So….this isn’t crazy, it can work, but you must be disciplined.
@john Smith the girl who’s video they used replied on TikTok and said she hasn’t overspent either so this is very much a case by case situation. I don’t tent to over spend either because I never want a balance on my CC.
I opened a credit card to buy all the appliance for my new home and I got $2,000 worth of points and I buy fly tickets for my vacation for free. Not sure what is wrong with it if I gonna spend that money anyway.
If her honeymoon total cost $2,450 dollars. If she's getting 2 percent cash back with her credit card, that means she have to spend $122,500 dollars on her wedding. She better off just having a 30k marriage and paying $2450 for her honeymoon and her total is $32450. Which is still too much but better than $122,500
I'm convinced Ramsey Solutions has a pocket guide of logically fallacious talking points they go to anytime someone posts a piece of advice that goes against their own narratives, even if it's without a shadow of a doubt, mathematically accurate. You've already budgeted for the wedding and honeymoon, you have the money, so you might as well save some just by using a literal piece of plastic instead of debiting your bank account
You shouldn’t buy an expensive wedding in the first place, foolish boy 😂 any woman who insists on an expensive wedding, will also get an expensive divorce 😘 choose wisely guys! An expensive wedding is dumb no matter HOW you pay for it!
@@charlesg7926 this has nothing to do with having an expensive wedding. They're making this point regardless of whether the wedding is cheap or expensive.
@@CreamIceMs The problem with cards is that it encourages you to spend more money. Trust me. When I pay debit or cash, it psychologically encourages me to spend less. This is proven true for everyone. You can’t outsmart billionaire companies
We and our families cooked all the food for the guests and designed and decorated everything on our own. 💜 Good memories, no debt and paid cash for the honeymoon!
2:07 That's so true for many people who use CC. I use CC myself, but I always know my limit so I don't overspend. My sister did that with her CC and she's in debt now.
I want to thank the 52% of Americans who has paid off my vacations and flights. Thank you. You’ve saved me thousands of dollars and I haven’t paid a single cent in interest.
Do not pay with cash for any of the big items. If something goes wrong, then you have no recourse to get your money back. You can complain to the credit card company for a dispute. If you pay cash, it is gone.
I would say it was good advice if they said do not do a wedding. Get married at the city hall. Spending money on a wedding if you're not well well off already it's just nuts.
one of the biggest problems with TikTok is that there is ZERO barrier to entry; any yahoo can act like a pro and be believable about it but it's pretty wild how gullible everyone is
Airline points are pretty lame honestly. After 2 years of this strategy of keeping every single expense on ONE card and paying off every single month.... guess what, 2 years later i still can't get tickets to the place i want to go. 😂
We spent very little on our wedding 11 years ago and have no regrets. I do use a credit card and have never paid interest on it. Just pay it every month. I have a simple cash back card, no confusing point system.
I downgraded my CC and on the other end of that phone call, the agent was asking me why I want to downgrade. I just told her outright "I had $3k of debt that I can't pay for the last two years. Now that I paid it off, I don't want that to happen again." My limit is down to $700. Haven't used it since. (Will cut it up in a year after I've paid the other stuff off).
George and Rachel are forgetting that when you take the credit card you opened for the wedding with you on the honeymoon, you can use it for a down payment on a time-share which will give you enough miles for a second honeymoon.
First of all. Hate TikTok. Get rid of it. Stop looking at it. Second. You guys can complain all you want but I did exactly that and had a small wedding. Payed maybe 5k. Got the points. HAD THE CASH. Paid off the cards. Got three free trips and those cards are 100% paid and ripped up. One to Cabo San Lucas. The other to Las Vegas and Florida. This doesn’t justify paying elaborately for a nice fancy wedding to get the miles at all. I think it’s great advice. As long as you have a set budget, you monitor all expenses and most importantly, PAY OFF THE CARD each month!
Got married on a 7 day cruise and had a small reception at home for people who couldn't attend. Enjoyed a small wedding that was about my husband and I and we knocked out the honeymoon at the same time. Spent 10k total for everything and we paid cash.
I charge everything on my credit card and pay it off every month. I use the southwest credit card and my spouse essentially flies free with me on every trip. More bad advise from the Dave Ramsey show.
I will tell you what changed my view of money…I donated plasma and was paid for it. Afterwards, I had an extremely difficult time finding anything that was worth my blood. Now I use that as a mental gauge. I don’t find a lot of items.
We budgeted 12k for the wedding and 2500 on the honeymoon but spent slightly less. Budgeted everything, and entirely cash flowed. When something wasn't in our budget, we didn't do it. I have zero regrets; it was a beautiful wedding, and having that 12k back vs. our memories wouldn't be worth it. Mainly because we have multiple family members and friends who passed away within two years after our wedding, and everyone was able to be together that day. Some of those are our last memories together.
We got married in May, we paid under $3000 our parents paid for 1/2 so technically my husband and I paid even less; we got back $12,000 cash. My husband and I have both become savers and planners for important things. We’re both shy so we kept it small, and from 20 it became 38 because I’m friends with a lot of his family.
Don't know so much about "getting another CC" especially if you have one already. But if you can and will pay it off each month, absolutely. If you can be responsible, then take advantage. If you can't? Well, then don't. They are a useful tool when used properly.
If you're a person of faith and you feel uneasy about just going to the courthouse to save money. Most pastors I (including myself) know are more concerned about the marriage than the wedding. If you're in debt up to your eyeballs and are a person of faith I'm sure any faithful pastor would perform your ceremony free of charge after mandatory premarital counseling (also free). The license is cheap. Have your immediate families attend and splurge with McDonald's for dinner.
Spend 75k to get maybe a 1000 worth in flight miles lol. This is insanity. The odds of them paying it off on time and without any interest, late fee is statistically low, also.
💵 Someone else’s money!!! Absolutely a different mind set. 💵 My friend always planned the great wedding growing up. Her daddy said not with HIS money. He gave her and her fiancé a very nice check. He said: “This is YOUR marriage money. Spend it anyway you want. On a wedding, a car, a down payment on a house, whatever.” Result: She got married in the backyard with family and few friends and they bought a house. (Years later. They are still married.)
I can agree that it is predatory and spending like this can be bad for most people, but acting like it is stupid is what I don't like. You can get a crap loan for a car, but you don't go out telling people that getting loans on cars are bad. With proper education and budgeting, you can make beneficial financial decisions without falling for these "traps.". If someone fully understands the rewards programs of these cards, there is no loss for them spending the money they were already going to spend to get miles, cashback, etc. Some of these cards even have things like transferring points into money that goes straight to your IRA.
My fiancé and I are getting married in July 2022. We cash flowed the wedding. Out budget is $6500. We are getting married in a beautiful barn and doing a lot of the stuff ourselves. $34k is ridiculous.
Thats not a bad idea for people with self control. Now i wouldn't use my credit card for anything that i have to pay a vendor fee for, but everything else I'd use it, rack up those reward points then pay the bill off immediately. I do this all the time with my month to month bills- no interest, rewards points, and less exposure of my debit card info online
What's wrong with that advice: leaves so many people vulnerable and starting your marriage off strapped with debt is such an awful way to start a marriage. Even better wedding financial advice: plan a very low key and quiet honeymoon and you'll get way better time together to start things off. You don't need lavish luxury digs to have a great time together.
We spend about $4K every month on our credit card but we have developed an habit of paying it off every month without fail. We have been doing this for past 10 years or so. Other than flight tickets we been funding our home appliances and furnitures with the cash backs and points! But i agree its a slippery slope, its easy to fall of the track if not careful!
I don’t agree that this is the worst part, the real danger is that you develop confidence in yourself that you always pay off your credit card - until you don’t. Life happens, you go through a mental health crisis, an emergency, whatever! And then you wake up one day with thousands of dollars in debt wondering wtf happened! I did this for years, I paid it off at the end of the month always in full and got the miles, I was so proud of myself. Then a couple of unpredictable circumstances and bam - I was credit card toast 😅
absoulty agree with the tik tok video and 100% disagree with rachel. now granted i have not been married yet only 23 but i've never said "hey bc i have a cc let me spend more money" that's so dumb. Just like the lady in the video, you have to have the money to pay for it in your account and then you pay it off at the end of the month. have never payed any interest
I think she actually had a point. HOWEVER, as long as the charges you are making you have sufficient funds to pay them back ON TIME by the statement closing date, you can earn a lot of airline miles or cash back without paying any interest. You also need to make sure this card doesn’t have an insane annual fee. She has a point, but there are obviously other details to consider that can’t be explained in a short Tik Tok. I wouldn’t spend that much on my wedding, but hey if that’s what you want and your responsible and can pay for it by all means do so.
Its not always like this. I had credit card for years now (just now i dont have because but will get new one probably). I have never paid any fee, always paid card in time (acutally always even month before). But I dont have ability to spend money, for me it does not matter how i pay and for what - i question every spending. And... in my country there are no plane miles programs like in US... that sucks
for a lot of americans this is bad advice but for those of us who are responsible. getting rewards or % back for things you would buy anyways makes sense. The issues is many american wouldnt buy them anyways if it required a debit card or cash. Nevermind any of the very insecure things about using debit cards for buying things
ThatONLY works if you have a budget, stick within it, and pay off the card with the cash you have so you don't incur interest debt... So technically it can work!
I think you missed the point, pay off the card with money budgeted when the bills come. Use other people's money. You can still stay on a budget that is planned ahead.
I am really against weddings. Most people can't afford one and shouldn't even try. You should be saving for a down payment on a house. Not accumulate 30k worth of debt for a one day party. People need to realize that a lot of traditional norms (like weddings) are a luxury now.
If a person cannot afford a wedding then they can't afford a house. Buying a house is good advice for people who have a good income but it's horrible advice for people with low income.
That’s why the parents pay. Most couples that get married are young and inexperienced, so they don’t make a lot of money. That’s why the father of the bride pays, because they’re in their prime earning years or already retired because they have plenty of money.
@@johnmartin4641 then dad should pay for a down payment, again, throwing $30k on a party is just insane no matter which way you come at it. I would say anything over $5k is insane actually.
@@FromHomeWithLove24 you’re forgetting that most couples that get married are in their 20s or early 30s. When you’re that young, you don’t have the experience necessary to get promoted to high level positions and get big raises. The father of the bride is usually in his 50s like I was or older and therefore had a lot longer to get promotions and raises and had a lot longer to save.
@@FromHomeWithLove24 if he’s in his 50s, he should already have that taken care of. He’s had decades to work, get promotions and raises, and save and invest for retirement and weddings. His 20 something year old daughter did not have those options.
They will probably be ok, but the danger is definitely there to overspend. Debit cards are almost as bad unless you only put your budget amount in that account
Their main point seems to be that it's bad advice because you'll overspend and fail to pay off the credit card, and get into debt. That could explain why it's "bad" advice for people who lack discipline and can't (or won't) set a budget, but for those who don't lack discipline? I'm waiting to hear why this is such a bad idea.
It isn't a bad idea with proper education and control. That is why everyone is not rich. Most people don't have the time or care to actually educate themselves to make it a good decision. It is the same risk as getting a crappy car loan, but somehow loans are okay to use compared to credit cards.
I had 10 people at my wedding, we went the the registry office to sign the papers and then went out to a nice dinner. Whole thing cost $2,500. Then we used the rest of out savings as a deposit for our house. Purchased the house in 2005 for 300k and its worth 750k now, seems like that was a better investment than a 50k wedding. Guess what, we still had an awesome night.
this comment makes me happy
Great story 😊
I love this! I wish I would have did it differently 18 years ago! Minus my husband...he's a keeper!
I'll one up you. I spent 10k on my wedding and got 17k in wedding gifts. So I made 7k off my wedding.
@@boredoreos hahaha, cant argue with that :-)
Remember y'all. A wedding is for a day, marriage is for a lifetime.
This! I don’t understand why people rush into something that is til death. Unless of course you’re in your senior years.
Who said it wasn’t
@@teeduck the attitude of people who rush into marriages.
Until you divorce
Supposedly
“We have been happily married for decades because of the hole of debt we dug from our lavish wedding” said no reasonable person ever.
If you take financial advice from someone sitting in their car, filming a tik tok, with little to no financial education or actual experience... your future self deserves better.
Don’t forget the “rise and grind” video title
😂😂😂😂😂
Got married at a courthouse - three years later built our house in cash. Our goal has always been to stay debt free and happy we avoided all the things other said we have to do.
"Just pay the 2% vendor bill"
"The money is in the miles"
Lmaooo
I can't fathom spending $34k on a wedding
I read that in Dave's voice 🤣
The brides family is supposed to pay for it, you're supposed to chip in.
@@mcbaron93 I've been married before. I understand that concept. I was basing on the fact that we did it spending way less than $10k. I think it was less than $5k.
@@SimonTekConley yeah it feels just like burning up money
When you go big, that is
In Switzerland and many European countries the wedding ceremony takes place at the city hall followed by a dinner out with close friends and family. They are great fun because there are no unreasonable expectations.
How nice for them. Nope
We spent 5k on our wedding and paid everything ourselves just following the zero budget method and our wedding was beautiful!
Omg that’s our plan too! We definitely put a cap on how much is our max and budget you don’t want debt entering a marriage! Kudos to you 🥳 congratulations also
@@victoriadecker4224 that’s great! good luck!
We found a $6500 full wedding package that included venue, food, dj, etc and added a bunch of add-ons. It was so cheap and the venue was stunning. I can't even wrap my head about 30-50k. I don't know what else I would have added.
@@SilenceSlayer223 Where Kyle?
@@nicolasmarquez7786 Stonegate Glass Chapel near Branson, MO
My wedding was $3,600. My family gifted us some of the expenses.
We were so low key and only invited parents and siblings to our wedding that I think we made money in our wedding!
Key phase " We already have all the monye to pay it off" this is the most important thing that is said in this video
Yes. Most who will follow that advice, don’t have the cash to cover.
So they will absolutely think wedding credit card will give a free honeymoon.
Except the average person can’t cash flow their wedding; because they see it as a once in a lifetime fairytale come true.
@@justinecorrington4106 That's their problem. Credit cards benefit people like myself because I don't want to spend even when I have to. But when I do spend, I get a % back at the end of the year. Cash is mainly for when the transaction needs to be off the books so tax isn't paid.
what wrong with paying everything with credit card, get the points and pay the credit card bill at the end of the month in full?
you just gave the bank all that interest for free when you could have paid in cash cut your card up and live free...the points are crap rewards to get you into cards dude you seriously need to watch more dave vids bud...
Not a damn thing.
Nothing wrong with it. I do it all the time and don't pay any interest. I get rewards and save my debit card info from being exposed to more parties than it should. Some ppl can't handle credit cards so it's best for them to not take that advice, though.
@@NrthrnKnght You don't pay interest when you pay the card off in full every month.
@@bmereborn58 not true
I think that our parent's generation really does not know why we make life so complicated. My parent's got married at a local church in southern Minnesota, had a wedding dance in my grandparents machine shed, and took a honeymoon in Duluth, MN. They have been married for over 30 years. There was no concept of ridiculous debt loads for a wedding.
So cool My parents got married in Southern Minnesota too and had their reception in the farms machine shed 😊
For show off
My parents had a beautiful church wedding then had a beautiful reception. To each their own. What the heck is a machine shed and we’re there machines in it at the time. Nope.
There was a time where weddings were typically done either in a courthouse or church, or at home by a minister or justice of the peace. That was in the day where divorce wasn't socially acceptable, having children before marriage was taboo and living together was just plain ghastly. Now people can do whatever they feel like under the sun, and that's at least partly why marriages don't last.
When two people truly consider their relationship something special and want it to last, they care less about the frills and the honeymoon and more about making it official.
I bet if someone really tried they could still get married for $1100.
My grandparents had a honeymoon in Belgium.
I paid for my own wedding, $40k all cash. I saved up for a year and a half so that I could have an amazing day without going in debt. It's a once in a life time experience and I don't regret spending that much at all!! :)
😂
If you already had the cash you could've gotten $1,000-2,000 in points if you've used a credit card.
I don't see the problem when taking advantage of the rewards miles/points system if you're discplined and methodical about it. In this case all decisions have been made and you just use plastic instead of cash for the transaction (assuming you have the cash to make all the payments to begin with).
My thoughts exactly. Many people do this because they have the discipline to pay off the cards. If you have the cash to pay it, why not use the cards to reap promotions at the same time?
Totally agree! But I think they’re talking to the vast majority of Americans who are not disciplined enough to do that
Majority will not be disciplined enough to see it through in wedding situation, they will tend to upgrade stuff, go over budget and get extra bits here and there, add things not for the wedding on there, etc. They will have mentality that "we are saving on the plane tickets or getting free miles bonus, we can splash bit extra on this other thing".
@penitent2401 the comment clearly says if you are disciplined and have the cash already
Rachel addressed then in the video.
not being able to use credit cards is just a lack of self control
Lol
That's not terrible advice actually lol
The ISSUE is MOST people can't regulate
I truthfully thought the next thing she was going to say was put EVERYTHING on the card and then walk away and not pay it off
Lol had the exact thought!
🤣🤣🤣 me too!!!
Also, I’m the exception when it comes to spending someone else’s money. I always think of the hours they spent working. My mom bought a gift for me for Christmas and I was very conscience of the pain from standing at her job she went through to make that money. She didn’t have to buy me anything, but then that would have made her feel bad because she is a giver. Love my momma!😘
My mom’s love language is gift giving. So I’m just grateful because I know she’s expressing her love. She works hard for her money and wants to love on me and my husband and kids. It’s appreciated.
She said this but when I went to wedding registry she was asking her guests for money for plane tickets, when I confronted her… she blocked me and took down that portion of the registry 😅
omg! what a greedy pig…
I think they are overlooking that hotel and restaurants will also need to be paid for on the honeymoon
lol wow
I don’t understand why people go into debt for weddings and engagement rings?! My husband worked in loans and the stuff be do to get into debt to be like the Jones’s is ridiculous! I wish our education system would teach financial literacy in high school.
I wish parents would teach financial literacy at home.
They do to an extent. In two separate classes in two separate grades, I had to find a job and housing and budget for groceries using wanted ads. It’s possible we went over taxes, but probably it as minors.
I personally found those projects fun. Because the teacher made them fun. But if it’s just boring going over this and that and not making it real, those classes will be cut.
Engagement rings are a symbol of love and commitment. It means something to people. Weddings are what they are. I don’t understand why you don’t get it. I watch my wedding tape over and over just to see my parents again. It’s a memory.
@@katemiller7874No need to go into debt to experience it
We are doing a "Just Us" wedding at a cabin and I still feel that the package is costly. It's $1500 for a small cake, the officiant, flowers, a night in the cabin, and dinner. We might spring for a 2nd night in the cabin that will run us $250. My dress cost me $50 on clearance. We want to get some nice pictures and the elopement photographer willing to travel to this secluded area is $800. A lot of money imo but the best we could find as an upgrade from just going to the courthouse. At least no debt being used for this.
That is not costly it is cheap.
@@sobeliever1638 depends on how much $ u make. But yes I agree no flex though. I'm practically broke right now.
Sounds like what I want
No one cares
I love the "air quote" fingers hahaha :D
if you spent $50,000.00 on a wedding you would get like $500 back. What am I missing? You cant even get one honeymoon plane ticket for that.
That's a cashback in terms of cash value at 1%. Typically, cards will do 1% (or less) if you redeem for statement balance (cash) or about 5% if you redeem towards flights. We have a basic no fee credit card that gives 0.5% cashback everywhere or 3% at a grocery store (how much groceries can you really buy?). Well, if you're only going to get 0.5% when you purchase from Amazon, you might as well buy that Amazon gift card at the grocery to get that 3%!
Modern day weddings should def consider opening credit cards if they can pay off in full. Its just dumb not too if you have the cash to pay for it. Credit cards are worth the introductory bonus if theres a planned honeymoon and travel. Worst case you cash out the points.
Our refrigerator was on his last leg and the bbq & smoker died, so we bought a new fridge, and bbq/smoker combo. We still have a lot of the money left, we’re planning a trip next year for 3 days to PEI Canada, we using a little of the wedding money and all the cash gifts we received last year for our birthdays also going towards that.
I feel we’re getting closer as a married couple and as individuals were blossoming even more.
One of my favorite things to do is open checking accounts for the free bonus after x amount of direct deposits. Get the bonus, keep it open for the minimum time necessary (read the fine print) then close the account. It's literally free money. Just report it on your taxes.
Not free if you have to report it on your taxes.... duh 🙄
If bonus is $500 (not unheard of), pay $150 in taxes (for example) then net $350 for a few minutes work.
Some have transfer or withdrawal fees. I looked at one through capital one bank, and once I read the fine print, the fees for me to take my money back out after the required promotion time were still more than the bounce money promised in the promotion...
Be sure to read the fine print and do the math. A small percentage adds up.
@@motoryzen Sure it is. It's whatever you received as the bonus minus the taxed rate.
@@saulgoodman2018 agreed, maybe a wire transfer fee
We chose to have small wedding. Just close family, no friends. They could connect in virtually to the ceremony. And we used all the excess money to kickstart out life( buying a home, along with all that that entails) no regrets.
Spent literally $40 24 years ago to get married. Happily married, wonderful life.
I couldn't imagine spending thousands.
We were just getting started in life and it would have brought so much financial stress to our young marriage.
Where did you get married? Estonia
Best marriage advice: rent the wedding dress.
Or go to the local charity shop
Not for everyone, but I'm borrowing my Mom's.
@@caeligratia6706 even better
Historically, women were buried in their wedding dresses, the train is a vail.
A more casual dress is much less expensive as well. Found mine at a chain store for $89. Noted a slight snag in the fabric to the cashier and got another 10% off. Easy peasy. My mom sewed her own eyelet sundress with floral embroidery and it was gorgeous for their garden wedding.
My wife and I did exactly this. We opened an American Express platinum card and with our wedding expenses amassed enough points to pay for our honeymoon. We had the cash and were able to pay every wedding expense with no interest charges.
So….this isn’t crazy, it can work, but you must be disciplined.
I assume you paid the majority of the wedding expenses if not all.. I never met a woman who equally contributed to anything financially.
Same!
I agree with you, but do you think you purchased anything with the card, that you wouldn't have, had you just used cash?
@@pep590 we ran a pretty tight budget and even argued with our vendors when they said they could not meet their contracted pricing.
@@MichaelHollen I was thinking that was the case Michael. great job you all did! Hope all is going great with your family.
If you have the money, this is great advice.
I dont have issues going for vacations on someone’s else interest lol
Eh. I budget and pay my card every month. Earn lots of cash back for things i was going to buy anyway. I get not everyone pays it but i do.
@john Smith She said she has a budget
Exactly. She was making her money work for her and it’s smart.
@john Smith nope!
@john Smith the girl who’s video they used replied on TikTok and said she hasn’t overspent either so this is very much a case by case situation. I don’t tent to over spend either because I never want a balance on my CC.
Got married in 2020. Used a debit card/cash for everything. No debt.
I opened a credit card to buy all the appliance for my new home and I got $2,000 worth of points and I buy fly tickets for my vacation for free. Not sure what is wrong with it if I gonna spend that money anyway.
You probably spent way more with the creditcard vs debetcard/cash.
Rachel may have gotten the job because Dave is her father, but she is qualified for the job and she helps people.
not to mention easier on the eyes
Wait is she really his daughter?
@@Mrdlt_ Yes.
She’s only qualified because she is the daughter. She’s getting there. You watch Dave is very careful who she hosts with
@@caliopeknows844 funny all the other personalities are better and more qualified... yet he keeps her around.
I can pay for my own trips but I will take my points all day long and love it...
If her honeymoon total cost $2,450 dollars. If she's getting 2 percent cash back with her credit card, that means she have to spend $122,500 dollars on her wedding. She better off just having a 30k marriage and paying $2450 for her honeymoon and her total is $32450. Which is still too much but better than $122,500
She said to pay it off every month. No interest due.
The video is arguing that people will spend more than they would otherwise and that most people can’t pay the balance off every month.
I'm convinced Ramsey Solutions has a pocket guide of logically fallacious talking points they go to anytime someone posts a piece of advice that goes against their own narratives, even if it's without a shadow of a doubt, mathematically accurate.
You've already budgeted for the wedding and honeymoon, you have the money, so you might as well save some just by using a literal piece of plastic instead of debiting your bank account
@Tyler Lowe I'm convinced you have never listen to Dave Ramsey before.
@@ispeaknonsense you most certainly live up to your screen name
You shouldn’t buy an expensive wedding in the first place, foolish boy 😂 any woman who insists on an expensive wedding, will also get an expensive divorce 😘 choose wisely guys! An expensive wedding is dumb no matter HOW you pay for it!
@@charlesg7926 this has nothing to do with having an expensive wedding. They're making this point regardless of whether the wedding is cheap or expensive.
@@CreamIceMs The problem with cards is that it encourages you to spend more money. Trust me. When I pay debit or cash, it psychologically encourages me to spend less. This is proven true for everyone. You can’t outsmart billionaire companies
We and our families cooked all the food for the guests and designed and decorated everything on our own. 💜 Good memories, no debt and paid cash for the honeymoon!
2:07
That's so true for many people who use CC.
I use CC myself, but I always know my limit so I don't overspend. My sister did that with her CC and she's in debt now.
I want to thank the 52% of Americans who has paid off my vacations and flights. Thank you. You’ve saved me thousands of dollars and I haven’t paid a single cent in interest.
SAME!!!!!🥰 I have never paid a penny of interest in my life!!!!!!
Do you want a cookie
What kind?
Do not pay with cash for any of the big items. If something goes wrong, then you have no recourse to get your money back. You can complain to the credit card company for a dispute. If you pay cash, it is gone.
I would say it was good advice if they said do not do a wedding. Get married at the city hall. Spending money on a wedding if you're not well well off already it's just nuts.
Nope.
one of the biggest problems with TikTok is that there is ZERO barrier to entry; any yahoo can act like a pro and be believable about it but it's pretty wild how gullible everyone is
I think the same thing can be said of marriage
She said she pays it off each month.
She also uses tiktok, so her advice is immediately voided.
But still, you’re more than likely going to pay more money than you normally would have with cash.
You mean her husband does.
@@saulgoodman2018 I don't care about George
Airline points are pretty lame honestly. After 2 years of this strategy of keeping every single expense on ONE card and paying off every single month.... guess what, 2 years later i still can't get tickets to the place i want to go. 😂
Our entire wedding was less than $5000 in 2016. We made the conscious decision to not start our marriage off with debt.
Don’t parents pay for weddings anymore. Weird.
@@katemiller7874 Some people aren't so privileged. In my case I didn't have parents so... Nice.
@au- well how would I know that. Sorry.
We spent very little on our wedding 11 years ago and have no regrets. I do use a credit card and have never paid interest on it. Just pay it every month. I have a simple cash back card, no confusing point system.
I do what the first chick does. Shes smart. Credit cards charge you nothing if you’re paying it off and you’re not an idiot.
My dream wedding is a backyard/home wedding. I threw one for my sis and didn’t expect it would be so awesome but it simple, memorable, and cheap!!!
I downgraded my CC and on the other end of that phone call, the agent was asking me why I want to downgrade. I just told her outright "I had $3k of debt that I can't pay for the last two years. Now that I paid it off, I don't want that to happen again." My limit is down to $700. Haven't used it since.
(Will cut it up in a year after I've paid the other stuff off).
the same type of scenario can be said for business tax write offs. "I don't really need this or can't afford it but I will be able to write it off"
Our wedding rings together only cost $150😂
This is the way
That’s just embarrassing
@Ramz H maybe to you it is but to other people it's not. I would laugh at you if you told me you spent $3k or 5k on a wedding ring
@@freedomfan4272 to each their own!
Don’t boast about it. That’s sad. It’s a symbol of your love. Wow.
George and Rachel are forgetting that when you take the credit card you opened for the wedding with you on the honeymoon, you can use it for a down payment on a time-share which will give you enough miles for a second honeymoon.
First of all. Hate TikTok. Get rid of it. Stop looking at it. Second. You guys can complain all you want but I did exactly that and had a small wedding. Payed maybe 5k. Got the points. HAD THE CASH. Paid off the cards. Got three free trips and those cards are 100% paid and ripped up. One to Cabo San Lucas. The other to Las Vegas and Florida. This doesn’t justify paying elaborately for a nice fancy wedding to get the miles at all. I think it’s great advice. As long as you have a set budget, you monitor all expenses and most importantly, PAY OFF THE CARD each month!
What card are you using? Because I charge 1200 every month and get a measly 20 dollars .
Got married on a 7 day cruise and had a small reception at home for people who couldn't attend. Enjoyed a small wedding that was about my husband and I and we knocked out the honeymoon at the same time. Spent 10k total for everything and we paid cash.
We're a consumer society but each of us can choose to spend our money wisely. Less is more.
I charge everything on my credit card and pay it off every month. I use the southwest credit card and my spouse essentially flies free with me on every trip.
More bad advise from the Dave Ramsey show.
I will tell you what changed my view of money…I donated plasma and was paid for it. Afterwards, I had an extremely difficult time finding anything that was worth my blood. Now I use that as a mental gauge. I don’t find a lot of items.
This is advice for people are just completely terrible with credit cards.
Agreed. I buy everything with credit card and pay zero fees. I've also gotten $10k+ worth of free stuff from points.
We budgeted 12k for the wedding and 2500 on the honeymoon but spent slightly less. Budgeted everything, and entirely cash flowed. When something wasn't in our budget, we didn't do it. I have zero regrets; it was a beautiful wedding, and having that 12k back vs. our memories wouldn't be worth it. Mainly because we have multiple family members and friends who passed away within two years after our wedding, and everyone was able to be together that day. Some of those are our last memories together.
That was smart. Memories mean so much. They’ll realize it when they age.
If you opt to pay in cash, you can negotiate for a discount that often exceeds the value of what those credit card miles are worth.
We got married in May, we paid under $3000 our parents paid for 1/2 so technically my husband and I paid even less; we got back $12,000 cash.
My husband and I have both become savers and planners for important things.
We’re both shy so we kept it small, and from 20 it became 38 because I’m friends with a lot of his family.
Lol honestly I'd rather spend more money on a house or a amazing honeymoon over a "fancy" wedding
The best part of these videos is the $40 Yeti cups they use. LOL.
Well as long as they paid cash for them it's fine for them right? lol.
Yeti might give it to them for free because it’s a free commercial for yeti
Don't know so much about "getting another CC" especially if you have one already. But if you can and will pay it off each month, absolutely. If you can be responsible, then take advantage. If you can't? Well, then don't. They are a useful tool when used properly.
If you're a person of faith and you feel uneasy about just going to the courthouse to save money.
Most pastors I (including myself) know are more concerned about the marriage than the wedding.
If you're in debt up to your eyeballs and are a person of faith I'm sure any faithful pastor would perform your ceremony free of charge after mandatory premarital counseling (also free). The license is cheap.
Have your immediate families attend and splurge with McDonald's for dinner.
She has a great point
Spend 75k to get maybe a 1000 worth in flight miles lol. This is insanity. The odds of them paying it off on time and without any interest, late fee is statistically low, also.
Instead of having a wedding, why not just use that wedding money to travel as a couple?
No some of us want our whole family together and memories and pics.
💵 Someone else’s money!!! Absolutely a different mind set. 💵 My friend always planned the great wedding growing up. Her daddy said not with HIS money. He gave her and her fiancé a very nice check. He said: “This is YOUR marriage money. Spend it anyway you want. On a wedding, a car, a down payment on a house, whatever.” Result: She got married in the backyard with family and few friends and they bought a house. (Years later. They are still married.)
So she never had a nice wedding because her dad is cheap ass.
I can agree that it is predatory and spending like this can be bad for most people, but acting like it is stupid is what I don't like. You can get a crap loan for a car, but you don't go out telling people that getting loans on cars are bad. With proper education and budgeting, you can make beneficial financial decisions without falling for these "traps.". If someone fully understands the rewards programs of these cards, there is no loss for them spending the money they were already going to spend to get miles, cashback, etc. Some of these cards even have things like transferring points into money that goes straight to your IRA.
My fiancé and I are getting married in July 2022. We cash flowed the wedding. Out budget is $6500. We are getting married in a beautiful barn and doing a lot of the stuff ourselves. $34k is ridiculous.
What is up with barn’s. Just why
Her advice is not bad, if you follow it, but again to the speakers points you will spend more on the card to get the free flights.
Thats not a bad idea for people with self control. Now i wouldn't use my credit card for anything that i have to pay a vendor fee for, but everything else I'd use it, rack up those reward points then pay the bill off immediately. I do this all the time with my month to month bills- no interest, rewards points, and less exposure of my debit card info online
when someone cant manage their own behaviour, what does it have to do with me? it is not making any sense
What's wrong with that advice: leaves so many people vulnerable and starting your marriage off strapped with debt is such an awful way to start a marriage. Even better wedding financial advice: plan a very low key and quiet honeymoon and you'll get way better time together to start things off. You don't need lavish luxury digs to have a great time together.
But if you already have the money and budget yourself credit card is the way to go because you get points in return.
We spend about $4K every month on our credit card but we have developed an habit of paying it off every month without fail. We have been doing this for past 10 years or so.
Other than flight tickets we been funding our home appliances and furnitures with the cash backs and points!
But i agree its a slippery slope, its easy to fall of the track if not careful!
Y’all hear the guy that called Dave talking about a half a million dollar wedding?
I remember. I think he said he is Indian and they have "over the top" weddings. Sounds nuts to me. Total waste of money
@@janisdrew-cross4417 agreed.
I don’t agree that this is the worst part, the real danger is that you develop confidence in yourself that you always pay off your credit card - until you don’t. Life happens, you go through a mental health crisis, an emergency, whatever! And then you wake up one day with thousands of dollars in debt wondering wtf happened!
I did this for years, I paid it off at the end of the month always in full and got the miles, I was so proud of myself. Then a couple of unpredictable circumstances and bam - I was credit card toast 😅
absoulty agree with the tik tok video and 100% disagree with rachel. now granted i have not been married yet only 23 but i've never said "hey bc i have a cc let me spend more money" that's so dumb. Just like the lady in the video, you have to have the money to pay for it in your account and then you pay it off at the end of the month. have never payed any interest
I think she actually had a point. HOWEVER, as long as the charges you are making you have sufficient funds to pay them back ON TIME by the statement closing date, you can earn a lot of airline miles or cash back without paying any interest. You also need to make sure this card doesn’t have an insane annual fee. She has a point, but there are obviously other details to consider that can’t be explained in a short Tik Tok. I wouldn’t spend that much on my wedding, but hey if that’s what you want and your responsible and can pay for it by all means do so.
That girl on the tictok is Reuben Feffer's fiance Lisa and she will always recommend St. Barts for the honeymoon!
I bet she has a CC company affiliate link somewhere below that post 🙄
Its not always like this. I had credit card for years now (just now i dont have because but will get new one probably). I have never paid any fee, always paid card in time (acutally always even month before). But I dont have ability to spend money, for me it does not matter how i pay and for what - i question every spending.
And... in my country there are no plane miles programs like in US... that sucks
Weddings and honeymoons seem like a big escape from reality that people seek before they enter years of monotony.
Imagine spending $40k on a wedding instead of a down payment on a house. Smh.
for a lot of americans this is bad advice but for those of us who are responsible. getting rewards or % back for things you would buy anyways makes sense. The issues is many american wouldnt buy them anyways if it required a debit card or cash. Nevermind any of the very insecure things about using debit cards for buying things
Millennials love these tik tok Dave ramseys! Keep ‘em comin.
ThatONLY works if you have a budget, stick within it, and pay off the card with the cash you have so you don't incur interest debt... So technically it can work!
I think you missed the point, pay off the card with money budgeted when the bills come. Use other people's money. You can still stay on a budget that is planned ahead.
I am really against weddings. Most people can't afford one and shouldn't even try. You should be saving for a down payment on a house. Not accumulate 30k worth of debt for a one day party. People need to realize that a lot of traditional norms (like weddings) are a luxury now.
If a person cannot afford a wedding then they can't afford a house. Buying a house is good advice for people who have a good income but it's horrible advice for people with low income.
That’s why the parents pay. Most couples that get married are young and inexperienced, so they don’t make a lot of money. That’s why the father of the bride pays, because they’re in their prime earning years or already retired because they have plenty of money.
@@johnmartin4641 then dad should pay for a down payment, again, throwing $30k on a party is just insane no matter which way you come at it. I would say anything over $5k is insane actually.
@@FromHomeWithLove24 you’re forgetting that most couples that get married are in their 20s or early 30s. When you’re that young, you don’t have the experience necessary to get promoted to high level positions and get big raises. The father of the bride is usually in his 50s like I was or older and therefore had a lot longer to get promotions and raises and had a lot longer to save.
@@FromHomeWithLove24 if he’s in his 50s, he should already have that taken care of. He’s had decades to work, get promotions and raises, and save and invest for retirement and weddings. His 20 something year old daughter did not have those options.
They will probably be ok, but the danger is definitely there to overspend. Debit cards are almost as bad unless you only put your budget amount in that account
Their main point seems to be that it's bad advice because you'll overspend and fail to pay off the credit card, and get into debt. That could explain why it's "bad" advice for people who lack discipline and can't (or won't) set a budget, but for those who don't lack discipline? I'm waiting to hear why this is such a bad idea.
It isn't a bad idea with proper education and control. That is why everyone is not rich. Most people don't have the time or care to actually educate themselves to make it a good decision. It is the same risk as getting a crappy car loan, but somehow loans are okay to use compared to credit cards.
Love how she toggled between “bonus points” and “miles”
Average wedding is 34K?
I spent less that $345 including Court Fees
Nothing to be proud of yikes
@@katemiller7874
Not everyone is as shallow as you