I need some financial advice?

Question

In spite of my previous and rather pointless questions I actually wouldn't mind posing a serious one just to see your thoughts.
I'm getting married September 2nd, I lose my job at the end of July. I am currently £1600 overdrawn in my student account, £1100 overdrawn in my current account and I have student loan of around £9000, before my job ends I will get two more pay checks which will add up to just under £1800 after tax. My fiancee has just finished a three year university course so she also owes about £9000 to the Student Loans Company and is slightly overdrawn. I am returning to university next year to complete a 2 year follow on degree that is required to enter my chosen profession, architecture. My fiancee studied animal behaviour and wildlife biology, where voluntary work is all you can get at first. In addition to still having to pay for a number of things for the wedding, I have to book the honeymoon and find enough money for rent & deposit on a flat. Any suggestions?

Don't have an awful lot to sell Im afraid.

As for doing the honeymoon later, it's an option but not too popular with either of us. We're both very run down and need a break, and since we've been going out 4 and a half years and being christians, and we haven't slept together yet, we want our first week of marriage to be pretty special, if you catch my drift.

Thanks Jebus,

We have got the church at reduced rates as we've both gone there since we were 7. Both known the vicar that long as well so he's not charging. Got good deal on reception venue but have a very large family (up to first cousins I have 65 and she has 55). I think the only option would be a small loan but I'm loathed to get into further debt. I've always planned to get a part time job when back at uni anyway cos otherwise we are screwed. Cheers for the advice, I'll read it again later to take it in a bit better.

Other than that I guess I'll just pray for a miracle!

Cheers Yogi,

Believe me, I know the little things help. I tend to do the lights, hand washing etc. more from a hippy environmental way than a cost issue, but it's a good idea. I think I agree about the whole enjoying being young, but don't want to regret it in 5 years time.

Anyway, cheers for the responses everyone. Appreciate it.

Answer 1

I think you should go ahead and do wahtever you feel like needs to be done. Have fun while you're young and try to catch up after the honeymoon. You can help save the money you earn by eating the generic brands on groceries, not buying clothes unless you have to, turning off cable TV and internet access if you have to. If you both have cell phones, then there's no reason to pay for a home phone too. Don't use the dishwasher if you have one. Wash the dishes by harnd. It takes less time, soap, water, and electricity. And you know they'er clean the first time so you don't have to wash them over again. When you're not in a room, make sure everything in there is turned off so you don't run up a large electric bill. When it's warm outside, but no hot, just put a fan in an open window instead of turning on the air conditioner. When youre ready to start paying off loans, credit cards, and such, pay off the smallest ones first so they're out of the way and not racking up lots of new fees. You can focus on the bigger ones when the small one are out of the way. If you are both in school and working part time, make your meals at home and take them with you. Don't eat out all the time. Make it a special occassion when you eat out. That will save more money than you can imagine. These things may not sound like much, but do all of this for a year, and see how much more money you'll have to go to bills and more inportant things. Also, get the word out that you would like cash as a wedding present instead of wrapped gifts. These are all things that I try to do to keep the bills lower. And, they surprisingly work more than you might think. Each one is just a little bit, but they all add up together.

Answer 2

Regretably, I think your only answer is hard work and taking what you can get. I myself was unemployed when I married, and ended up putting some of the wedding and honeymoon on credit cards. It took me 9 months to find work, and I had to suck in my pride and take a retail job just to make ends meet. That was five years ago and yes, I am still paying off some of that debt. One suggestion would be to take a small, maybe extended weekend away rather than a full honeymoon now, and take the full honeymoon later what it is more feasible. I'm not sure how much work you can do while schooling, but reality says you may have to work. If your wedding plans are not already set, check as many places as possible before selecting a hall. Some will offer good food and bar all together at a reasonable place. We also saved money by having a judge marry us at a gazebo that my family decorated in a garden setting behind the hall, so we only had one place to worry about. All in all, it saved us lots of time, hassle, and money. I guess especially when you're cash strapped, you have to be patient to find the best available within your means. Believe me, it's very hard to get out of the kind of debt you will probably incur getting married. But that being said, DO NOT be afraid to toe that line and get that little extra that makes the wedding magical. It really should be the happiest day of your lives, so make sure it is. Thanks, and good luck!

Answer 3

In my revel in fiscal "advisers" that present unfastened take a seat down recommendation, will so much obviously comply with that up through a now not so delicate earnings pitch. I in my opinion decide on to coach myself, adding speaking with others who recognise price range. I do not feel there's something improper with utilising a fiscal guide and his/her offerings, however search out any one reliable, as a substitute than getting your self caught with a rough promote that is probably not to your first-rate pursuits. My fundamental fiscal recommendation: Pay your self first. Monthly automatic deposits be certain this and in addition drive you to greenback rate usual. Where you make investments or store your cash could make a change, however the first and fundamental major factor is that you just store or make investments it by some means. ~

Answer 4

If you can't get help from family then you'll have to find another job. Both of you can get into new car sales if you want to make some good money quick and have alot of fun. You'll have money for your wedding in no time. Make sure to mention your school hours during your interviews.

Answer 5

Log onto Daveramsey.com this changed our lives. because you are a christian I can say that the borrower is slave to the lender and you should understand this.
Take the Financial Peace University course for 91 days and see if it dos'nt change your life.

Answer 6

do the honeymoon later less pressure money and emotioaly

Answer 7

Sell! Sell! Sell!

Answer 8

There is some good info here.