X
theAsianparent Logo
theAsianparent Logo
  • Pregnancy
    • Due date calculator
    • I'm pregnant
    • Trying To Conceive
    • Labour
    • After birth
    • Baby loss
  • Parenting
    • Parenting & Play by Friso
    • Parent's Guide
    • Relationship & Sex
  • Ages & Stages
    • Baby
    • Toddler
    • Pre-schooler
    • Kids
    • Pre-teen & Teen
  • Feeding & Nutrition
    • Diseases-Injuries
    • Breastfeeding & Formula
    • Meal Planner
    • Health
    • Allergies & Conditions
    • Vaccinations
  • Education
    • Pre-School
    • Primary School
    • Secondary School
  • Lifestyle
    • Money
    • Travel & Leisure
    • Fashion
    • Home
    • Fitness
    • Contests & promotions
  • News
    • International
    • Health
    • Celebrity
    • Singapore
  • Money Parenting
    • Tips for Parents
    • Tips for Toddlers
    • Tips for Older Kids
    • The 5 Personas
  • TAP Recommends
  • Shopping
  • Press Releases
  • Project Sidekicks
  • Community
  • Advertise With Us
  • Contact Us
  • Become A Contributor
  • VIP

First comes love, next comes marriage, then comes...debt?

3 min read
First comes love, next comes marriage, then comes...debt?First comes love, next comes marriage, then comes...debt?

Your dream wedding could leave you neck deep in debts with a newfound strain on your relationship. You may even have to forego that honeymoon you've been dreaming of. Read this couple's story...

For many couples, their wedding day is a very big deal. After all, it is a once in a lifetime sort of day – we all know little girls start dreaming of their wedding days around the same time they start watching Disney cartoons.

It was no different for this Singaporean couple that wanted to revel in the magic of their dream-wedding day. Mr. and Mrs. Cayden Lee are still paying off the debt that was incurred in October 2012 for their wedding ceremony.

dream wedding ends in 110K debt, expensive weddings

Many couples dreaming of their special day fail to ensure they stick within a reasonable budget.

Mr. Lee said in a report that he regrets clocking up such a grand debt and that he and his wife struggle to make ends meet on a monthly basis.

The total sum of $110, 000 came from various different sources, such as financial institutions, relatives and legal moneylenders along with their total savings of $20,000.

dream wedding ends in 110K debt, expensive weddings

Young couples find themselves faced with mountainous debts.

Mrs. Lee said, “When we first did our calculations, we were confident that we could afford it. We gave ourselves a year or two, at the maximum, to work things out.”

However, Mrs. Lee found herself slipping into depression and quit her job just six months after the wedding.

The wedding was indeed extravagant and even consisted of a bridal arch made out of 999 tulips from Holland along with a banquet dinner at a 6-star hotel in the Marina Bay area.

RELATED: Click to find out the importance of savings!

Due to the amount of money they pumped into the wedding ceremony alone, they had to forego their other dream – a honeymoon in Europe. They settled for 5 days in the neighbouring Genting Highlands instead.

The couple explains that they did not realise that many of their relatives were simple folk with simple education and jobs – making it hard for them to break even from the red packets that were collected.

dream wedding ends in 110K debt, expensive weddings

Nasty financial situations can put strain on a relationship

This financial strain from the wedding has placed much stress on their marriage and they have found themselves fighting more than they did throughout the 6 years prior to marriage.

Most of their arguments were over money and who was to blame. Changes to the couple lifestyle also had to be made to ease the financial strain. They have since advised a friend’s daughter against making the same mistake with her own wedding.

dream wedding ends in 110K debt, expensive weddings

You could find yourself struggling to make ends meet.

Couples planning on tying the knot – plan your finances wisely a big wedding isn’t everything. Spend less on the ceremony and have more for the honeymoon or even on your first house!

Partner Stories
School Holiday Offers 101 – Awesome Deals Across Shopping, Travel and Dining with Citi Credit Cards
School Holiday Offers 101 – Awesome Deals Across Shopping, Travel and Dining with Citi Credit Cards
Looking for Fun June Holiday Activities? Take Your Kids to City Square Mall to Meet Hello Kitty and My Melody
Looking for Fun June Holiday Activities? Take Your Kids to City Square Mall to Meet Hello Kitty and My Melody
Fun for All Ages: Best Family-Friendly Vacation Spots in Australia This School Holiday
Fun for All Ages: Best Family-Friendly Vacation Spots in Australia This School Holiday
Changi Experience Studio’s ‘A Night at the Airport’ Family Camp and Other Fun Programmes Return to Jewel This June Holidays
Changi Experience Studio’s ‘A Night at the Airport’ Family Camp and Other Fun Programmes Return to Jewel This June Holidays

RELATED: Money saving tips for new parents! 

Source: news.asiaone.com

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Sonia Pasupathy

  • Home
  • /
  • Lifestyle
  • /
  • First comes love, next comes marriage, then comes...debt?
Share:
  • I Tricked My Husband Into Having a Baby to Save My Marriage

    I Tricked My Husband Into Having a Baby to Save My Marriage

  • Lullaby song: The Grand Old Duke of York

    Lullaby song: The Grand Old Duke of York

  • Ella Chen's 4-Year-Old Son Caught Her Changing Her Sanitary Pad, Here's How She Dealt With The Situation

    Ella Chen's 4-Year-Old Son Caught Her Changing Her Sanitary Pad, Here's How She Dealt With The Situation

  • Why it's getting harder to keep baby safe in this world

    Why it's getting harder to keep baby safe in this world

app info
get app banner
  • I Tricked My Husband Into Having a Baby to Save My Marriage

    I Tricked My Husband Into Having a Baby to Save My Marriage

  • Lullaby song: The Grand Old Duke of York

    Lullaby song: The Grand Old Duke of York

  • Ella Chen's 4-Year-Old Son Caught Her Changing Her Sanitary Pad, Here's How She Dealt With The Situation

    Ella Chen's 4-Year-Old Son Caught Her Changing Her Sanitary Pad, Here's How She Dealt With The Situation

  • Why it's getting harder to keep baby safe in this world

    Why it's getting harder to keep baby safe in this world

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Pregnancy
    • Baby
    • Education
    • Events
    • Allergies & Conditions
  • Family Occasions
    • Breastfeeding & Formula
    • Child Safety
    • Health
    • Diseases-Injuries
  • Lifestyle
    • Home
    • Money
    • Feeding & Nutrition
    • Diet & Weightloss
  • Normal Delivery
    • Cesarean Delivery
    • Behaviour
    • Secondary School
    • Formula Feeding
  • Ages & Stages
    • Latching & Concerns
    • Festivals & Holidays
    • Education
    • Pre-teen & Teen
  • More
    • TAP Community
    • Advertise With Us
    • Contact Us
    • Become a Contributor


  • Singapore flag Singapore
  • Thailand flag Thailand
  • Indonesia flag Indonesia
  • Philippines flag Philippines
  • Malaysia flag Malaysia
  • Sri-Lanka flag Sri Lanka
  • India flag India
  • Vietnam flag Vietnam
  • Australia flag Australia
  • Japan flag Japan
  • Nigeria flag Nigeria
  • Kenya flag Kenya
© Copyright theAsianparent 2022. All rights reserved
About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
  • Tools
  • Articles
  • Feed
  • Poll

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

theAsianparent heart icon
We’d like to send you notifications for the latest news and lifestyle updates.