Dave Says: Wait on the honeymoon?
Dear Dave,
My fiancé and I are getting married in three weeks, but he lost his job as an experienced HVAC technician at a hospital a few days ago. Do you think we should still go on a honeymoon, or wait until things are more stable? I’m on Baby Step 3 of your plan, and I make $56,000 a year. I also have $7,000 in an emergency fund. He was making $64,000 a year, and he’s on Baby Step 2 with about $10,000 in car debt remaining. We have $3,000 already set aside for the trip, plus another $2,000 we were planning to put toward fixing up his place.
Corina
Dear Corina,
First, congratulations on your upcoming wedding! I hope you two will have long and happy lives together.
Usually, I’m not a big fan of spending when someone loses a job. But I think your situation is a little different than most. You’re both serious about dumping debt and getting control of your finances. Plus, you’re working together, and you’ve already got a nice chunk of cash parked in the bank. That tells me you’re both wise enough to know the importance of saving.
Your guy can find another job in a couple of weeks, considering his field and experience. Companies everywhere are hiring people right now, and the economy is booming! If he gets out there and really busts it looking for another position leading up to the wedding, I think you two will be fine. He might even be able to work it out to start right after the honeymoon.
You two have some financial padding, his job is an easy one to replace, and his income will be restored soon if he’ll just get out there and make it happen. Go on the honeymoon, and have a wonderful time. God bless you both!
—Dave
* Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 14 million listeners each week on 600 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.
