Social media users are actively discussing a recent revelation. A man shared that his close friend and new wife secured an $88,000 loan. They used this substantial amount to finance their wedding celebration.
In a widely shared video, posted on the platform X (formerly Twitter), the man analyzed the loan’s financial implications. His identity remains private.
Unpacking the Loan Details
The video provided a clear breakdown of how the newlyweds plan to repay their considerable debt. They face an $800 monthly payment for the loan. This repayment schedule stretches over 199 months. This period translates to approximately 17 years.
The man further explained the total financial impact. The couple will incur an estimated $70,924 in interest. This brings the overall cost of their wedding to roughly $158,923.
Public Reactions and Perspectives
The post quickly generated significant discussion. Netizens flooded the comment section with various opinions. They shared diverse thoughts on the couple’s financial decision.
One user, known as “The Crafter,” expressed disbelief. “They will be servicing a loan for 17 years. All just to impress people at their wedding,” the user remarked.
“Hypeman” offered advice to unmarried individuals. “Dear Unmarried Youth, avoid debt for a flashy wedding. I prefer something small and well-organized. A wedding is not a display of wealth,” they stated.
“Mindya” shared a personal stance. “There’s no way I’m doing all that. We’ll get married at city hall. If we desire a big wedding, we will save for it. We won’t live beyond our means for a single day,” she asserted.
“Night rider” highlighted the long-term consequences. “A wedding lasts a day. But the debt can shadow a lifetime of love. It should never begin beneath the weight of a bill,” the user cautioned.
The original post, a tweet, contained the following message:
“A friend of mine just got married so I asked him how much it cost to have such a wedding, he told me he and his spouse took a $88,000 loan. Their monthly payment for the loan is $800. It’ll take them 17 years to pay off the loan. They’ll end up repaying $158,924 with interest.”
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