There is a point in your twenties where your social calendar starts to revolve around weddings – and its great. I love going to weddings! I love spending time with friends and family celebrating a couple that we all love. The only downside to this joyous occasion is the expense for the bride and groom and their guests. The wedding reality TV craze does not help the situation. I personally love a good episode of Say Yes to the Dress or David Tutera’s My Fair Wedding but these shows increase the expectations around weddings and all of the events leading up to the big day. Between the bridal shower, the bachelor and bachelorette parties, and the wedding – it gets expensive. Forget it if you are in the actual wedding party.
This leads me to my latest dilemma, one of my best friends from college is getting married in May. Her bridal party is throwing her a bachelorette party in my state. I am not a bridesmaid but I was invited to the party and will absolutely attend. I just want to stay in my own house to cut costs. I offered the party planners the use of my house and car and they took me up on the car.
The bridal party ultimately booked a fancy Airbnb apartment near downtown with modern furniture, hot tub, and great views. It’s a fair price for a large group of girls and looks like an amazing apartment. I just can’t meet our goal of eliminating 97k of debt this year if I don’t stick to budget. At the same time, I feel guilty skipping out on the apartment since I was very close to a few of the girls in college.
I had hoped my friends would be supportive of my decision, especially since I communicated it to them prior to booking, but not everyone has read Mr. Money Mustache and “gets it.” Cue the bitchy texts:
I love my friends and I understand WHY they are reacting this way – it just sucks. Achieving this goal is super important to me and I’m not going to let less-than-supportive friends stop me.
Also, if you get the irony of that last text you’ll like the following articles on two of my favorite blogs.
Your Debt is an Emergency
Teaching a Debt Perspective to Twelve Year Olds
Side Hustle Update:
Moving on, I decided to put our house up for rent on Airbnb and VRBO. Mr Debt Albatross and I will be renting out our house for a few key events at the university near our house. We priced the rental on the high end to make it worth the inconvenience of having to find another place to stay during that time. I’m a bit creeped out by having other people live in my house and sleep in my bed – but there is a price that would make the heebie jeebies worth it for me.
We already got one inquiry! It’s a woman that wants to rent the house for a full month this summer. I gave her a quote and will wait to see the response. Truthfully, a one month rental goes against our original game plan. We were planning to keep the rental under 14 days so we wouldn’t have to pay taxes on the rental income and so we could face as little disruption to our normal lives as possible. If we go through with this rental, we’d have to find some other place to live for that month. It’s doable if we spend some of that time visiting our families or need to go on a work trip.
In addition to the rental income, Mr Debt Albatross has launched his own weightlifting club which we hope will bring in some extra cash. He already has one paying client! We both work long hours and really value our free time so we used the “what price would make it worth it” method to price this business too.
We’ll see how these two side hustles pan out!