We all love a good wedding: music, food, laughter, community. But in recent years, something else has crept in: the pressure to put on a show. A friend once told me, “Marriage is not just about two people anymore. It’s a way to show status, pride, and how far they’ve come.” With more money flowing in, weddings slowly stopped being just celebrations. They became symbols.
And honestly, if you can afford it, there’s nothing wrong with going big. Celebrate the way you want.
The problem starts when we try to match someone else’s scale without the means to do so. When we borrow too much for one day and end up paying for it over years. That’s not celebration anymore. That’s pressure.
Wedding loans are common now, but they’re part of a bigger trend. More of us are borrowing for things we used to save for: phones, trips, celebrations. Not all loans are bad, but not all are wise either.
When should you avoid a loan? • If the amount is less than your monthly income: save instead. • If it’s for a want, not a need: events, travel, gadgets. • If it’s for risky activities: trading, gambling, etc.
When can a loan make sense? • If it helps you create assets, like starting a shop or purchasing a property which will give you cash flow. • If it fits your budget and doesn’t derail future plans.
P.S. A loan isn’t a gift, it has to be repaid. Miss a few EMIs, and the bank can auction your collateral. A poor credit score can block future loans, cards, or business funding. So borrow only what you can repay.
Loans aren’t bad, but they aren’t free. Celebrate your big event or your new purchase. Just don’t let the debt last longer than the memories.
These are conversations we rarely have out loud. That’s why we started Moneybar, a space to talk money the way we talk life: honestly, openly, and with each other. Download the app from playstore or appstore. All you have to do is Sign Up and Request to join!
Paweii Kayina,
Founder & CEO,
Moneybar
Thursday, July 24, 2025