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Member Spotlight: Rezwanul Said "I Do" To Debt Freedom with Tally

Tally helped Rezwanul tackle unexpected expenses from his wedding.

February 17, 2022

Rezwanul T. loves rock music and travel. But, after planning his wedding, his bank account felt less than first class.

“Life expenses increased and I spent a lot on the wedding. I did not realize that I would be in debt,” he says.

The average cost of a wedding in 2022 is between $29,000 and $31,000, not the sort of cash just lying around. But, the pressure to make that special day perfect can lead to understandable overspending. Over 3 in 10 couples take on debt for their wedding, with most of them putting the expenses on a credit card.

It’s not hard for that credit card debt to go from manageable to overwhelming, especially for couples during involved wedding planning. It was well after saying, “I do,” that Rezwanul realized he’d also agreed to some hefty credit card debt. 

Overwhelmed with wedding expenses

Wedding planning is that high-pressure mix of emotion and expectation that can make it easy to overspend. The desire to make the day memorable for the couple and the guests can mean exceeding a planned budget. 

But, couples don’t have to feel like they’re sacrificing something special to save a few bucks. There are ways to save while wedding planning without compromise. Ideas include:

  • Creating a comprehensive budget, leaving no place setting unturned  

  • Setting the right expectations for the couple, and the family

  • Deciding what you can’t skimp on when it comes to spending, whether thatthatn be a 10-piece band or the perfect wedding cake

  • Getting creative, like sending Evites instead of paper invitations 

While some debt may be unavoidable in wedding planning, it’s important to get on the same page as your partner. Setting a budget, and being clear about outstanding debt, is just one part of the long conversation you should have about finances before getting married.  

While Rezwanul started to pay down the debt post-ceremony, he realized spending had gotten out of control. That’s when he found Tally†

Using Tally’s lower-interest line of credit, Rezwanul could pay off some of his credit card balances, making the debt feel less overwhelming. With a partner like Tally, Rezwanul felt like he could face his debt. The overspending from one special night didn’t need to follow him for the rest of his life. 


Saying “I do” to a future of debt freedom

If he knew then what he knows now, Rezwanul would’ve questioned some of the finances around the wedding. “I feel that I would’ve focused more on my spending, as sometimes I do not think before spending,” he explains. 

But, with the help of Tally, the future couldn’t be brighter for the newlywed. Now all that’s left is those handwritten thank you cards...  

Are you ready to take the first steps towards freedom from credit card debt? Check out Tally today. 

​​†To get the benefits of a Tally line of credit, you must qualify for and accept a Tally line of credit. The APR (which is the same as your interest rate) will be between 7.90% and 29.99% per year and will be based on your credit history. The APR will vary with the market based on the Prime Rate. Annual fees range from $0 - $300.