So here's my situation:
I'm a music student who will graduate in May 2011, but my wedding is in December 2010. I don't have a large budget but I have a lot of friends and family. Since I want to celebrate with everyone, I thought it would be a good idea to have two events:
one in December, right after my wedding for close friends and family, hence a lower guest list and cheaper reception. We're planning on using catering for this event, paper invitations, flowers, etc. It would be semi-formal.
and
one in May, for all my university friends, fraternity brothers and sisters, etc. who weren't invited to our wedding. My fiance and I would hold an end-of-the-year party and celebrate our "six-month-iversery." Haha! This would be a very informal event. My logic is that easy to please college students with kegs, snacks, and sheet cake. It's harder to please family that way.
Let me know your thoughts. I like that doing something like this allows me to have both aspects of a semi-formal and casual wedding. I'm sure I'm overlooking cons.