My good friend asked me to be a bridesmaid in her wedding in the summer of 2009. At the time, I was relatively stable financially (though not rich by any means) and thought that I would be able to easily handle the responsibilities that come with the decision. However, since I have gone back to grad school, which has sapped up not only all of my cash, but also has caused me to move really far away (this wasn't a sudden decision, but one that I had planned for a while and had discussed with her). She recently set a date for the wedding, which will be October 2011.
I think I was trying to be optimistic about really handling the financial aspect of being a bridesmaid, but as it stands now, I don't think I can afford it (in addition to the airfare and accomodation costs of traveling to the ceremony). When I was visiting her over the summer, I brought all of this up with her and tried to bow out (as gracefully as I could), but she asked me to reconsider and see if my situation changes. Also, she implied that if worse comes to worse, she could help me out.
I don't want her to have to pay my way for me -- she's already stressed about her budget and I don't want to contribute to that. The more I think about it, the more I think the best thing to do is step down. My situation is not going to change (the part-time work I do in addition to studying is barely covering rent and tuition for next year). But I don't know how to bring up the subject again. She told me to wait until closer to the wedding (she's a pretty laid-back bride and there aren't matching numbers of BMs and GM, so thats not really an issue), but I think I should bring it up as soon as possible.
Any advice would be appreciated. And I know it's a sucky situation, I didn't plan it to work out this way.