AITA for not planning a wedding reception?

Hi all. So I (25F) am getting married. My fiancé and I (25M) decided we wanted to just get married doing a small ceremony, no crazy party, probably just get a nice airbnb where close family members (20 people or less) can eat together and dance a little. (Think elopement style) Honestly we don’t have all the details planned out yet. And here’s why…… My parents are mad because we are not making a big party (we are Hispanic if that matters at all) we just don’t think a big party is wise, it would be to expensive, we are not rich and we do not want to go into debt for only one day. We have enough saved to splurge on a nice honeymoon. My parents are going absolutely insane because I don’t want to have a party after my ceremony. They have screamed at me various times over the phone that I am being selfish and not allowing them to share the happiness of that day with other people. they want to invite some of their close friends, my fiancé and I do not want them there as we do not consider them that important to share our day with i know it seems harsh but it’s how we feel. Also, for more context…. My fiancés parents have offered to pay for a party should we want one, but we truly don’t so we declined that offer as we do not want them to spend that money on something WE deem unnecessary. (Not bashing anyone who has a big party, they are beautiful but we just don’t want one). And my parents found out about the offer so they are telling us to take the money and plan a party, which I think is a little selfish and I feel embarrassed with my inlaws that my parents want to take advantage of their money.

So … AITA for not indulging my parents and not planning a wedding reception?