(Closed) Finances and this Wedding……

posted 7 years ago in Money
Post # 3
Member
4824 posts
Honey bee

How about you get a jar for the kitchen and each week you put X amt of cash in the jar for the wedding. Anything above and beyond that goes to bills and “other”. As long as the wedding jar money is there every week, and no debt is being incurred everyone will get what they want.

Post # 4
Member
2701 posts
Sugar bee

For one month, don’t say a word about finances. If you have online, banking at the end of that month, print out your statement. Write a “n” next to things that were needs such as rent, food, gas, utilities, insurance, etc. Write a “w” next to wants like eating out, books he won’t read, whatever caters to your relationship. Add them up for him and let him see how much money is being wasted on nothing. My FI did this when we got a bank account together and it has helped so much. Now when we make purchases together, we say “n” or “w” and laugh about it. Make sure to reward yourselves sometimes in little ways. For instance, we saved $2,000 for the wedding which was a big deal considering our incomes, so we had a nice date night out to celebrate.

Post # 5
Member
5668 posts
Bee Keeper

@lefeymw: Jars always tempt me with theirs quarters. “Oh, it’s only 50 cents for a soda at lunch, I’ll just borrow 50 cents from the jar…” etc. Why not take it one step further and have the savings amount direct deposited into a savings account? It’s like the money deducted for a 401k. Out of sight, out of mind. He won’t even miss it, I promise.

Post # 6
Member
4824 posts
Honey bee

@Aure: That works too. Each to his own. I was thinking mostly in bills as in each week they have to but in $50 each in a bill, not so easy to just “grab one” and also because, for me, its easier to toss in a few extra bucks here and there which adds up.

Post # 7
Member
5668 posts
Bee Keeper

@lefeymw: Oh, I’m definitely not knocking the jar method. My FI and I found cute piggybanks at Target and each got one to throw change/extra cash in. I tend to take little bits of money from mine and I wouldn’t do that with a savings account. Savings accounts also earn some interest, which you don’t get from a piggybank or a jar. I think I’d also be uncomfortable having the entire wedding savings in cash in the house, but if you have a safe or somewhere to keep it it might be a better option for you.

The topic ‘Finances and this Wedding……’ is closed to new replies.

Find Amazing Vendors