Question about paying off vendors

posted 2 years ago in Logistics
  • poll: Is it better to pay off vendors in full before the wedding?
    Pay them off in full ASAP--less worry for you and FI : (6 votes)
    50 %
    Hold off on making payments until closer to the wedding--you never know what could happen : (5 votes)
    42 %
    Other (please explain below) : (1 votes)
    8 %
  • Post # 2
    1248 posts
    Bumble bee
    • Wedding: April 2014

    MrsMeowton:  I paid for my vendors when the final payments were due (so normally in the final weeks leading up to the wedding). My theory is why should I pay early and let them earn interest on money that I could be earning interest on! If you know you have the money there ready to go then I would be putting it into a high interest savings online savings accout or similar and then don’t touch it until the payments need to be made.  I also did have my make up artist pull out a week before the wedding due to a family illness/emergency. It took me 6 weeks to get my deposit back from her so I am very glad I only had to chase $80 rather than $500 had I paid in full! I needed to book someone else straight away and have the money there to pay them.

    Post # 3
    5769 posts
    Bee Keeper
    • Wedding: October 2014

    Pay with a credit card so you have some protection in case a vendor goes out of business or doesn’t deliver what’s in your contract, then pay the credit card off right away.

    Post # 4
    513 posts
    Busy bee
    • Wedding: October 2014

    I am commenting to follow 🙂


    Our wedding is in October and I have been having the same predicament!


    I have been emailing ll our vendors to set up appointments to finalise bits and pieces. Some have offered payment plans but I’ve been thinking we will just pay in full when it gets closer 

    Post # 5
    208 posts
    Helper bee
    • Wedding: October 2014

    We decided to pay our vendors in full as early as we could. Just under four months from the wedding, I am so glad we did. Now we know that the only expenses we have to worry about are paying the last bit of the catering cost (we paid the majority of it early but will pay the remainder once we have a final guest count and actually know the final price) and any other little stuff that comes up along the way. I tell ya, the feeling is amazing. The stress off my shoulders is so worth forgoing the little bit of interest we could have made with the money just sitting in our savings account for a few extra months. (I will say, though, that we have very clear contracts with all our vendors that outline cancellation policies and refunds in ridiculous amounts of detail.) If you think it’ll save you some headache by taking one more thing off your plate in those final weeks, I say go for it!

    Post # 6
    8387 posts
    Bumble Beekeeper
    • Wedding: April 2013

    MrsMeowton:  I paid my vendors when final payments were due, but I set aside the amounts in a separate savings account so that I wouldn’t have any surprises.  My theory was, as long as we have the money we don’t need to worry about it, plus I can let the money gain interest in my account while I wait.  Just be sure that the pricing is clearly outlined in all of your contracts.

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