Saving for the Big Day

posted 3 years ago in Money
  • poll: Did you have a saving for the wedding prior to getting engaged?
    Yes we had a wedding savings prior : (6 votes)
    19 %
    No we started a wedding saving after the engagement : (19 votes)
    59 %
    Someone else is paying for the wedding : (4 votes)
    13 %
    dont know how i'm going to pay for the wedding : (3 votes)
    9 %
  • Post # 3
    2414 posts
    Buzzing bee
    • Wedding: February 2015

    I’m 2015, but we worked out a budget for everything and a plan to have it saved for when the items need to be purchased.  

    We are funding it all on our own.  We have savings from before the engagement, but neither of us really want to spend it on the wedding.  They’re emergency funds that we don’t take money out of, we just put money in.  😛  They’re both for true emergencies. 

    I am not crafty and I will not be DIYing very much (I don’t have that talent!)  But we figured out how much we’re willing to spend on various items.  I’ve planned a lot of large scale events through work and volunteer positions.  I never go over budget.  So hopefully I can do the same here.

    Post # 4
    6073 posts
    Bee Keeper
    • Wedding: August 2012

    @richinlove:  My H actually had all the savings before we got engaged.   I did not have any savings, but I did not have any debt either.

    Post # 5
    2576 posts
    Sugar bee
    • Wedding: November 2013

    @richinlove:  I didn’t really start saving for the wedding directly, but basically once I got engaged and knew we had a wedding coming up, I stopped shopping for random NWR items and just focused my spending on wedding stuff instead. DH had savings that he put towards his share of the wedding expenses.

    Post # 6
    1403 posts
    Bumble bee
    • Wedding: February 2014

    My mom is paying for the wedding but I choose an extra expensive photographer, DJ and officiant so I wanted to pay for those.  About 6 moths ago I just started putting 20% of my paycheck into a savings account and I have just enough saved to cover all 3.

    I basically started saving right after the engagement

    Post # 7
    2419 posts
    Buzzing bee
    • Wedding: August 2015

    I’m a 2015 bride and we are opening a joint savings account, hopefully this weekend, to start saving. I know how much we need to save every month to be where we need to be. Hopefully we can start booking our venue and church over the summer.

    Post # 8
    9526 posts
    Buzzing Beekeeper
    • Wedding: August 2013

    My mom passed away a couple years before I got engaged. One of her requests was that I set aside some of the life insurance money to be used for a wedding/honeymoon. I picked the amount to set aside for the wedding based on the wedding cost of my best friend and cousins and we actually spent significantly less than that. I picked the amount to set aside for the honeymoon based on our last couple international vacations but we decided to splurge for the honeymoon and spent more than double what we originally intended. We also make a very concious decision to be generally frugal with our living expenses so that we can save for whatever it is that we’re saving towards at the moment (wedding, house, retirement, vacation, etc.). So we didn’t really make any extra cuts when we were saving for a wedding, but we live that way all the time.

    Post # 9
    212 posts
    Helper bee

    After our engagement, we sat down and drew out a joint budget and decided on how much of our income was to be allocated to bills, saving (including for a wedding), and fun-money. To save on costs, we are DIY-ing our centerpieces, having no bridal party, and are not sending physical save-the-dates. We were also able to get a pretty amazing deal on the venue by having it on a Sunday. We are allowing some splurges here and there and do plan on taking an amazing honeymoon. I hear you though – it is CRAZY how much it costs and sitting down to draw up a plan concerning how much we could reasonably save by then really gave us an idea as to how much we could budget so we won’t be starting our marriage drowning in debt.

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