We Broke Up…What to Do with the Wedding Fund?

posted 3 years ago in Emotional
Post # 3
Member
3341 posts
Sugar bee
  • Wedding: October 2013

I’d use it to treat myself to a kickass vacation with my girlfriends which I would probably need after a breakup! However, the more responsible choice would probably be a house down payment Fund. Why not just hold onto it and give yourself time to think about it?

Post # 4
Member
4440 posts
Honey bee
  • Wedding: June 2013

@AnonInTheMorning:  

 

Well i’m sorry to hear of your recent status change!  I think you shouldn’t spend the money unless you are really sure on what you want to spend it on.

Just because it’s now “available” doesn’t mean you have to make a decision right away!  Are you ready to buy a house?  Did you want to before the breakup anyway?  Do you NEED  a new car?  Maybe until you’re sure, buy a little something nice for yourself, like a new dress or something that makes you feel good…and save the large expenditures for a later date 🙂

Post # 5
Member
4367 posts
Honey bee
  • Wedding: November 1999

Save save save!! You don’t need a reason to do that. Anyways sorry y’all broke up 🙁 hang in there…

Post # 6
Member
6812 posts
Busy Beekeeper
  • Wedding: June 2014

I second the PP w/ the kickass girls vacay!  Take like $1,000 to blow on a nice vacay or maybe a shopping spree or something.  Then, take the rest and save it for the next wedding fund – eventually, you will get married and you will be happy the money is all already saved up!

Post # 9
Member
11379 posts
Sugar Beekeeper
  • Wedding: April 2012

there’s no reason to spend it.  just save it and if there is something you find that you want, buy it as a treat to yourself.

Post # 10
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

@AnonInTheMorning:  You could put it in a 5-year CD,make some interest, and use it as the downpayment on a house or a future wedding fund!

Post # 11
Member
113 posts
Blushing bee
  • Wedding: June 2012

Do you have any debt at all? I would immediately pay off any Credit Cards, Student Loans, Car Loans (highest interest rate first).

Then making sure you have a 6 month emergency fund.

 

Post # 13
Member
4483 posts
Honey bee
  • Wedding: April 2015

Any debt should get first priority, then maybe I’d treat myself to something small and save the rest.

Post # 14
Member
573 posts
Busy bee

Save most of it as a reserve, but why not treat yourself to a small portion of it for a vacation, new handbag/whatever will give you a quick pickmeup?

 

 

 

Post # 15
Member
1793 posts
Buzzing bee

Blowing a savings on a vacay isn’t wise in the least.  Glad to hear you aren’t taking that under advisement.  I vote emergency fund or retirement fund – and keep on funding it!

Post # 16
Member
4909 posts
Honey bee
  • Wedding: November 2010

@emmrr3:  

 

+1

 

I agree, use a small, predetermined amount for a little retail therapy and save the rest.  It’s never wise to make major financial decisions when you’re emotionally distraught.

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