Wedding expenses: How far in advance did you pay vendors?

posted 3 years ago in Money
Post # 3
Member
3718 posts
Sugar bee
  • Wedding: August 2013

Our wedding is in 8 days and we paid all the vendors this past week. 

Post # 4
Hostess
9908 posts
Buzzing Beekeeper
  • Wedding: May 2014

so far, everything except my photographer will have to be paid in full at least 10 days before the wedding.  The photographer takes the final payment (of 3) when proofs are delivered in the album.

Post # 6
Member
640 posts
Busy bee
  • Wedding: April 2014

For our original wedding date, our plan was to pay the deposits, and then give ourselves as much time as possible and then either pay them a little at a time or save it all to pay in one last lump sum to each vendor.

Now, b/c of the way FI’s new job pays, we will be able to pay almost everything off in full as we book. We will be able to set aside the exact dollar amount of our budget next month, and then pull from that as we secure our vendors, attire, etc…it’s a HUGE weight off to be able to do this and I want to cry from relief whenever I think about it. We’ve had a lot of issues with money over the past 2 years, and it’s nice to finally have a cushion like that!

Of cousre, now that I’ve been engaged for 2 1/2 years, I’ve had WAY too much time to change my mind about what I want, so we may end up eloping and spening probalbly 1/3 of what we would for a wedding!

Post # 8
Member
215 posts
Helper bee
  • Wedding: October 2013

@leenh78:   we paid everything in full back in April, I really needed to get the money out so I knew how much I can spend on decorations and clothes 🙂

 

Except the DJ, because my MOH is paying for that as her wedding gift to us

 

Post # 11
Member
233 posts
Helper bee
  • Wedding: October 2013

Most will be paid off in September, a month before the wedding. Only the photographer, hair/makeup people will be paid a few weeks before. I agree that it’s good to get it out of the way; less stress for us.

Post # 12
Member
11379 posts
Sugar Beekeeper
  • Wedding: April 2012

@leenh78:  the only downside to paying off vendors ahead of time is that for the next few months, the money is making interest in their bank account and not yours.

also, the other thing is if there was any unforseen emergency that forced you to cancel or postpone the wedding.

i paid our officiant $100 in advance to reserve him, the remainder on day of.  our photographer was paid day of.  our florist was paid, day of.

my venue was wonderful.  i only had to put $500 down as the deposit to hold the date and they usually expect 50% at 2 weeks prior.  i was out of the country so she said not to worry.  just pay when i get into town.  i went there a few days before and she didn’t even take 50%.  after the wedding, i had to ask them for the final breakdown to pay the balance owing.  they were in no rush, i got the bill about a week later.  very unusual for a venue to not worry about getting paid.  it was a country club so i think the majority of their money comes from the memberships.  my wedding was small potatoes in comparison.

Post # 13
Member
6525 posts
Bee Keeper
  • Wedding: September 2013

@leenh78:  Upon signing the contracts, we put down half. the other half will be paid 2wks before the wedding

Post # 14
Member
1768 posts
Buzzing bee
  • Wedding: June 2014

Every vendor we’ve booked we’ve asked if we’d get a discount if we pay in full or pay in cash (with a receipt!). For the ones who have discounted us, we pay them in full ASAP. Everyone else we’ll pay when their contract says the money is due (generally 30 days-two weeks before). As much as I’d like to just pay everyone off, we’re making money from interest with the money sitting in our savings account, so if we’re not getting a discount greater than our APY, it doesn’t make sense to take the money out.

If a vendor doesn’t give a significant discount for cash payment, we’re paying for the item on our credit card, too – that way we get cash back, and then we pay the credit card off with the money in the bank.

Post # 16
Member
4698 posts
Honey bee
  • Wedding: August 2013

@leenh78:  We had the same attitude! I made what I believe was my last vendor payment about two weeks before the wedding, very early I know, but I was ready to do it and get it done with. 

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