Post # 1
Pay them in full, that is?
The reason I ask is because we paid off our venue package in full yesterday (food, bar, and ceremony/hall rentals, clocking in just under $5K), and the general manager looked surprised that we wanted to pay for everything already!
We’ve also paid for our cake ($390), DJ ($800), wedding rings (just under $2,600), flowers ($550), and officiant ($275). Most of them looked surprised that we were ready with checks, too!
In our minds, it’s nice to have these things paid in full, as it’s one less thing to think about that day.
Post # 3
Our wedding is in 8 days and we paid all the vendors this past week.
Post # 4
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 # 5
@Glasgowbound: Oooh! Eight more days — how exciting! 🙂
Is there a disadvantage to paying things off so quickly? I just hope we’re not missing something. Of course, in our venue payment yesterday, we didn’t pay the full open bar — just $600 of the $1,200 we have set aside for it. The GM recommended not paying the full $1,200 yesterday,as she doesn’t think we’ll even go that high (she calculated $1,050 for an average based on our guest count) and they can be slow in cutting a refund check for any extra money. I was disappointed with that, as I wanted to just pay them the full $1,200, but I can see her point.
Post # 6
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 # 7
@MsGinkgo: Our photographer required a 50% deposit the day we booked our date (back in November 2012), which was $850. We’re prepared to pay the other half now, so I may cut him his check this week, too!
Post # 8
@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 # 9
@JFay: Right?! It’s so nice to be able to just have everything paid for and know that it’s done.
Post # 10
@Aelie: Oooh, we have the same wedding date!
You aren’t kidding on the wedding attire! Holy moly. My gown was a gift from my parents (just over $1K), but my alterations were $390 and I imagine that having it pressed will be close to another $100. My veil is $450, my haircomb is $250, my earrings are $90, my shoes are $90 ($79, plus shipping), undergarment (panties) is $20, hair is around $150 with travel fee + tip, and makeup is close to $100 with travel fee + tip. GOOD. GOD. I better look like a movie star at these prices.
Post # 11
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
@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
@leenh78: Upon signing the contracts, we put down half. the other half will be paid 2wks before the wedding
Post # 14
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 # 15
@mypinkshoes: Gosh, I didn’t even think of the fact that our money is now losing interest since it’s now in their account and not ours! Oh, well – our money market interest rate is not that great right now, anyway.
Post # 16
@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.