Post # 1
so my Fiance and I are getting married September 2017!!!! We are of course paying ourselves and had no money saved up for a wedding, really just our regular savings we rather keep building for the future. I know you all have seen the weekly money challanges online, where you deposit an amount every week and by the end of the year you have about $1500 savings or something.
i did one that better suited us for it being bi-weekly and I put the payments a little higher, to suite our financial situation. We are both doing the challange so in the end should have a little over $10,000. I also condenced it so its 26weeks vs 52 weeks. So we can complete the challanged before our high payments for our venue kicks in !
we have an all inclusive venue so once the venu is paid for we just have to worry about other minimal expenses like invitations, gifts stuff like that. We put a 2,000 deposit down and our payments won’t start until Feb 2017 and those payments are high high high, because they like for the process to be stress free AND for the wedding to be paid off 5 months before, which I have no issue with! So we’ve been doing this money challange, we’re on week 12. MyFI has been so cute and still deposits whenever he gets spare change, bonuses etc he’s so into it and we do feel somewhat stress free as far as paying for the weeding. And it’s a bonding experience for us, he’s not really too involved in the wedding, more of the here’s the card type of guy, so it’s been fun.
i made a cute little wedding day fund and we’ll crack it open when it’s time for the large payments. Hope this helps someone! Keep in mind that we tweaked the duration and amount to what works for our home! You can ignore the directions I had at the bottom for my Fiance lol the dates we’re a bit off anyway. we plan on even when the 26weeks are up to still put money. Also I know towards the end you may say that’s a lot of money to put every two weeks, and it is ! But for us it’s much better than what our payments for our venue will begin to be come Feb. so for us it’s a relief. happy planning bees!
Post # 2
Congrats to your engagement! I think this is a fabulous idea. I’m not engaged YET but I think I will secretly start a fund like this so when and if it actually happens I will have money to begin with the deposits. Great idea!!!
Post # 3
This was my only hesitations about having a short engagement (engaged May 14, 2016 – wedding October 22, 2016) – the budget. My fiance and I both make above average salaries but I would have like to had at least a 12-month savings plan. I would take a lot of stress off the planning and still allow us to not take on any debt with our wedding. Your plan sounds a very good idea.
Post # 4
Not that I’m knocking it but why the short engagement? I think if I were engaged already I would have gotten married the next day!!!! I couldn’t imagine being engaged for years like I have seen on here with some of the other bees. Engaged this year with a wedding date of 2018!! Never!! The only thing that would make that good for me would being able to save for the wedding and being debt-free afterwords.
Post # 5
thank you! And yup we will be engaged for a full year and some change we did this because we are having a lot of guest and I’m not having anything over the top but food & alcohol and decor is very important to me and I don’t want to skimp and those things are extremely expensive! We are paying for our own wedding and had money saved but the money saved is literally for our debts. After getting our debts together as of Jan 2017 we will be debt free! Possibly sooner bc fiancé got blessed with his first job as a Dermatologist! Go babe! Lol anyway I would love to get married right now but this is working out great for us! I’m not stressed about expenses and so glad the wedding will be paid for almost 6 months before the wedding! That’s huge for us. I love love this plan hope it helps someone. We stated one for a house down payment but our parents gifted our down payment so now it’s just turning into a savings! Come on 2017 lol