(Closed) paying off balances..

posted 5 years ago in Money
Post # 3
Member
10589 posts
Sugar Beekeeper
  • Wedding: January 2011

Pay things off as they come do.  Stick the money in a HISA to get what you can out of it.  Right now, I’m earning 2.5% on most of my savings account.

Post # 5
Member
10589 posts
Sugar Beekeeper
  • Wedding: January 2011

It also prevents you from having to fight for your money back if something goes wrong.  It’s rare, but there’s been threads about weddings being called off, vendors going bankrupt, etc.

Post # 6
Member
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

@AB Bride:  Agreed. 🙂

Post # 7
Member
808 posts
Busy bee
  • Wedding: March 2013

AB Bride:  Which HISA are you using?

 

Post # 8
Member
267 posts
Helper bee
  • Wedding: June 2013

i always think about credit. if you have credit card debt, use that money to pay it off and then charge your expenses and earn points. your credit card companies are also your allies with resturns. maybe lots of cards do this but i had a sizeable purchase for the wedding (a little under $500) that i needed to return but the vendor wouldn’t take it back. after documenting my struggles with them, i turned to discover card who refunds up to $500 regardless of the vendor’s return policy.

if you’re  against, or for other reasons can’t go the credit route, definitely bank the cash for as long as you can and pay vendors as you have to. you may even look into a short-tem CD with your bank if the rates are good.

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