Post # 1
As the wedding approaches, I’d like to pay some of my vendors (like the photog, photobooth) more than what they require (most want the balance the day of the wedding).
Part of me just wants the thought of the bill being PAID.
But, the other part of me thinks it’s stupid to pay for services not yet rendered.
I guess there’s the ‘what if’ thought – what if something happens and I can’t recoup the money I’ve paid out….
That isn’t worth the “it’s PAID” feeling I’d have otherwise.
Post # 3
If you have the money now, just set it aside. DO NOT PAY FOR SERVICES AHEAD OF TIME! I learned this lesson the hard way with a contractor. I am out $10k and still have an unfinished room. Lawsuit pending. 🙁
Post # 4
Most vendors will require a deposit and the balance to be paid a certain amount of days before the wedding (mine ranged from 3 days-1 month before) I would pay your vendors the deposit requested and then wait until your balance is due to pay the rest. At the very least I would pay all or most balances a few days before your wedding so you dont have to worry about it DURING your wedding.
Post # 5
if you have the money now and are afraid of spending it but also don’t want to pay your vendors yet, put it in a 3 month CD – it’s safe and you’ll earn a little money while it’s in there. plus you won’t be tempted to spend it. if you’re afraid of not being able to access it in case of an emergency without a penalty, why don’t you look into an ING account. i came into some money and am afraid to “$20” myself broke (meaning, oh $20 here, $20 there then poof! broke again) so i put some in a 6 month CD and some into my ING savings account. the ING is linked to my regular checking so if needed i can withdraw it or if i’m able to add to it.
Post # 6
I wouldn’t pay any closer than a few days before the wedding. There is a lot of risk in that 🙂
If anything pay a good amount- but not all of it.
Post # 7
I am paying all of it before hand. Call me stupid, but I am going to trust my vendors and pay them entirely before the wedding day. I am doing this for the florist, photographer, video and music. I do say, I am trusting that you will be there on my wedding day. and will do a good job. I hope I don’t have to write in after the wedding and say that it was a bad idea. I just don’t want to have to deal with any $ on the wedding day or trust someone in the wedding party to do it (after drinking, etc.) Do you take a vendor to court if they don’t show up?
Post # 8
Most vendors require final payment before the wedding (our’s required them 1-2 weeks before the wedding). There really isn’t much need to pay them sooner than that.