Post # 1
Has anyone registered to have their guests give monetary gifts towards a down payment on a home or towards a honeymoon?
This seems like a really appealing option to my Fiance and me. Can anyone recommend a service to do this through? I keep seeing postings about scams and I certainly don’t want my guest contributing money to a scam artist. Featherourhome.com and travelbride.com are two I came across.
Also, I’d like to have my guests contribute to a home account, but not necessarily towards a particular house or plot of land as we haven’t started looking yet and don’t even know exactly where we want to buy.
Secondly, has anyone found a honeymoon registry that doesn’t tie you in to a pre-planned trip? Also, if people end up buying your hotel and some activities and you can’t afford to pay for, say, your flight, what happens?
Post # 3
Yes, we registered at http://www.ourwishingwell.com/
They had the lowest fees and ease of use. plus you could personalize it and make it your own.
Post # 4
Offbeatbride recommended this site: http://registry.buy-our-honeymoon.com/ and I like it the best of all the ones I’ve looked at because they don’t take a percentage of your guests’ gifts. I’ve emailed the customer service people with some questions and they were fantastic, as rumored. I imagine you could put a general "down payment" item on your registry and have people contribute to it, though I haven’t seen it done specifically. That’s what I’m planning to do.
Post # 5
We used Honeyfund because they don’t even deal with the cash flow. It’s free and the cash comes right to us, it doesn’t go through their service. It’s been great and people have loved it.
Post # 6
Wow – I’m late commenting on this one!
If you want to create a registry for a down payment, there’s specific requirements. I’ve seen MyDownPaymentRegistry.com, which creates the account, and holds your gift money in escrow. They also provide all of the documentation that you need, right on the site. Even better, you can invite your real estate agent or mortgage broker to join, so that they can follow your progress and print your gift documentation at any time.
Remember, most cash-only registry sites aren’t able to provide the specific documentation that you’ll need. Your loan officer will be able to help you if you run into problems, regardless of how you decide to do it.
Post # 7
- Wedding: September 2009 - City Hall
Maybe this is a dumb question, but I have to know… why would you need specific documents in registering for a downpayment? I am thinking of doing this, but we were just going to tell the mothers/grandmas (those who spread family news) that we wanted such, and figured that guests would give us checks or cash if they wanted to contribute. Then, we could add them to our own home/savings fund.
Post # 8
Cool idea! Just know that a lot of older guests may be wary to just put money on a website with the hopes that you’l get it.
Post # 9
- Wedding: September 2009 - City Hall
@kenziegirl – that’s what I was thinking too – that’s why I was wondering about the "registry" and "escrow" and "documents" stuff… when it comes to money, why not just include it with your card to the couple? Seems easier and less sketchy even to me, and I work with the Internet every day.
Post # 10
We have registered for our honeymoon on Honeyfund. I love it, it’s easy and convenient. I have a paypal account so that people can pay directly online-there is a nominal service fee from paypal for anyone who wants to do this. No money goes thru Honeyfund at all. You can check out sample registries on their site. We are honeymooning at a private cabin in the Smoky Mountains and it was alot of fun to add all kinds of stuff to our registry. We put our lodging on there with a cute little description-a cabin overlooking Smoky Mountain State Park will be our retreat for our honeymoon. We listed it as a quantitiy of 14 wanted for $50 each-our remaining balance on our lodging is $700 and we are staying for 7 nights-so we thought that people may want to contribute as much or as little to that particular gift. There are quite a few people who are coming to several different events-showers, parties, etc. so we put a LARGE range of prices on there-from a couples massage at a spa (massage, fruit tray, bath, fireplace in their private suites) to a couple of rounds of miniature golf. We also put gift certificates on there-at $25, $50. $100 and the description says What would you suggest we do? We put on there a tasting at a microbrewry and lunch there to a winery tour and tasting-that part was free, but we’d love to pick up a bottle while we were there. I think one of my most creative ones (if I can sound totally conceited here…) is I put a $20 gift that we were exploring one of the National Park areas and put that money to fill the cooler for the day. I tried to give a range so people could buy as much or as little-especially to those who will go to several things.
I’ve also seen people put their flights on there divided into legs of the journey. There is one on there that is to Greece and they broke the trip up Atlanta to LA, LA to where ever-broke it down into smaller portions. Someone might not want to spend $500 on airfare, but they’d love to spend $100-200 or purchase part of a hotel night. ie: instead of listing their hotel as 1 night at $300, they listed it as a quantity of 6 for $50 each.
Post # 11
I like the idea, but it makes me nervous to trust another company that would take a penny of our wedding gift money. I’d rather receive money or gifts in person.
Post # 12
we registered for our honeymoon on honeyfund as well. like others, we broke our dream honeymoon down into segments ranging from $20 to $150 bucks – people can get us multiples too. they can pay through paypal or select "cash" and give us a check or whatever at the wedding. it notifies you every time someone purchases and gift and no money actually ever goes through honeyfund directly. but, since we actually already booked our honeymoon for right after the wedding, the gifts will offset the costs.
we also did a traditional registry through Target for those who dont want to do the honeymoon registry for whatever reason. to me, a gift is a gift and i dont see why any of our loved ones would have a serious problem with a honeymoon registry. our families thought it was a great idea and no complaints yet!
Post # 13
oooh, I’m not a big fan of registries, makes me feel like you’re telling your guests they need to give you something and you’re telling them what you want and want their money, a gift is from the heart, I don’t know, just leaves a bad taste in my mouth, that’s just me; I know it’s widely accepted, I’m just a traditionalist; that’s why you don’t include registry info in the invitations..hmmm, I must be the minority
Post # 14
My husband and I used [Link removed due to self promotion policy] to save for a home down payment as our wedding registry. We were able to save a few thousand dollars towards our future home. And the best part was that our family and friends loved the idea because it was interactive – they got to buy a ‘window’ or a ‘door’ etc (part of the house) instead of just giving a donation.
I should mention that I am a little biased as I’m the founder of the site, but … I will tell you that – as a customer – it does work! 🙂 Erin-Marie
PS: Also, for those that mentioned the cash/money transferring issue, HMH uses PayPal so you can rest assured that your money is being treated properly!