(Closed) Saving for a wedding while single

posted 4 years ago in Money
  • poll: How did you pay for your wedding?

    Loans/credit cards

    Cash

    Cash + help from family

    Help from family only

  • Post # 2
    Member
    3726 posts
    Sugar bee
    • Wedding: March 2017

    That seems a bit bizarre. How about just have a general savings account? 

    Post # 3
    Member
    3148 posts
    Sugar bee

    Sure, why not? If you choose to not get married, or future Fiance insists on paying himself, or any other million possibilities, you can use the money for something else. 

    Saving money is never a bad thing, no matter what label you decide to put on it in this moment. Labels can be changed!

    Post # 4
    Member
    9436 posts
    Buzzing Beekeeper
    • Wedding: August 2016

    If a big wedding is something you want someday I don’t see why it’s weird to start saving up. It’s always good to save. If you decide you don’t want a wedding or want to use the money for something else down the road it’s not like you are tied to using it for a wedding.

    Post # 5
    Member
    1510 posts
    Bumble bee
    • Wedding: June 2018

    Why put a label on it? You can start a savings account now for future fun, and use it however you want to when the time comes!

    Post # 6
    Member
    3848 posts
    Honey bee
    • Wedding: June 2014

    View original reply
    bree90 :  While I encourage the saving idea, I think mentally labelling the funds as wedding money is questionable.  Wouldn’t that color any future relationship?  And what if you wanted to use the funds for yourself, say for further education, or travel, or something to enrich yourself?    I think a general savings account is the way to go.  You can always use the funds for a wedding if you and your future Fiance choose to!

    Post # 7
    Member
    912 posts
    Busy bee
    • Wedding: June 2017

    View original reply
    bree90 :  i cant answer the poll because we used a bit of everything above to pay for it. 

    Regarding the savings account.. i would just have a general savings account. If you already have one then up the contribution to it by however much you would wanna put into the wedding account. 

    Post # 8
    Member
    321 posts
    Helper bee

    Not at all! I use Qapital to save for my future wedding. I started a year ago and it saves $15/day that I don’t ever miss. We aren’t yet engaged but I know it’ll nice having it when we need It!

    Post # 9
    Member
    4509 posts
    Honey bee
    • Wedding: September 2017

    Saving money is a good idea but I don’t know if its necessary to have a specific maybe, someday wedding fund.  Invest your money and plan for retirement.  Just make sure you put some of your money into something liquid where you can retrieve the money at anytime without penalty so if you do want to put it towards a wedding you can.

    ETA: Savings accounts don’t accrue much interest.

    Check out the book The Total Money Makeover by Dave Ramsey.  It’s an easy read with smart and basic info on budgeting, saving and investing money.

    Post # 11
    Member
    1506 posts
    Bumble bee

    The problem i see with that is that even if you have the cash for a wedding of a certain cost, it might not be a good idea to use those savings at that cost given the rest of ones financial position. Kids are freaking expensive, for example,and I know people who really wish they could have some of the money they spent on their wedding back. 

    But you know yourself and whether you’ll still look at it holistically. 

    We were prepared to pay for our wedding by ourselves in cash, but family has offered to pay for parts of it. We didn’t adjust our budget with their influx, we are just paying a smaller amount. 

    Post # 12
    Member
    64 posts
    Worker bee
    • Wedding: May 2015

    View original reply
    bree90 :  that’s weird, and to answer your poll, my dad paid for my wedding. 

    Post # 13
    Member
    673 posts
    Busy bee

     I find it strange. I’d wait until I was in a semi serious realtionship at the very least

    Post # 14
    Member
    8674 posts
    Bumble Beekeeper
    • Wedding: July 2016

     

    View original reply
    bree90 :  sure, you do you.

    Post # 15
    Member
    951 posts
    Busy bee

    It’s a bit unconventional but by no means do I think it’s a bad idea. Saving is also a good idea. And you can always use themoney for something else if you really need it anyways, so it’s not like it matters that much. Good luck!

    The topic ‘Saving for a wedding while single’ is closed to new replies.

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