(Closed) The Wedding Fund account…..??

posted 6 years ago in Money
Post # 3
Member
13015 posts
Honey Beekeeper
  • Wedding: November 1999

My parents gave me a number they were willing to contribute, and so did his.  As we paid deposits, my mother gave me checks to pay them and kept track of how much she spent until it reached the magic number. 

Post # 4
Member
4193 posts
Honey bee
  • Wedding: July 2012 - Baltimore Museum of Industry

Instead of an account with you and your son’s name on it, I’d recommend the engaged couple create an account- the bride to be should also have access to those funds.

We’re planning on having three accounts when we’re married anyway- his, hers, and ours, so we’re going to start an account with our family’s contributions. Because we’re having a shorter engagement (6 mos), our parents are giving checks up front, versus getting reimbursed-I think there will be less stress that way.

Post # 5
Member
14495 posts
Honey Beekeeper
  • Wedding: June 2011

My dad helped us out by lending us some of our wedding money.  He just wrote checks for the few bills we had left.  I think that opening account would be a great way to handle it and it is really sweet of you to give them that gift.

Post # 7
Member
390 posts
Helper bee
  • Wedding: September 2012

I would also recommend that the bride and groom set up a separate account with their names together.  This is what we did/are doing.  My parents and Fiance parents have both contributed (bless them both) and we’ve deposited those checks directly into that separate checking account.  I think it’s good to have it separate because they you don’t accidently spend it on something else.  In our situation my Fiance is completely comfortable with me handling the checking account because I’m a CPA and a super strict budgeter.  The only funds that haven’t gone into this account is the money we’ve set aside for the honeymoon since Fiance is planning it and isn’t telling me where we are going. 

Post # 8
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

My mom told me they would pay for the reception, so when the final count was in and payment was due, I just told them how much it was and they got a bank check for that amount.

Post # 9
Member
390 posts
Helper bee
  • Wedding: September 2012

I’d also like to offer a suggestion that there are wedding budget calculators out there that help you figure out based on what you want to include and your total wedding budget, how much to spend in each area.  Just google “wedding budget calculator” and you will see what I mean.

Post # 9
Member
9483 posts
Buzzing Beekeeper
  • Wedding: October 2012

@CoffeeandCream:  Perhaps agree to put money towards something specific.

Post # 10
Member
1562 posts
Bumble bee
  • Wedding: November 1999

Honestly, if they can’t handle the money then they have no business getting married.  I don’t see a need for you to be on an account with them.  Just give them a check for the amount you would like to contribute.

Post # 11
Member
2702 posts
Sugar bee
  • Wedding: November 2011

My mom paid for the food so that was one check that she gave me when I went in a few days before the wedding to pay for it.

DH’s dad just wrote a us a check every month for $300. He did this for about a year.

 

Post # 12
Member
964 posts
Busy bee
  • Wedding: November 2011

My mom is in a different state and opened an account at a bank that has branches in my area.  I just had to go in and sign on the account and I just pull money from it as needed.

Post # 13
Member
10288 posts
Sugar Beekeeper
  • Wedding: October 2011

My mother gave us a lump sum for what she was going to contribute about a month before our wedding. It was up to us to pay for everything up until that point but her contribution covered all of our final vendor payments as well as paid us back for a great deal of what we already shelled out. At first it royally sucked having to come up with all of the money beforehand but I think it actually worked out better for us this way. We were able to make our payments over the course of our 16 month engagement and ended up with a nice chunk of change right before the wedding. Those funds greatly helped with all of the last minute things that popped up and allowed us to have an extra awesome time on our honeymoon. As for my IL’s, they handled the payments for the things that they agreed to cover which were our flowers and Rehearsal Dinner. 

Post # 14
Member
1352 posts
Bumble bee
  • Wedding: April 2012

@CoffeeandCream:  Our parents wrote us checks… having you on the account is a little weird and controlling… no offense.

Post # 15
Member
254 posts
Helper bee
  • Wedding: July 2012

@Lt.Columbo:  I agree.

My fiance and I set up an account on our own, and our parents write checks to us that we deposit. There is no need for my mom’s name to be on the account, I’m not sure what purpose that would serve.

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