(Closed) Thoughts on paying vendors up front?

posted 7 years ago in Money
Post # 3
Member
2313 posts
Buzzing bee
  • Wedding: August 2011

As long as you get written confirmation from them that they have received payment in full, I don’t see why you shouldn’t! We have made it a point all along to pay off vendors in chunks rather than suffer sticker shock the last few weeks leading up the wedding (which is when most of the unexpected expenses will crop up anyhow). The one exception is our reception, who require payment at the end of the night due to how numbers might fluctuate. We have to give them a head count three days out, but I guess they figure if 15 extra people show up, they want to get paid for that. So we’re just saving for that expense in the meantime. 

Whatever will stress you out less- it is a good feeling when a vendor gets paid off though and you know that’s one more thing you don’t need to worry about for awhile.

Post # 4
Member
7587 posts
Bumble Beekeeper
  • Wedding: December 2010

I did some things like this. Or made payments to things to get them out of the way so I didnt’ stress about it. I was glad I did. 2 months before the wedding Darling Husband got laid off! It made it a little easier to stand.

Post # 5
Member
1501 posts
Bumble bee
  • Wedding: September 2011

I think if you are comfortable with it then why not.

Also could you just put the money in a special account for these payments and not touch it until you have to pay?

Post # 6
Member
1664 posts
Bumble bee
  • Wedding: May 2011

I wouldn’t do it.  I’ve heard a lot of horror stories.  Odds are you would be fine, but you never know.  Why not just put the money in a separate savings account or something?

Post # 7
Member
2313 posts
Buzzing bee
  • Wedding: August 2011

@EleanorRigby: 

What kind of horror stories? Like vendors getting paid and not showing up? 

Post # 8
Member
9029 posts
Buzzing Beekeeper
  • Wedding: June 2011

If they are reputable vendors and will be given you written proof of payment and a contract for services then that would be fine. Personally I  wouldnt pay them early I would put the money in a savings account and by Septemeber you might have earned a few more dollars in interest

Post # 9
Member
7587 posts
Bumble Beekeeper
  • Wedding: December 2010

@ohheavenlyday:

I could see where it could be an issue if something major came up and you had to cancel. Technically they wouldn’t have to pay you back. I know we all want to think this would never happen, but I guess you never know.

Post # 10
Member
13 posts
Newbee
  • Wedding: June 2011

@ohheavenlyday: Yes, I have heard of these types of horror stories… I guess they really didn’t care to show up since they already received their money. SO SAD!

Post # 11
Member
241 posts
Helper bee
  • Wedding: October 2011

@bells: This is exactly what we have done. We should have our vendors paid off by August.  All cash no credit cards or loans.

Post # 12
Member
241 posts
Helper bee
  • Wedding: October 2011

As PP’s mentionedI think its a good idea if you feel comfortable with the vendors that you have. I do understand needing that peace of mind.

Post # 13
Member
1664 posts
Bumble bee
  • Wedding: May 2011

@OP

Stories about the vendor going bankrupt, confusing the date or otherwise not showing up, not being responsive to e-mails and phone calls.  I’ve also seen where brides want to change the vendor for one reason or another, but have paid the full price.  Odds are that you would be totally fine, I’m just a worrier (and a lawyer) so I personally wouldn’t pay beforehand 🙂

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