Post # 1
This is probably a little odd, but we were looking at our finances recently and the question came up for what to do with any wedding money we get. We don’t have a registry, so (at the risk of sounding crass) I’m hopeful that our wedding guests gift us monetary gifts instead of tangible things. We’re doing a honeymoon 6-8 months after the wedding just because of schedules and timing. We also already own a house and have pretty much everything we need, so we wouldn’t need to go out and buy any typical home-making things.
I’m curious what you all did with your wedding money. Did you use it towards your honeymoon? Did you save it? Did you just deposit it all into your checking account for everyday purchases and are now chuckling to yourself about my obsessive planning question??
Post # 2
Put most of it in savings and then we got a dog and used some of it towards all of the things you need for a dog.
Post # 3
We spent all of ours on our honeymoon like the young fools we were. Since you own a home, it might be nice to save it for a special “fun” project around your house. The type of improvement that goes to the bottom of the list because its for enjoyment, not necessity. Like a hot tub or fire pit, etc. If you plan on having children, it might be nice to start a college fund now too.
Post # 4
I’m going to probably get flak for this but IDGAFF since we had the most amazing honeymoon: we booked our honeymoon on the credit card and then used some of the wedding money to pay it off after. It was 1000000% worth it because what we could afford before the wedding wouldn’t have been nearly as nice as what we were able to afford with the money we got from the wedding.
The majority of our wedding money went towards paying down debt, back to my parents who paid for the whole thing basically, or into savings. (We got upwards of 25k at our wedding, 180 guests btw so you can see why it’s so spread out).
ps. out of our 180 guests we had no registry and ONE person (my Mother-In-Law of course) gave us an actual gift, everyone else gave cash.
Post # 5
we put in in our account, like a rainy day fund. then we used it to help pay for IVF.
Post # 6
We had it in a savings account, and each got to choose one “special” bigger item to buy with it but that we would both enjoy. We also bought some smaller household things that we still needed. The rest we used for trips and dates in our first year of marriage.
Post # 7
Ours will be going straight into our baby savings. 🙂
Post # 8
we took the actual cash and spent it on our honeymoon (several international friends gave us cash because they didn’t want to worry about us cashing checks from another country), and the rest went into savings while we decided how to use it. We got married towards the end of the year and so a few months later we did our taxes and realized we both forgot to switch our withholding and ended up with a stupid huge refund by mistake (I hate getting refunds so I was kicking myself a lot lol). We took the refund plus some of the wedding money from savings and just killed my husband’s final student loan.
Post # 9
We bought one nice gift to enjoy in the short term which was a fancy barbecue, we kept a portion aside to buy a piece of art so we have a gift to keep and then most of it we put towards our honeymoon.
Post # 10
We divided it up…
1/4 each of our credit cards (we used them a lot for wedding stuff)
1/4: House account for our mortgage and bills
1/4: Fun money for our honeymoon
Post # 11
We ended up opening a joint account with ours.
Post # 12
It went into long term savings and a down payment for our first home.
Post # 13
We had a registry and we got mostly registry gifts, and we also had a pretty small wedding so the total amount of gifts wasn’t huge. I don’t remember exactly, but I think we got a little over 2k in wedding money, and a lot of that came from one $1000 check from a family member, and then a handful of $100-$300 checks. So it wasn’t a ton for us (at least compared to the 25k PP reports!).
I actually can’t remember if we put it in savings or checking, but we viewed it as going toward our honeymoon expenses. (We had already paid for it in cash, but it offset our overall costs and helped with the incidentals like meals and souvenirs.)
Post # 14
We are taking a little bit of it to splurge on our honeymoon. Nothing big, but just a couple of really nice meals out and one excursion I really wanted to do. It’s not anything that we couldn’t afford normally, but just nice to not have to pay it out of my account.
Some of it went to some house projects that were nice to haves, and the rest is a rainy day/baby fund.
Post # 15
Saved some and some we used on our honeymoon. Well, at least that’s what I remembered in 1994.