Post # 1
I was recently reading an old post by Mrs Caterpillar…and it got me thinking this would be a great board discussion.
Experts say the majority of gifts you’ll receive at the wedding will be in the form of a check or greenbacks…What are doing/did you do with all the cash you’re going to get on the big day?
As for Mr. LatteLove and I…we’ll take a little cash with for honeymoon spending money (though we’re budgeting on not getting anything) The rest is going to furniture! Between the two we of us we have a total of….oh yeah, NO furniture! My tax refund is buying our bed, but the wedding cash will hopefully pay for a couch, and maybe kitchen table and chairs? We’re planning to start with craig’s list material and upgrade slowly.
The best man will collect the checks that didn’t go in the card box, and because we have 3 days between wedding and honeymoon, we’ll have plenty of time to log and deposit the checks before we head off to Italy.
Post # 3
We’re planning to stash it and save it. We NEED new furniture, but have decided to wait until we buy a house. We also aren’t going on a honeymoon. So, maybe by next year, we will have gained interest and will be able to go somewhere!
Post # 4
We will be saving whatever that came in by way of gift. Because we had paid for the wedding ourselves and purchased a house during the process, we have little or no savings left. What with the economy right now, I think it’s prudent to have a bit of savings (=6 months worth of mortgage) in the bank at all times. We have all the furnitures/pots/pans we need for the house.
We do need to fix up the kitchen because it is old (need cabinets only, we recently upgraded to all stainless steel appliances), we thought that some time down the road would be more ideal.
Post # 5
The checks, if any, will be deposited in the bank. Any cash we recieve is for the honeymoon. Yeah Italy! The more generous people are the fewer prociutto sandwiches we’ll have to eat.
Post # 6
Whatever we recieve will go towards a down payment, unless we are lucky enough to buy pre-wedding and then probably furniture. All practical things.
Post # 7
We’ll probably spend some of it on the honeymoon, but my goal is to replace our god-awful bed by the end of the year, and I’d like to replenish our savings so we have about as much as we did before we bought my engagement ring. I’m not expecting wedding gifts to cover either of those expenses, but every bit helps!
Post # 8
Put it in a home-improvement fund. We are saving for a bigger down payment (and waiting for the market to bottom). We decided we wanted to use our own money to pay for the down payment, and we’d use any gifts for improvements we might want.
Post # 9
We’ll probably spend a little on our honeymoon, and then save the rest. We are paying for bits and pieces of the wedding ourselves, and although we already have the money saved up, it will be nice to replenish those savings after the wedding!
Post # 10
I’m sure we’ll deposit them and use it to save towards a house.
Post # 11
We’ll probably split it up and put portions of it towards different things — savings (for a home), paying off some leftover student loans, and maybe take a little bit on our honeymoon.
Post # 12
It is all going right into the house savings fund! We are really hoping to buy within the next two years (that’s when we’ve heard the housing market might turn around).
Post # 13
Goodness, money gifts always overwhelm me. When I graduated from college I was flabbergasted.
I’m sure we’ll use some to pay off student loans and take a little on our honeymoon. I’ve never had a massage and would *love* to splurge on a nice honeymoon massage. We’ve also been talking about getting a dog for a long time so we could put some of the money toward that. In reality, most will go toward loans or savings.
Post # 14
We’re going to use a small amount for honeymoon "fun" money and then use the rest to pay towards any lingering debts……. student loans, credit cards or car loans- whichever seems the most important!
Post # 15
I think we’ll definitely put any cash/check gifts directly into savings….well, and maybe use a little of it on the honeymoon!
Post # 16
House fund! If we are able to buy beforehand (unlikely) it will go towards furniture and general savings.