(Closed) When is the best time to pay off wedding balances?

posted 6 years ago in Money
Post # 2
Member
258 posts
Helper bee
  • Wedding: August 2015

Your contracts for each of the vendors should specify when the balance is due.  I’d hold the money in an account but not pay until the due date.

Post # 3
Member
3383 posts
Sugar bee

View original reply
Kimbalina81:  I created a spreadsheet for balance due and the date they are due for each vendor. Each vendor is different. For example, the remaining balance on our venue is due 1 month before, caterer is 2 weeks before, photographer is day-of, etc. I then sorted the spreadsheet by due date. That way, I can easily see who I need to pay first.

Post # 4
Member
2829 posts
Sugar bee
  • Wedding: April 2014

View original reply
Kimbalina81:  we paid them and ff a few months before the wedding 😊

Post # 5
Member
171 posts
Blushing bee

If your vendors offer an incentive for paying early then you should consider that. If they don’t then financially wnay way, it makes the most sense to keep your money in an interest gaining account as long as possible. 

Post # 6
Member
302 posts
Helper bee
  • Wedding: June 2015

+1 for all above. 

Each contract should tell you when you need to pay. 

Our decorator / photgrapher were four weeks. 

Our venue / reception is two weeks. 

Our celebrant was three months. 

Our transportation is seven days. 

There are a couple of things I’d wished I’d paid a tad earlier so it wasn’t such a big burden for the last month since I’ve spent money on things that could have waited (upgraded our fridge – $1400. upgraded our couch – $1400. bought two new laptops – $3000). 

My only advice would be to pay everything at least the day before for what you can. Having to worry about money the day of is not your job. Assign someone you trust to pay who needs to be paid on the day (sometimes transportation/tips/venue/celebrant) and only do the small things yourself (hair/makeup). 

Post # 7
Member
3791 posts
Honey bee
  • Wedding: October 2014

Each vendor was different. Our officiant was due at our rehearsal. Photographer was day of the wedding. Photobooth was day of the wedding. Cake was anytime before the wedding. Our band was the day of. Our reception venue was a week before the event, after all food orders and everything else was submitted and reviewed.

I’m sure I am forgetting some stuff, but most were due the day of the wedding.

The topic ‘When is the best time to pay off wedding balances?’ is closed to new replies.

Find Amazing Vendors