Post # 1
At this point, I’ve paid all of the security deposits for the wedding and am wondering- when is the best time to pay off those wedding balances (for photographer, musicians, etc.)? Our wedding is in the middle of October.
Post # 2
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
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
we paid them and ff a few months before the wedding 😊
Post # 5
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
+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
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.