Savvy Savers | The Budget Savvy Bride
The Budget Savvy Bride

About 4 years ago, my parents fell on some hard times (really, who didn’t??). My mom was unable to work due to her Guillain Barre and my dad was pretty much forced into retirement after he lost his job at 64 (not many companies out there want to hire a 64 year old, even though my dad is the hardest worker I know and a damn good salesman). Regardless, around this time Nick and I had been together for 4.5 years and my mom and I were talking about what the future held for us. I knew right from the start that Nick was “the one.” As my mom and I talked about Nick and me getting married and since my sister had just gotten married the year before, we talked about what I wanted / didn’t want as part of my own wedding. It was at this time that my mom told me that it was unlikely they would be able to help me pay for the wedding. I felt a little disheartened, maybe like I got the short end of the stick, but now 4 years later, I’m seeing all the positives in paying for the wedding ourselves:

  1. We don’t have to invite our parent’s friends that we barely know. We have complete control over the guest list. Though it’s quite small, no one is on the list because we’re being forced to invite them.
  2. We don’t have to do anything we don’t want to do – because we’re footing the bill. If someone wants some garish thing we didn’t budget for, they can pay for it!
  3. My parents and Nick’s have been so supportive of us and our decision to make certain cuts. They understand it’s our wedding. We’re quite sure it would have been this way regardless, but it’s nice to know that anything suggested that we aren’t all for, we can say no!
  4. We’re really thinking about what’s important to us and not doing things because they’re traditional or necessary.
  5. This will be the first of many things we’ll be saving for together, so it’s good practice for us! We’ve had hard wedding discussions and ones where we see eye-to-eye and every one of them have helped us grow as a couple.

 

Image via: Royston Cartoons.com

So, while paying for the wedding isn’t easy, we know it will help us in the end. Nick and I are both savers – always have been, always will be. This is something our parents taught us the importance of and we’re happy to be going into wedding planning with this on our side. A few days after we got engaged one of the first things we did was set up a joint ING Savings account. We’re a little less than six months out from the wedding day and we’ve already saved over 60% (side note: we both put in large deposits to get started, my tax return and his Discover Cash Back Rewards from the past year). We’re trying to use our Discover cards for everything wedding related, not only because it helps us to keep track of what we’ve paid for, but also because we get money for spending money. Whether it’s 1% or 5%, every little bit helps! By saving through ING we also get a higher interest rate than a traditional bank offers. If I could give any advice to couples getting married and footing the bill – It would be to start saving now!!

 

Image via: Rinf News

If saving isn’t in your DNA, check out these fun ways I’ve come across to save money for your wedding (or really anything!).

How Lady Gaga can help you save up money for your wedding

Image via: Popeater

Impose a tax on yourself

Image via: Forbes

Make it into a game

Image via: Tech(dot)MN


Save those Lincolns!

Image via: Wikipedia

 

Any tips for our readers on additional ways to save for the wedding?

I'm Erin, a 29 year old teacher living in Baltimore, MD. I am marrying Nick who is obviously the love of my life, after 8 years together, Nick proposed on December 29, 2011 and we're getting married on October 27, 2012 in Ocean City, MD.

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  1. What a great idea for the joint ING account. I am not engaged (yet…many talks have happened) and have been saving for a few months now because we will both be footing the bill as well. Did you decide how much each person will contribute? Are you doing half and half? My bf’s budget is much tighter than mine is so he is unable to contribute as much as I am, but every bit helps I say.

    • I also did a joint checking account with my hubby while we were engaged. We each decided on an amount that we were able to contribute, (I don’t think it was the same, especially after I lost my job) but it definitely helped to keep us on track and also to know how much money we’d get saved up to spend, so it helped determine our budget!

    • So far, we have both contributed about the same amount. We never really set in stone how much each of us planned to contribute in total or if it would be split in half, just that we wanted to save as much as we could before the wedding. We set a goal of $500 per month when we could because that would give us $10,000 from engagement to marriage (10 months). However, I have slowed up on my deposits because I had some expenses related to my best friend’s wedding and some other house stuff come up. I’ve also pretty much stopped contributing to my regular savings account and been putting it in the wedding fund instead. We also paid $1500 in deposits out of pocket, rather than our wedding account. It’s kind of like a headstart for us! I think it’s great to be talking about these things before getting engaged (we had a similar talk after my mom told me they wouldn’t be able to help). It makes things a lot easier in the end!