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How to Save Money for Your Wedding

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How are you budgeting and saving money to put towards your wedding day? Learn the simple and savvy steps to making a wedding savings plan!

Here at The Budget Savvy Bride, we’re all about finding efficient and effective ways to save you money on your big day, but another thing we love is teaching our couples how to save money for their wedding day! So many couples are strapped between their monthly bills, student loan payments and more, that it can be difficult to figure out how they can save the money they need to pay for their wedding.

If there’s one thing I’m SUPER passionate about when it comes to running this website, it’s helping couples find a way to plan a wedding they are happy with on a budget they can actually afford. I’m a BIG proponent of having a #debtfreewedding — and one of the best ways to plan a wedding without taking on debt is to be intentional about saving.

Let’s talk money.

I mean, that’s why you’re here isn’t it? To find out how to save money, spend it wisely, and stretch your dollars when possible. These days, the parents of the bride don’t always pay the tab for the wedding day – lots of you gals are probably covering some of the cost of your weddings with the help of your fiancé.

Wedding Budget Questions

How much can you afford to spend? First thing’s first– you’ll need to set your wedding budget. How much should you save each month? What’s the best way to pay for our wedding expenses? Is there a special account we should use to house our wedding funds?

We share lots of ideas and tips to help you save money on your wedding, but the focus of this post is to help you save money for your wedding. I wanted to share some tips and advice on how to make a plan to save money for your wedding with the help of a special savings account.

Related: How I Saved Over Half off On My Wedding

💰 The Easiest Way to Save Money for Your Wedding

The easiest and most affordable way to save money for your wedding, honeymoon, or any other financial goal you have in mind is by using an automatic savings account like the ones available from Capital One 360.

When I was planning my own budget wedding back in 2008-2009, I knew my partner and I had to be disciplined with saving money every month. Thank goodness I was already familiar with Capital One 360 (formerly INGDirect) – I had opened my account soon after I graduated from college as a way to make sure I was saving on a regular basis.

Save Money For Your Wedding

with Capital One 360’s Automatic Savings Plans

One of my favorite things about Capital One 360 is the automatic savings plan. It basically automates your savings for you so you don’t even have to think about it. You can customize your automatic savings plan for a chosen amount and at whatever interval you choose. I decided to set mine so that twice a month (after my paycheck had been direct-deposited) an auto-draft would pull a set amount from my personal checking into my Savings account. Then once my husband and I got engaged, we linked his checking account as well so we were both contributing to a joint savings account for the wedding.

These plans made the act of saving practically effortless. Since we never have to think about the act of moving the money ourselves, we really never miss it… it’s like it was never really in our personal accounts! Thanks to the automatic savings plans that Capital One 360 offers, saving money for your wedding (or anything else for that matter) has never been easier!


Another great thing about Capital One 360  is they have a higher-than-typical interest rate of .75% APY, so you’ll make more in interest than with a traditional bank’s savings account. Another of my favorite features is their MySavingsGoals! You can set up a savings goal for yourself very easily, and it visually helps you track how close you are to reaching your goal!

my savings goals

Here’s how it works, view a sample goal below:

  • Set a total dollar amount you want to save up or reach for. In this case, I set $10,000.
  • Choose the date you want to reach the goal by I set a one-year goal, Jan 1 – Dec 31
  • Then Capital One 360 calculates the savings payments you will need to make on a weekly, bi-weekly, or monthly basis. Based on the $10,000 in a savings account starting with $500, we would have to save $791.67 per month to reach our goal in a year.
  • Then you can move directly from there to set up your automatic savings plan to auto-draft your savings payment into your account. EASY AS THAT!
How to save money for your wedding - Create a savings plan with Capital One 360!

If you and your fiancé are having to pay for some or all of your wedding expenses yourself (or any other big life event or purchase) I highly recommend signing up for a Capital One 360 Savings Account! It makes saving simple and painless.

Visit Capital One 360 to open an account today and start saving up!!

$25 New Account Bonus!!

Open a new Capital One 360 Account with a starting balance of at least $250 and you’ll get a $25 BONUS deposited into your new account. Can you say FREE MONEY?

Why I love Capital One 360:

I never, ever recommend products, services, or companies that I haven’t personally reviewed. I’ve been a customer/account holder of Capital One 360 / ING direct since 2007, and have used my Savings Account for a number of different needs including saving for my wedding, saving for a downpayment on a house, saving for vacations, saving for the big move to NYC, etc. I personally use and recommend this bank because I’ve had an excellent experience with them and it’s made saving for various things in my life so easy.

I’ve got 7 different Capital One 360 Savings Accounts so I can keep my savings for different things organized. I have one for vacations, general travel, an emergency fund, savings for our townhouse, savings for gifts, savings for the car, and savings for medical. I’ve set up various automatic savings plans to deposit different amounts into each of these accounts once per month. It really makes budgeting a breeze! I seriously couldn’t recommend it more.


💰 Advice for Saving Money to Pay for Your Wedding

Check out these awesome savings tips to help you to reach all your wedding savings goals:

Pay Yourself First.

Financial experts like Dave Ramsey emphasize the importance of paying yourself first. Having an emergency fund in place is so important for when unexpected expenses pop up in life, so they don’t derail your financial health completely.

Use your Capital One Account and sub-savings accounts to set, save, and track all of your monetary goals, so you stop overspending and pay yourself first. Research shows that setting your accounts up in this way helps develop the habit of saving 10% or more of your income towards goals you care about.

Make Saving Money Fun.

Creating your sub-savings accounts can look however you like! Name your sub-savings accounts after different goals or wishes.

You can have as many goals/accounts as you like, so you can customize your savings plan to put your money towards goals you care about. Set goals for things as general as your wedding fund to as specific as that pair of Louboutins you’ve been dreaming about forever.

Automate Your Savings.

With Capital One 360, you can easily set and automate your savings so you don’t even have to think about it. When that money is out of your checking account, it’s much more difficult for you to spend it! The automatic drafts help ensure that you’re putting your saving goals FIRST, allowing you to save up for the things you really want, like that dream wedding dress or an amazeballs honeymoon in Bali. You can edit and update your savings goals at any time. It works with you and for you to help you reach your savings goals so you can live the life you want!

Make the Most of Your Savings.

Capital One 360 is fabulous because there are no fees involved. Not to mention, Rize accounts earn 1.16% interest, so your savings is put to work for you at 19X the national average bank interest rate. Plus, transfers back to your bank are totally free when you’re ready to pull out your funds and pay for your goals.

Disclosure: I have not been paid to write or share this post; these are my own opinions that I am voluntarily sharing. The links contained in this post are affiliate links, meaning if you decide to try out Capital One 360 for yourself, I will receive a bonus for your referral. It’s a nice bonus for me, but I would recommend this bank and their Savings Account to you regardless of if I got this bonus or not, because it has helped me THAT much and I think it will help you, too!

Happy Saving!! xo

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Jessica Bishop Headshot

is the founder of TheBudgetSavvyBride.com, and author of the best-selling book,The Budget-Savvy Wedding Planner & Organizer. Jessica's expert wedding advice and money-saving tips have been featured by Good Morning America, COSMOPOLITAN, Glamour, and more.