Our recommendation….open a separate checking account just for the wedding. If you are saving a little at a time, a good trick is to set up a direct deposit with your work so that a part of each paycheck goes into the account.
If friends or family are contributing we recommend that you sit down with the early in the process and ask them to deposit the money they are contributing into your wedding checking account. This will eliminate the hassle of them having to come with you to write checks, or worse, not budgeting for it themselves and then struggling to fulfill their promise later down the line. Plus money conversations are uncomfortable so get them out of the way early.
We absolutely do not recommend using a credit card as a way of financing your wedding. Using the card because you get cash back or rewards, or because you want the protection a credit card offers is great, just pay it off immediately from your wedding checking account.
Our final thought…never, ever, ever, borrow to pay for a wedding. If you cannot pay for it, you need to cut back or lengthen the time you have to save. Money is one of the biggest stressors on a marriage and you don’t want to start out in debt from the wedding.
If you have a plan in place as to how you are going to pay for the wedding, and you stick to that plan, your day will be much happier.