my boyfriend and I will be getting married in 2009 but how can we save money until the big day arrives?

Question

im talking bout saving money together for the wedding, honeymooon, and the condo we will be getting together, please give me some good advice. thank you

Answer 1

1. pack your lunch

2. cook dinner every night

3. if you smoke and drink, quit

4. don't make any big purchases in the next year (i.e. car)

5. budget yourself, and cut corners by lowering your cell phone package, your cable package, etc.

6. Do not carry an ATM card, just one credit card for emergencies. Carry only the amount of cash that you need so you won't be tempted to spend $$

7. Cut coupons...or get a food store bonus card. (The last time I went to the food store, I got only things that were "on sale" with the bonus card, My bill was $138 before the discounts and $105 after. Come on..that's good!!)



The number one thing you should do is take 20% of every single pay check and put it in a separate account. Do not carry an ATM card associated with that account. Vow not to touch except for wedding things!!!



If you make $15/hour (hopefully you make more if you are planning on getting married...but I'm going with worse case scenario here), you make $31,200. If you take home 70% of that, it's $21,840. 20% of that is $4,368 a year. That's $368 a month. If you get married in 18 months, you can potentially save $6624 just on your own. (that's if you make roughly $30K a year).



It's very possible. But you need to be strict with your spending. Good Luck!

Answer 2

Set a budget for your wedding first of all. Do as much as you can yourselves, enlisting help of family and friends with special talents. Otherwise, just sit down and make a budget for your bills and divide up what's rest for the wedding, honeymoon, and house. Even if you have to get a second job for a while it will still help- as long as you put the extra money away. Live off only what you need for a while. Yea it sucks but if you really want those things later on then it will be worth it. Limit how often you go out, and if you need to, suggest to friends to take turns hosting a dinner night each week, and rent movies, play games or cards, or find cool stuff around town to do that's cheap or free. That way you still can have fun, but the money you would spend for dinner every week and going out can be put away instead.

Answer 3

Open a savings account with your boyfriend for the wedding that both of you can put in a certain amount every paycheck.



Cut out the expenses in your life that you don't need. Keep track of your receipts monthly to determine how much you could be saving. You don't have to be a total penny pincher, but my fiance and I are doing this and it has helped us a lot - in the next year we plan to get married, go on our honeymoon, buy a new car (depending on how much longer mine lasts) and possibly move from our condo to a house.



Good luck saving!

Answer 4

Since you have so much time before your wedding, you and your fiance should definitely open up a joint interest bearing account to save money. Even if you each only contribute $200/mo that gives you a combined total of $400/mo and $4800 extra dollars at years end....not to mention any interest accrued that you could put towards the weding. Also, because you have more time you should try to do as much as you can on your own. This may include designing and creating your own wedding invitations, wedding favors, save-the-dates, etc. Also take your time to shop around for the best deals. You are in a great position to save money because you have given yourself plenty of time to plan.

Answer 5

Start by looking at where you can cut costs in your everyday life. Stop ordering dinner and/or lunch out, stop getting coffee in the morning, stop renting movies or paying for that gym membership you never use. Figure out the average amount of money you end up wasting on this stuff a week. Say, it's $50. Take the $50 a week and place it in a separate savings/checking account, just for your wedding.



Once you do that, figure out what you can comfortably afford to put away each week from your paychecks. Put that in the same account.



Also, if you get bonuses at work or tax returns, deposit those into this account. If people give you money for your birthday (like your parents or grandparents), put that money in there.



Try selling stuff on E-bay or having a garage sale.

Answer 6

What me and my boyfriend did is open up a joint account in a different bank (you can do it if youre not married). And, every paycheck we get from our jobs, we EACH deposit about $50 into that account. Every week. So about $100 dollars goes into that account each week. But you have to do it constantly or else you'll stop. DO NOT EVER SPEND IT!!! By 2009, use all that money for your relationship, the wedding, honeymoon. By that year you should have alot of money in there.

Answer 7

I am getting married in 2009 as well and am paying for everything myself. I have 2 vehicles, I recently sold one. Make sure that you have all of your debts paid off so that you can really concentrate on saving. Once you have no debts, with the exception of your mortgage/rent, car payment, and utilities, you can really start saving. I am saving 30% of every paycheck. It's going straight to my savings account. AND, I'm going to pay for things gradually. For example, I purchased the invitations already. There are small things that you can go ahead and buy. If you see a neat favor that you would like for your guests, go ahead and buy it. This way, you aren't buying everything all at once so it doesn't seem as overwhelming.



For me, I cut out Starbucks every day. I have a gift card from Christmas and I'm going to use it sparingly! : )



Carpool to work to save gas money, or take the bus; I'm getting my hair colored every 3 months instead of every 2; don't go out to eat as much; take your lunch with you to work; instead of going out to bars, invite people to your place and have them each bring an alcohol that they like, etc. You can really save alot if you work at it! Everytime you are about to buy something, question whether or not you really need it!



Also, my fiance and I went ahead and combined bank accounts. I spend way less when I know that he is going to see that I blew $20 on lunch today or whatever. If you have someone else that sees your spending, it helps!!



Congrats!!

Answer 8

make an outlined plan. Sit down with your finacee and think about your salaries and think where you can save. Give up little things to save for your wedding.

remember your wedding is 1 day. You have a whole life in front of you. Decide how many people you want to invite and whether you want to pay extra for them.

good luck and congrats.

Answer 9

1) Stop spending it now. 2) Stop wanting a big expensive wedding. 3) If you are working bank your entire paycheck. If not every week, every other week. Just do it as if you have to pay a mortage or lose the house! No excuses. Just deposit it. Live on one salary. It can be done.

Answer 10

try getting a separate savings in both your names and putting like 100 or more from each check into it. This way you don't have to keep whats for the wedding and whats for everyday life separate in your head

Answer 11

open a new checking account in your bank, and each time a paycheck comes, put a portion of it into your account. Decide what your budget is, then do some math to figure out how much you have to put in the account each time.



Good Luck!

Answer 12

Dont spend money on pointless things?



That includes an over-sized wedding with 200 aunts and uncles you never see, and you'll never see again.

Answer 13

try looking into www.ingdirect.com. that is a very good website and it helped me to save for my car. it enables you to save money without touching it.

Answer 14

start putting money down on it a little at a time that is what I am doing.