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Jennifer
Expert March 2017

Wedding bank account

Jennifer, on August 14, 2016 at 2:26 PM Posted in Etiquette and Advice 0 31

We're getting 10k from each of our parents to cover the cost of the wedding. We're pretty early on in our planning and have only booked the venue and bought my dress so far. Both times, I paid myself out of my own money and have had to deal with getting the money back from my parents, which still hasn't happened. I suggested that we open a checking account to put all of the money going towards wedding expenses in, that way we can use that debit card to pay directly rather than getting things all mixed up. I mentioned it to my dad and he didn't seem too happy about the thought, and neither did FH's parents. We're not saying to put all the money in at once but I think this would be the easiest way to help us budget and keep track of the money. Plus, by me paying for things upfront is will put a strain on my accounts. FH and I will also be contributing to the wedding bank account. Is this unreasonable or rude? How did everyone else manage their money during the planning process?

31 Comments

Latest activity by Grace, on August 15, 2016 at 11:48 PM
  • MNA
    Master April 2018
    MNA ·
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    I think that until you have the cash in hand from them, not to plan a wedding that you and your FH cannot afford to pay for by yourselves.

    I don't know how many times we have seen brides on here spending money their families were supposed to contribute to, and now they are in a financial bind because the money never materialized.

    I say open the account, and start saving to pay for your wedding yourself. That way if they pay, great. If not, oh well.

    Just remember, whoever pays gets to make the decisions, not you.

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  • Going to the chapel
    Master July 2017
    Going to the chapel ·
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    Jennifer, keep paying for things yourself and plan on doing so. Plan as if the funds will NOT come from either set of parents. Previous posters have discussed the same type of promise of funds, but no money shows up. If that means you can't have the wedding you dream of, so be it. Plan what you and FH can afford. By the way, it's rather presumptuous of you to expect your parents to reimburse you for the deposit on the venue and your dress. Are you planning on not contributing ANY money to YOUR wedding?

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  • carriemichelle
    VIP June 2016
    carriemichelle ·
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    Are you prepared to pay for the wedding yourselves should your parents back out for whatever reason? Does this money come with strings attached?

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  • MissWtoMrsH
    VIP July 2017
    MissWtoMrsH ·
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    Never everrrrrr plan on money that you don't have. Parents or not. I'm only spending what we (me and FH) can afford. If any of our parents give us money then it will be like a reimbursement but Im not counting on it.

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  • Katrina
    VIP July 2017
    Katrina ·
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    FH and I have a wedding account. We take a percentage of our paychecks and deposit the money into it. It builds up and then when it's time to purchase or make deposits we transfer the funds into one of our checking accounts. It works great. You shouldn't be dependant on reimbursement from your parents. As PP have said there are a ton of posts about this and they usually say the same thing. Mom and Dad promised and didn't deliver.

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  • Samantha
    Super August 2017
    Samantha ·
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    I recently asked my mom the same question, her and my dad are divorced and both remarried. Both said they would contribute at least 1000$ each, my wedding budget is only 4000$. I haven't seen any money from either of them. And my mom is ignoring me . They say they will help contribute but I am a little over a year out from the wedding date and am preparing to just pay myself. My fiance's parents are paying for the alcohol. They believe in the tradition the brides family pays for a good majority of the wedding , and with that my parents think that they shouldn't have too. I'm prepared to pay for the wedding without there help, luckily it doesn't change the plan for the dream wedding

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  • Mrs. TacoCat
    VIP September 2016
    Mrs. TacoCat ·
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    As everyone has already said... Do not spend money that you do not have. I have read post after post of money that never came through. Also, do not sign contracts for things you will not be able to pay for yourself.

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  • Patty
    Expert November 2016
    Patty ·
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    Is 10k an amount that you asked for or what they offered to give?

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  • Chip
    Master March 2018
    Chip ·
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    Oh my. Never ask about money, have the wedding you can afford, anything they do give is extra

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  • Ali
    Master June 2017
    Ali ·
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    Everyone has pretty much covered it. Don't count on money until you have it.

    We are paying for the wedding ourselves and opened a wedding account so we could use that account for anything wedding related. We each put money into it. It does help for budgeting. Open the account, plan the wedding you can afford and if you receive help from family be gracious thank them and go from there. But I wouldn't bring it up with them again.

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  • Jennifer
    Expert March 2017
    Jennifer ·
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    I absolutely plan to contribute to my own wedding. We didn't ask for any money and this was freely offered. Even after if was offered we made it clear that we do not expect anything and we're assured that this is what they wanted to give us.

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  • NotThatFreakinMary
    VIP November 2016
    NotThatFreakinMary ·
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    While naturally you should plan on paying yourself just in case...if your parents offered that amount of money I don't think it's an unreasonable request. I don't get offering a gift like that then making said recipient beg for the gift you offered in the first place.

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  • CatBones
    Expert July 2020
    CatBones ·
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    Open up the account for yourselves. You can tell you parents about it and offer to them that they can deposit money for the wedding at any time in any amount (40, 100, 1000. Giving 10k all at one might be a bit hard but broken up could be easier for them), but don't keep bringing it up.

    It's also possible their finances have changed and they can't give that amount, or anything, at this point in time. Or they are having wedding price sticker shock.

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  • Jennifer
    Expert March 2017
    Jennifer ·
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    Sorry about the avatar. The ww site doesn't work on my computer and I've tried changing it from mobile but I guess it didn't work.

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  • Erin
    Devoted October 2017
    Erin ·
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    We were told by FH's family that they wanted to "help out financially" with the wedding. No other details. So we are planning our day expecting nothing from them, and just budgeting for what we can afford on our own.

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  • MizzzCara
    Master June 2017
    MizzzCara ·
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    As far as the avatar, just open the site on your phones browser.

    If you planned to pay for your wedding by yourselves and say you do not expect anything then do just that. Plan your wedding, spend the money you have and if there comes a day where your parents hand you a check, then there you go. Cool.

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  • Tiffany
    Dedicated March 2017
    Tiffany ·
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    My dad and stepmom offered to help but just gave us a check up front. My mom offered to help a little but we still haven't gotten the money. Not that we need it right now but I added her contribution to our budget so I'm afraid she will not follow through. I'm planning on bringing it up soon so we don't have to worry about it. My FH and I opened a wedding account where we contribute each month.

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  • CatBones
    Expert July 2020
    CatBones ·
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    Rachel who hurt you?

    I'm seeing good advice on this thread. Actual advice. You seem to be the only one who isn't trying to offer solutions.

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  • MNA
    Master April 2018
    MNA ·
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    @Jennifer: Just because they said they want to help and offered the money doesn't necessarily materialize. Plan only for what you and your FH can afford, as if the other money will never come through. Then, if it does, great. If not, you're not screwed.

    @Rachel: Sounds like someone's pissy because they did something in poor taste and they just want to take it out on others. Don't be that person. Grow up and own your mistakes.

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  • NowASeptMrs
    Master September 2015
    NowASeptMrs ·
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    It sounds like they aren't ready to commit. You asked them; their reaction said it all. Don't push it. It's your wedding not theirs to pay for.

    DH and I set up a wedding account and put away $1000 a month for 12 months to save up for the cost of our wedding. We planning a $12,000 wedding. My parents generously gave us money and when it came time, my mom bought my dress and they paid for the catered dinner. So we were able to have some extra savings since we didn't spend our whole wedding account.

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