Start with a number and a date
Decide what you can afford before you decide what you want. Agree on a total, then pick a date. Divide the total by the number of months until then.
For example, €12,000 over 24 months is €500 a month.
Decide who pays what
Agree how the saving is shared, and whether family is contributing. Write it down so there are no surprises.
- Total budget and what is in it.
- Your monthly saving, and how it is split between you.
- Any money from family, and when it arrives.
- A small buffer, because costs often rise.
Track it as a goal
Set it up as a savings goal in Wollie with a fixed monthly amount. You both see the progress, and the month is ticked off when the money lands in your savings.
Questions
How far ahead should we start saving for a wedding?
As early as you can. Twelve to twenty-four months gives you time to spread the cost.
Should we use credit to pay for a wedding?
It is safer to plan the wedding around what you can save. If you borrow, be sure you both understand the monthly cost.
This guide is general information, not financial advice.