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How to Spend Wedding Cash Gifts

Ask a Savvy Bride: We Can't Agree on How to Spend Wedding Money

This Ask a Savvy Bride is part of a Wedding Season series of advice from a savvy soon-to-be bride. If you have a conundrum that you need help with, share it in the Ask Savvy group.

Dear Savvy,

My wedding is just a few months away and my fiance and I are in the midst of working though all the last minute details. One thing that's come up is what to do with any money we receive as wedding gifts. We aren't seeing eye to eye as I think it should go toward paying off our credit cards while he thinks it should be put away in a savings account and not touched. How do we come to a middle ground?
On the Fence Fiona

To see the savvy bride's advice,


Savvy bride says:

I can't give you the answer as to how you should spend the money, but since it will be gifted to you as husband and wife, it should be spent on something that will benefit you both. If your husband is against paying off your debt with it, why not suggest using the money toward your honeymoon, or starting a joint bank account for household bills. Or, if you plan on having children, you could start an education fund to use years down the road. You should also consider your interest rates on your credit cards and savings account and figure out what makes the most sense and where you'll come out on top.


As you can see there is no right answer here, but it's imperative that you come up with a plan before the checks start coming in — money can cause a lot of tension between couples, and you want to be able to enjoy your big day (and the presents). Weigh your options together and hopefully you'll agree on something soon! Good luck.

Ask anything budget-, etiquette-, or planning-related — well, almost anything — by posting your questions in the Ask Savvy group, and I'll find the right expert to help you out. If you are planning a wedding, already happily wed, or still looking for Mr. Right, start sharing your big day with our community. Don’t forget to check the wedding content box on your post.

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Join The Conversation
bbrimacombe bbrimacombe 7 years
My husband and I did what we always do with cash gifts for the both of us; we just split it and did what we wanted with it. We probably both did the same thing with it (saved it) but this way we both did what we wanted, without the other one being annoyed.
skigurl skigurl 7 years
If you absolutely can't agree, then split it Half goes into savings for the future, half to pay off debt in the long run, paying off debt will benefit you because the money you used to use to pay debt payments can now be saved...seems silly to have (for arguments sake) 10K in the bank but owe 8K on credit card debt, for example. My boyfriend and I have different ideas about what to do with our tax money this year (around 7K) and we've agreed to split it, do what he wants with some of it, and what i want with some of it. COMPROMISE! :)
ShaynaLeah ShaynaLeah 7 years
Having a long talk about money, priorities, and old skeletons like credit card debt, student loans, or poor credit ratings should happen before you get engaged, and if not, then ABSOLUTELY before the wedding!
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