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What did you do with your wedding gift money?

Forum Opinion Poll
use it to pay off the wedding/honeymoon 29 13.06%
use it to pay off credit card debt 24 10.81%
use it for a down payment on a house 72 32.43%
put it in savings or invest it 78 35.14%
buy cool stuff! 6 2.70%
Other 13 5.86%
 

What did you do with your wedding gift money?

Posted By Message
Pages: 1 [2] 3 4

donegal419
St. Gerard, pray for us.

Member since 7/07

7650 total posts

Name:
K

Re: What did you do with your wedding gift money?

Posted by MetsGirl07

all of it when back into savings!! thats where it came out of... so went right back in!!



us too! but luckily, we made more than we spent, so it worked out well. then most of that savings we used towards our downpayment for our house.

Posted 10/9/08 12:31 PM
 

nferrandi
too excited for words

Member since 10/05

18538 total posts

Name:
Nicole

Re: What did you do with your wedding gift money?

Half went into our regular savings (for home improvements, taxes, etc...) the other half went into a high risk savings. We actually just pulled it the other day because after 4 years we were only up $20. I would rather put it in a CD where atleast the rate is constant.


ETS- the only thing we bought was a nice new mattress set.

Message edited 10/9/2008 12:33:25 PM.

Posted 10/9/08 12:32 PM
 

bluegreen08
LIF Adolescent

Member since 10/07

574 total posts

Name:
a

Re: What did you do with your wedding gift money?

we were afraid to do anything that would lock up the $$$ long term, since we're living on one income until september and will likely be moving in early summer. we originally had the $$$ in ING (3% interest) but moved most of it into an ING 6 month CD (3.75%) and we'll re-evaluate our finances and situation at the end of the 6 months.

We did use a little of it (< $1k) to buy some things from our registries that hadn't been purchased. (we considered them "wedding gifts" so we deducted the $$ from our wedding gifts sub-account in ING)

Posted 10/9/08 12:36 PM
 

babymakes3
Almost there!

Member since 7/06

7376 total posts

Name:

Re: What did you do with your wedding gift money?

I chose other:

We used about 10% of it for spending money on our HM, 20% to wedding related bills and the remaining 70% to purchase a guest bed, pots & pans, curtains and other home stuff.

We didn't receive much cash. We got married in a state where gifts reign over cash.

Posted 10/9/08 12:42 PM
 

2PreciousBlessings
The Perfect Pair

Member since 5/06

19861 total posts

Name:
Best Wife & Mommy

Re: What did you do with your wedding gift money?

We put it in Savings.

Posted 10/9/08 12:52 PM
 

JML83
LIF Adolescent

Member since 12/07

540 total posts

Name:
Lauren

Re: What did you do with your wedding gift money?

Put it into a CD then used it for some of the DP on our house.

Posted 10/9/08 1:07 PM
 

csorisi
My 2 LOVES

Member since 11/05

1984 total posts

Name:
Corinne

Re: What did you do with your wedding gift money?

Posted by dita

down payment on the house. we closed on our house 6 months and 4 days after getting married.



Us too...we got back in gifts what we spent on our wedding but that was because we had a little help from each of our parents. We used the money to pay off what we spent while on our honeymoon and the rest went in the bank for a downpayment. We bought our house 5 months and 1 day after we got married.

Posted 10/9/08 1:11 PM
 

PotofLuck06
Our Baby Boy Is Here!!!

Member since 11/06

13241 total posts

Name:
Betsy

Re: What did you do with your wedding gift money?

All of it was put into a CD that we can't touch.

Posted 10/9/08 1:16 PM
 

steph4777
**************

Member since 5/05

11726 total posts

Name:
Stephanie

Re: What did you do with your wedding gift money?

It went towards a downpayment on our house.

Posted 10/9/08 1:44 PM
 

MrsRivera
2 under 2...whew!!

Member since 2/07

9876 total posts

Name:
Beth

Re: What did you do with your wedding gift money?

We used it to pay off our credit card debt. We were debt-free for a LONG time, aaaaaaaaand now it's back. Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 10/9/08 1:44 PM
 

ave1024
I Took The Wrong Road

Member since 12/07

6153 total posts

Name:
That Led To The Wrong Tendencies

Re: What did you do with your wedding gift money?

Wow... so many "We put it in savings" answers.

We bought a 10k hot tub. Chat Icon

We already have enough in savings. You only live once.

Posted 10/9/08 1:56 PM
 

mrsmck
Be a big girl!

Member since 5/05

4898 total posts

Name:
Donna

Re: What did you do with your wedding gift money?

We used some of it for our honeymoon and the rest went into savings.

Posted 10/9/08 1:57 PM
 

CaseyGirl
Mommy to 3 Boys :)

Member since 5/05

19978 total posts

Name:
Jen - counting my blessings...

Re: What did you do with your wedding gift money?

paid off credit card debt that we racked up to pay for the actual wedding...it was the best thing we ever did bc then we had zero debt and were able to get approved for our home loan!

Posted 10/9/08 1:58 PM
 

Faithx2
All good things in 2016!!

Member since 8/05

20181 total posts

Name:

Re: What did you do with your wedding gift money?

Used some to pay for my last year of college and the rest as a down payment for our home.

Posted 10/9/08 1:58 PM
 

mamallama
<3 <3 <3

Member since 9/07

5035 total posts

Name:

Re: What did you do with your wedding gift money?

Ours is growing nicely in a high interest CD

Posted 10/9/08 2:01 PM
 

LightUpOurLife
Totally in love

Member since 8/06

12785 total posts

Name:
Bonnie-Jean

Re: What did you do with your wedding gift money?

We put all the money into savings. We will eventually use that money towards a down payment for a house.

Posted 10/9/08 2:13 PM
 

jozieb0925
Double Trouble!

Member since 5/05

4358 total posts

Name:
Josie

Re: What did you do with your wedding gift money?

Posted by PreshusSmurf

100% of it was put into a money market account, to eventually be used for a downpayment on a house.

we are adding to it every month.



Same here!

Posted 10/9/08 2:36 PM
 

LINewbie
Tigger the the Rescue!

Member since 8/08

5647 total posts

Name:
LB

Re: What did you do with your wedding gift money?

I put down payment for a house but it really will be going towards closing costs, with hopefully a bit for the credit card debt Chat Icon

Posted 10/9/08 2:41 PM
 

JennZ
MY LIFE!!

Member since 8/05

25463 total posts

Name:

Re: What did you do with your wedding gift money?

We took, $2000 with us on our HM and we banked the rest.


ETA: Our Wedding/HM were paid in full the day we got married, we had NO debt.

Message edited 10/9/2008 2:45:58 PM.

Posted 10/9/08 2:45 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: What did you do with your wedding gift money?

Posted by ave1024

Wow... so many "We put it in savings" answers.

We bought a 10k hot tub. Chat Icon

We already have enough in savings. You only live once.




A FRIGGIN MEN!!!!!!!!! Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 10/9/08 2:58 PM
 

BunnyWife
Insert Witty Comment Here

Member since 5/07

8274 total posts

Name:
BunnyWife

Re: What did you do with your wedding gift money?

Posted by rojerono

I spent way more on my wedding than we made in wedding gifts - so I just put it back in the bank to bring us back up close to our pre-wedding level.



ditto

Posted 10/9/08 3:12 PM
 

CunningOne
***

Member since 5/05

26975 total posts

Name:

Re: What did you do with your wedding gift money?

Posted by Ang-Rich

We threw the majority of it into savings to replace what we took out to pay for the wedding.



ditto. we repaid our accounts and any left over we invested (bought stock again since we sold some to buy our house a few years before that).

Posted 10/9/08 3:18 PM
 

kahlua716
3 Girls for Me!

Member since 8/07

12475 total posts

Name:
Keri

Re: What did you do with your wedding gift money?

Ours is in a CD. Someday it will go towards a downpayment on a home

Posted 10/9/08 3:32 PM
 

Chrisnamy
Summer is coming soon

Member since 1/07

3991 total posts

Name:
Amy

Re: What did you do with your wedding gift money?

Posted by bluegreen08

Posted by Chrisnamy

We put the money into CD's
We are making very little money on it but atleast its safe.



We did the same thing -- what rate are you getting?



We just moved 1 of our CD to WAMU (before they got sold to Chase) and they were giving the highest rate of 5%....

We really shopped around this time.

We still have a few CD's left at our bank. when they come due will be looking to move them to what ever bank has the highest rate.

Posted 10/9/08 3:44 PM
 

DRMom
Two in Blue

Member since 5/05

20223 total posts

Name:
Melissa

Re: What did you do with your wedding gift money?

Posted by ave1024

Wow... so many "We put it in savings" answers.

We bought a 10k hot tub. Chat Icon

We already have enough in savings. You only live once.



I was just thinking this. Chat Icon

Posted 10/9/08 4:28 PM
 
Pages: 1 [2] 3 4
 

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