How to save for a wedding with a monthly plan
To save for a wedding, set a total budget, pick the date, and divide the budget by the months left. A $12,000 wedding 18 months away needs about $667 a month, or about $333 each if two people split it. Add vendor deposit dates, since those are due before the day.
By Swapnanil Dhol. Last updated
How to save for a wedding
- Set the total budget. Decide what you can spend and list the main costs under it.
- Pick the wedding date. Count the whole months until the day, then mark when each deposit is due.
- Divide the budget by the months left. That is the monthly amount for the whole fund.
- Decide who contributes what. If two people are saving, agree on the split and note it per account.
- Track and adjust. Record each contribution and revisit the plan when a quote changes.
How do I turn a wedding budget into a savings plan?
Start with a total, split it into categories, then divide by the months left. The example below uses a $12,000 budget.
| Item | Budget |
|---|---|
| Venue | $4,500 |
| Catering | $3,500 |
| Photography | $1,500 |
| Attire | $1,000 |
| Flowers and decor | $800 |
| Buffer | $700 |
| Total | $12,000 |
How much should I save each month for a wedding 18 months away?
$12,000 divided by 18 months is $666.67 a month. Split between two people, that is $333.33 each. With 24 months to go, the same budget is $500 a month.
How do I handle deposits that are due early?
Venues and vendors usually want a deposit well before the day. Give each early payment its own dated goal. A $1,500 venue deposit due in 6 months is $250 a month, and the rest of the budget can run on the wedding date.
How do two people save toward one wedding fund?
Agree on the split, then each person logs what they put in. Goaley: Savings Goal Tracker tracks contributions by account, so the history shows which account each deposit came from and when.
How can Goaley help me save for a wedding?
It plans the saving: enter the budget and the date, and it shows the next amount, the dated schedule and whether you are on track. The savings plan page explains the schedule, and the savings goal calculator lets you test different dates. Other big dated goals work the same way, like a house deposit.
Plan your wedding fund by date
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