Since that money was given as a gift, give yourself permission to spend some of it to celebrate your new life together. You might want to use some of it now or set it aside for a fun savings goal like a long-weekend getaway. While it's perfectly OK to enjoy some of that wedding money now, be sure not to go overboard.
What is etiquette for wedding money?
Traditional etiquette says that your wedding gift should be at least enough to cover your attendance at the wedding. While the average cost per wedding guest in 2022 was $256 according to The Knot 2022 Real Weddings Study, a better starting point might be to think about the cost of your meal at the reception.
What should I do with gift money?
What do you do when you get a money gift? Learn ways to put that cash to good use.
- Set a savings goal. Sometimes the best way to use your cash gifts is to save them.
- Try a no-spend challenge.
- Make saving automatic.
- Take advantage of free services and discount offers.
How do you manage your wedding money?
Keep Your Wedding Savings in the Right Place Before you start making regular contributions to a wedding account, decide where you'll keep it. There are three basic options: a separate checking account, a savings account, or a money market account. Devlin recommends a joint checking account for accessibility.
Is $100 a generous wedding gift?
She offers these guidelines to wedding-goers wherever they might be: A distant relative or co-worker should give $75-$100; a friend or relative, $100-$125; a closer relative, up to $150. If you are wealthy, are you expected to inflate the gift? No, Cooper says. “If they do, it's because they're just generous people.”
How do you politely ask for money for a wedding gift?
“Your presence at our wedding is enough of a gift, but should you wish to buy us something, we'd greatly appreciate a contribution towards our dream honeymoon/house deposit/renovation.” “Please do not feel obliged to buy us a gift, all that we are expecting is you.