It’s that time of the year: wedding season. Three smart ways to use your gift money

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It’s that time of the year: wedding season. Here are three smart ways to use your gift mone.

Submitted: May 29, 2018

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Submitted: May 29, 2018



It’s once again wedding season and that means lucky couples will leave their reception with quite a bit of money from gifts. That money can burn a hole in newlyweds’ pockets, but Mick Manley has other advise for lovebirds: don’t just spend it all on the honeymoon. That influx of cash can have a big impact on your future as a married couple, if you use it wisely.  He also advises:

Pay Off Wedding Expenses

Weddings are expensive. So if you had to pay for all or part of the festivities yourself, you likely incurred some debts. It would be smart to pay off those expenses before moving onto any other purchases.

Start a Rainy Day Fund

Even after the wedding is paid off, you’re likely to see plenty more expensive events throughout your marriage. Your home might need repairs, you could need some extra money for medical expenses, or other events might put a strain on your bank account. So the best thing you can do is set up a bank account with money just set aside for such emergencies. That can ensure that those emergencies are far less stressful when they inevitably occur.

Improve Your Home

Your home is another great way to invest your money. Any time you find yourself with extra cash, making improvements to your home can not only improve your current quality of life, but also help you financially down the road. And if you don’t currently own a home, consider setting some of your wedding money aside to buy one in the future.

© Copyright 2018 Mick Manley. All rights reserved.

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