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Joint account for wedding expenses11/9/2023 ![]() You might also like this article: Basic Wedding Budget Breakdown This will save you lots of time, stress, and energy. Instead of having to check multiple bank accounts or tracking expenses across several credits, and having to update tons of spreadsheets – simplify your wedding finances. Simplify!ĭid you notice a pattern in the first four tips? Let’s recap: (1) designate ONE person to track the wedding funds, (2) have ONE wedding-only bank account, (3) use ONE wedding-only credit card, and (4) use ONE spreadsheet to track everything. Google Drive is amazing because you can share it with your partner so that you both have access to the spreadsheet, you can access it from anywhere, and it’s easy to use. Having a single spreadsheet for all of your wedding-related transactions is great because you’re able to see everything on one page.īy the way, I’d recommend creating a shared spreadsheet in Google Drive. Keep track of your wedding budget, expenses, and upcoming payments in one spreadsheet. ![]() You can either use an existing credit card or open up a new joint credit card – either way, just commit to charging wedding expenses to a single credit card. Charging all wedding expenses to a single card makes it much easier to track your wedding budget. Use a single credit card to pay for all of your wedding-related expenses. You might also like this article: How to Create a Wedding Budget: An Easy Step-by-Step Guide 3. This helps keep the wedding money separate from your regular spending accounts – and helps you easily track how much you have available for the wedding. Even if you already have a joint bank account, you might consider opening up a separate bank account for this. If you don’t already have a joint bank account this would be a good time to open one so that you can have a separate bank account specifically for wedding funds. Have a separate “wedding-only” bank account For example, I was in charge of tracking our wedding expenses and scheduling all the payments, but I still gave budget updates during our weekly wedding planning meetings and we ALWAYS made money decisions together. Even though one of you is in charge of tracking the budget, it’s still important to work as a team. I should clarify something before I go any further. So you’ll never have to wonder, “Which bill was I supposed to pay? Did I record that payment in our spreadsheet? Um, did we accidentally pay that bill twice?” Have one designated person for all money-related things, that way there’s no second-guessing or confusion about who’s responsible for paying and tracking the spending. Let’s dive right in.įive Tips to Track Your Wedding Finances 1. You’ll find lots of practical tips for managing money and creating a wedding budget so you reach your financial goal for that special day.Whether you’ve created a wedding budget, or you’re saving up for the wedding, or you’re already making purchases for the wedding – you’ll need to track your wedding expenses somehow, right? That’s what today’s article is all about – how to track your wedding expenses. ![]() You can also check out how to how to plan and stick to a budget. You can find a range of practical money-saving advice on how to save for your wedding. That way, you’ll be setting money aside without having to think about it. With a dedicated wedding savings account, you can set up automatic transfers on a monthly basis from your existing account. If you are planning to save for the big day, a good place to start is a savings account or a joint current account that’s exclusively dedicated to your wedding. This will also allow you more time for booking venues and services. If you don’t already have money set aside, the sooner you can start saving for your wedding, the more you can set aside. This will allow you to avoid paying interest and fees associated with borrowing money. For most people, paying for a wedding through using their savings may be the cheapest option.
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