Here Is How Most Newlywed Couples Use Their Cash Wedding Gifts
It’s one of the reasons there are actual websites now devoted to helping couples essentially “ask” for cash; we told you about one of them just this spring called Envelope, which allows couples to register for experiential gifts instead of bathroom linens.
- 55 percent of newlyweds use the money to fund their honeymoon
- 34 percent use it to pay down debts
- 7 percent put it towards a nest egg
- Other use the the cash in their wedding cards for “wedding stuff” and things like home renovations
As we also told you this summer, the folks at Tendr were the ones to tell us about how the average cash wedding gift varies by state and by time of year; in Pennsylvania the average is $188, with a slight spike in the spring and a slight drop in the fall. And while, if you do have a traditional registry, you are sure to receive many a beautiful serving platter, you would do well to do a bit of planning when it comes to the cash gifts you will more than likely also receive. Here’s how to do just that.
What are the two of you planning to do with any generously gifted wedding money?
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