Should You Spend or Save That Wedding Gift Cash?

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Give:
Your friends and families just gave a lot of time and money to your big day, whether it was traveling a long distance or writing you a significant check. Giving custom-designed thank you notes, while a bit pricier, can be a great way to show your appreciation. Another idea from Mr. Walter is to solicit votes from wedding guests on a charity to donate a portion of your wedding money to.

Owe:
“If you financed a chunk of the wedding via credit card or other means of debt, then I’d give strong consideration of using some of the wedding cash to pay off that debt,” said Mr. Walter. “Also, if you have other lingering debt such as student loans, car loans, or other ongoing credit cards – using the cash can be a great way of getting a fresh start.” While it doesn’t sound glamorous, anyone with loans or debt can speak to how great it feels to have fewer monthly payments.

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