{"id":1162,"date":"2017-05-02T12:55:18","date_gmt":"2017-05-02T12:55:18","guid":{"rendered":"http:\/\/weddingbranch.co.uk\/news\/?p=1162"},"modified":"2017-04-18T12:57:06","modified_gmt":"2017-04-18T12:57:06","slug":"be-money-savvy","status":"publish","type":"post","link":"https:\/\/weddingbranch.co.uk\/news\/be-money-savvy\/","title":{"rendered":"Be money savvy"},"content":{"rendered":"

Between the wedding food<\/a>, the event space, the wedding photographers<\/a> and the band \u2014 you may have spent a large part of your savings on your wedding. If you were lucky enough to receive wedding gift money from friends and family, you can really make this money work for you. Instead of using your cash for a trip to the Caribbean or on a new car, consider the following suggestions:<\/p>\n

Start an emergency fund. We know it doesn\u2019t sound as glamorous as a spa package, but starting an emergency fund and help to combat stress when something unexpected comes up. Whether it\u2019s a sudden boiler breakdown or car repair, this saved cash will help if times get tough. It\u2019ll also make you feel better to know there\u2019s a bit of a cushion. We recommend opening an account that offers quick access and storing away \u00a31,000 \u2014 you can always add to it.<\/p>\n

Pay some bills. You\u2019ve just planned a huge event and you\u2019ve paid your fair share for it, so don\u2019t feel guilty about using some of your gift money for your monthly bills, or even prepaying your mortgage if you have one. If you\u2019ve been carrying around some unwanted debt \u2014 credit card, or car loan \u2014 consider paying off some of it. Having trouble deciding which to pay off \ufb01rst? Start by paying off the loan with the highest interest rate.<\/p>\n

Watch it grow. It\u2019s a smart idea to save and invest a big chunk of your gift money \u2014 this way it can gain interest and over time make money for you. It could be your deposit on a home or a nest egg for retirement. A financial adviser can help make sure you\u2019re putting your cash in the best account for you, whether that be a tax advantaged plan, like a traditional ISA.<\/p>\n

Invest in your home. If you\u2019ve been looking for a place to call your own, your wedding money may make a nice deposit payment. As you probably know, the larger your deposit, the less interest you\u2019ll typically end up paying on the loan.<\/p>\n

Already have a nest? You could make updates and improvements to your current place, which can potentially increase its property value.<\/p>\n

Look into life insurance. Now\u2019s the perfect time to take out life for you and your new spouse. Pushing a plan to the side any further will make it more difficult to attain. Thankfully, this isn\u2019t a huge investment, just a smart one.<\/p>\n","protected":false},"excerpt":{"rendered":"

Between the wedding food, the event space, the wedding photographers and the band \u2014 you may have spent a large part of your savings on your wedding. If you were lucky enough to receive wedding gift money from friends and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[346,319,329,303,261],"tags":[413,275,279,327,297,313,296],"_links":{"self":[{"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/posts\/1162"}],"collection":[{"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/comments?post=1162"}],"version-history":[{"count":1,"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/posts\/1162\/revisions"}],"predecessor-version":[{"id":1163,"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/posts\/1162\/revisions\/1163"}],"wp:attachment":[{"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/media?parent=1162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/categories?post=1162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weddingbranch.co.uk\/news\/wp-json\/wp\/v2\/tags?post=1162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}