Cash wedding registries have become increasingly popular in recent years and offer couples an alternative way to receive the funds they need for their wedding or honeymoon. But before you take the plunge, it’s essential to understand how cash registries work and what regulations apply. Here are four key things to know about cash wedding registries.
1. Discuss the Registry With Both Sets of Parents
When it comes to creating and making decisions about a registry, especially a cash one, it’s important to touch base with both sets of parents. They’ve likely been through the process before and can offer insight and advice. Plus, asking their opinion is a great way to involve them in your wedding planning process. Discussing the registry with both sets of parents before making any big decisions is a great way to ensure everyone contributes their ideas and feelings to planning.
2. Determine How Guests Can Contribute
When setting up a cash wedding registry, it’s important to determine how guests can contribute. Choosing options that are secure, convenient, and easy for your guests will help limit any misunderstandings and make everyone’s experience positive. Plus, having many ways in which they can contribute allows guests flexibility—for example, they could give a gift card or pay using a credit card or PayPal. Establishing clear guidelines ahead of time also allows guests to contribute to specific funds, like a honeymoon fund or furniture fund. All these factors combine to ensure all your guests feel appreciated while contributing to your dream day.
3. Consider Making an Account for Transactions
Setting up an account for transactions can save you a lot of time and hassle, making it easier to manage cash gifts from your wedding. Rather than having guests contribute physical cash or checks, you can ask them to contribute through your wedding website or another secure online transaction. You no longer need to worry about depositing physical cash gifts or waiting for checks to clear, and you won’t accidentally lose a guest’s gift! Plus, using something like PayPal or Venmo is much more secure than carrying around physical cash.
4. Have a Plan for Tracking Contributions and Gifts Received
It’s important to have a plan for tracking any contributions and gifts you receive, no matter how small or large they are. By doing so, you’ll know who gave what, and you can measure your progress and create accurate records to stay organized. Knowing where your gifts came from will help you give thanks appropriately.
Cash wedding registries are a great way to give your guests the flexibility they need when purchasing gifts for you and your partner. However, it is important to consider all these factors before deciding on this type of registry. Be sure to discuss with both sets of parents, determine how guests will contribute, set up an account for transactions, and devise a plan for tracking contributions and gifts received. By doing these things in advance, you can ensure that your cash wedding registry is a success!