"Have Both Families Discussed It Already? A Summary of How to Use the Wedding Gifts from Guests and Key Points to Keep in Mind*"
2016.09.18 published
Let's Know How to Use the Wedding Gift Money
When holding a wedding reception, fortunately, we can receive congratulatory money from our guests. The average amount for friends is about 29,000 yen, for bosses around 38,000 yen, and for relatives around 58,000 yen, resulting in a considerable sum of money.
However, if you don't have a clear understanding of how to use the received congratulatory money, there is a risk that it could lead to disputes between the two families! That's why it's important to know in advance how to use the congratulatory money. Here are a few explanations about the uses of congratulatory money and points to pay attention to.
Use of Congratulatory Money 1: Allocate it to Wedding Expenses.
If the wedding costs are to be paid on the day of or after the wedding, use the congratulatory money directly to cover those expenses. The point to pay attention to here is to properly estimate how much of the wedding expenses can be covered by the congratulatory money!
If the congratulatory money is not enough, who will prepare the additional amount? If there is a surplus, who will receive that? Discussing these forward-looking points in advance is the best approach!
Use of Congratulatory Money 2: Return it to Parents.
Many couples might have received financial assistance from their parents for hosting the wedding. In that case, of course, return the amount assisted by your parents with the congratulatory money.
The point to be careful about is that if it turns out that the congratulatory money alone isn't enough to cover the wedding expenses, the couple will need to prepare for the shortfall in advance! It's also an important arrangement whether to split it exactly in half or vary the amounts based on the number of guests.
Use of Congratulatory Money 3: Received by the Newlyweds.
The newlyweds can receive the congratulatory money either if they have already paid for everything themselves or if the parents have declined to receive it. If the parents have declined, it would be nice to make effective use of the congratulatory money not just for the two of you but for both families.
Also, even if the newlyweds receive the congratulatory money, they will be busy sending wedding announcement postcards and thank-you gifts afterward! Therefore, some couples use the congratulatory money for that, while others invest it in honeymoon expenses, new home furniture, or saving money seriously. They want to make a wonderful use of money that both of them can agree on!
Have You Already Discussed the Use of Congratulatory Money with Your Husband?
The congratulatory money received from guests basically returns to the pockets of those who bore the wedding costs... that’s the natural order of things. However, money issues are not always straightforward. To avoid any disputes between both families later on, it is recommended that you thoroughly discuss this with your husband and parents.