Weddings are one of the most memorable days in most people’s lives, but it can also be a very expensive day. From the dress to the food and everything in between, on average, couples spend around $35,000 on their wedding day in the US. On top of that, comes the added expense of a honeymoon. However, with the surge in popularity of honeymoon fund registries, the cost of the honeymoon can now be covered by wedding guests.
What is a honeymoon fund?
A honeymoon fund works very similarly to a wedding registry, except instead of giving gifts, wedding guests gift cash. It is essentially a crowdfunding campaign, where the wedding guests contribute towards the cost of the honeymoon. This trend has become increasingly popular, and couples can now easily create their own honeymoon fund registry websites, allowing their guests to contribute to the cost of the honeymoon by using their credit cards.
How does it work?
Couples can choose from different honeymoon fund registry websites that help them set up their own customized page. On the website, couples can create a list of expenses for their honeymoon such as flights, hotel, activities, or even meals, and guests can choose which expenses they would like to gift. Some registry sites even allow for guests to contribute to larger funds, such as ‘upgrade to first class’. That way, guests can feel like they are contributing to a specific aspect of the honeymoon experience.
Why are honeymoon funds becoming so popular?
For many couples, it can take years to save up for a honeymoon, and sometimes it can still feel like it’s not enough. Honeymoon funds can help newlyweds start their lives together on the right foot without incurring additional debt. For wedding guests, it can be a great way to give a gift that the couple will actually use, rather than just buying them something off their registry that might collect dust. And because everything is done online, it is easy and convenient for guests to give a contribution towards the honeymoon.
Are there any downsides to using honeymoon funds?
One of the main downsides of honeymoon funds is that they often come with a fee, either to the couple or the wedding guests. Some of the honeymoon registry websites charge couples a fee, ranging from 2% to 10% of the total amount raised, for their service. Some select honeymoon fund registries even charge the guests a small fee to give their contribution. It is important to research honeymoon fund registry sites in advance and understand their fee structures before creating a registry.
Another potential issue to consider is that some guests may prefer to give a tangible gift, rather than cash towards the honeymoon. With honeymoon funds, there is no physical gift to give, and some people may feel like they are not contributing enough if they only give a small amount. In those cases, couples may want to keep a traditional registry as well, to accommodate guests who would prefer to give a tangible gift.
Conclusion
A honeymoon is a special time for newlyweds, and it’s understandable that couples would want to start their lives together with a memorable experience. Honeymoon fund registries can help make that dream a reality, easing the financial burden and allowing a couple to take the honeymoon they’ve always dreamed of. While it is important to consider the fees and be aware of guests who may prefer to give tangible gifts, honeymoon funds can be a helpful tool for anyone looking to start their marriage on a financially healthy note.
FAQ
What is the meaning of honeymoon fund?
A honeymoon fund is a type of savings account created specifically to help couples pay for their honeymoon trip. Instead of purchasing traditional wedding gifts, guests can contribute money to the fund in order to help finance travel, lodgings, and other associated expenses related to the honeymoon. This type of fund enables the couple to enjoy a romantic and unforgettable trip, without having to worry about the financial strain it might put on their relationship.
Honeymoon funds have become an increasingly popular trend among engaged couples, as they provide a way to take a luxurious trip without the financial burden that could potentially follow a wedding ceremony. By creating a honeymoon fund, the couple can save hundreds or even thousands of dollars, allowing them to splurge on special experiences like spa treatments, romantic dinners, or sightseeing adventures.
Many online platforms exist today that enable couples to set up an online honeymoon fund, which allows guests to make contributions electronically, often with the option of leaving a personalized message for the couple. Such platforms may also offer account management tools, such as tracking donations and providing thank-you notes.
A honeymoon fund is a special account that allows couples to raise money for an unforgettable and romantic trip, without the pressure of having to pay for it entirely on their own. With the rise of online platforms, it’s never been easier for couples to create and manage their own honeymoon fund, which can be an ideal way to celebrate the beginning of married life together.