We know how hard it is to save up enough money to tie the knot with families often coming together to turn the dream into a reality. With this being said, it’s important to protect your wedding savings! Here we show you how to save money on a UK wedding and keep it.
Protect Your Wedding Savings
When it comes to your banking, there is something called a ‘set off’ clause. This means the banks can set off with your money. This clause is something you need to be aware of when saving for your wedding. It basically means that banks have the right to take money straight from your bank account without your permission. They can do this to pay off any existing debts. This is a huge risk when it comes to wedding planning especially given that many brides opt to take out loans prior to their big day. If you’ve taken out a loan and your parents are thinking about gifting you a large sum, be very wary. If they pay it directly into your account, the banks are well within their rights to take it to pay off your loans elsewhere.
Thousands of brides have been caught out across the country when their proud parents have gifted them generous amounts of money to finalise key elements of their wedding day only for the banks to take the funds away and leave the brides wondering how they’re going to pull off their dream day with no money! This can happen even if you have a repayment plan and agreement in place which is why thousands of brides have been caught off guard and have been left absolutely inconsolable.
Don’t let the banks ruin your big day! Share this post to raise awareness!
If you have any other ideas on how to save money on a UK wedding, comment below!
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