Honestly, when I first told my friends about wedding funds, their responses were all the same: “Just save in the bank—it's safe.”
I just smile. Imagining wedding money sitting quietly in a bank account is actually a bit frightening.
Interest is only 1% per year, but it’s reduced by monthly admin fees. Not to mention, it’s cut again by 20% tax.
That’s not saving, but gradually adopting inflation.
But renting the venue, ordering the WO, and wedding catering—its increase doesn’t use brakes. Every year it can jump by 5 to 10%. If you only rely on ordinary savings, the target wedding next year could end up shifting by as much as three more years.