What should I do with my wedding gift money

What should I do with my wedding schadstoff moneyWhat should I do with my wedding gift moneyCongratulations, youre married And the wedding planning part of life is finally over Plus, if youre lucky, youre walking away from yur wedding with a nice chunk of change. But its important to have a plan when you get a windfall like this. You dont want to find yourself a few months from now with no money left and nothing to show for it.Of course, how you use the money depends on you and your partners goals and responsibilities. But there are some basics that you should focus on when spending (or saving) that money.Pay Off DebtI know this doesnt sound fun. No one likes to pay off debt with gift money. But its actually hugely important to pay off your debt if you can If you have any credit card debt (or debt accrued during wedding planning), you should absolutely put your wedding money towards it. This will help you and your new spouse start your marriage on more solid financial footing. If bot h of you have debt that needs to be paid down, have a conversation about how you want to split the money. Do you want to split it equally? Do you want to tackle the highest interest debt first? Have the conversation and make a decision that feels good on both sides.Build Up Your SavingsOne of the cornerstones of financial health is having a funded emergency savings account. This account will protect you and your family if there is a job loss, injury or illness, or other costly emergencies. Having three to six months worth of your expenses can prevent you from being evicted, keep you current with your bills, and preserve your peace of mind. When you are joining your life with someone else and increasing your financial responsibilities, its even more important to have emergency savings. Even if you havent been given enough to fully fund your savings account, its important to get it started.Do Something FunWhenever you have a windfall of any kind, you should use a small portion of it t o do something fun. Allowing yourself to treat yourself makes it easier (and therefore, more likely) to use the majority of the money on responsible things. Take 10% of the money and buy something youve been yearning for, or treat yourselves to a fancy dinner. You deserve it, and your guests would be happy to know that you used the gift on something just for you.Dan and I have a few different ideas for our wedding money (keep in mind Im writing this before the wedding, so I dont know how much weve gotten). We dont have any debt aside from our mortgage, and our emergency fund is fully funded. So, we will use some of the money for our honeymoon, and the rest of it will likely go towards home projects.This article was originally published on MaggieGermano.com.