When it comes to your wedding, you want everything to be perfect. So you might be tempted to use all of your savings to turn your dream wedding into a reality.

But before you pull out your life savings, you should consider a few things. Here are five reasons why you shouldn’t use all your savings for your wedding:

1. You’ll Have Nothing Left for an Emergency Fund

If you use all of your savings for your wedding, you won’t have anything left over for unexpected expenses. Worst case scenario, something could happen that would require you to cancel your wedding entirely, and you’d be left with nothing.

The cost of wedding in Singapore is high enough already.

Your dress alone can cost thousands of dollars. Add the venue, rings, catering, and service – and you can easily reach a five-figure sum.

Here’s why your emergency fund is essential.

We all know the saying, “hope for the best, but prepare for the worst.”

While it may be tempting to live life on the edge and only save for retirement or a rainy day, emergency funds are essential for weathering life’s unexpected storms.

A medical emergency, a job loss, or a car repair can quickly throw off your finances, but an emergency fund can help cushion the blow. Having a few thousand dollars set aside can help you avoid going into debt or dipping into your retirement savings.

So next time you’re tempted to pay the cost of your wedding from your savings account, remember that it could be a lifesaver down the road.

2. You Might Not Be Able to Finish Paying for Your Wedding

Your wedding is one of the most important days of your life, and you want everything to be perfect. However, if you’re relying on your savings account to cover the cost of your wedding, you might not be able to have the wedding of your dreams.

Beware: The average cost of a wedding in Singapore is $30,000-$50,000, not including the honeymoon cost.

If you’re only able to save a few thousand dollars, you might not be able to cover all of the expenses associated with your big day.

Not having enough money left to finish paying for everything could leave you in debt and stressed out before even walking down the aisle.

That’s a problem.

Instead of using your savings account, consider opening a wedding registry or setting up a crowdfunding campaign to help pay for your wedding. Thus, you can have the wedding you’ve always wanted without putting yourself into debt.

3. You Could End Up Overspending

If you use all of your savings for your wedding, you could spend more than you originally planned. This is especially true if you get caught up in the moment and start adding on extras that you don’t really need.

We know what you’re thinking, but you’re not special.

All brides and grooms do that.


  • It can be challenging to keep track of all the expenses associated with a wedding. From the cost of the venue to the cost of the dress, many items need to be paid for.
  • Weddings often have hidden costs that can add up quickly. For example, you may need to pay for extras like flower arrangements or cake decorating.

By using your savings account to pay for your wedding, you may find yourself quickly dipping into your emergency fund or racking up credit card debt.

4. You Have Better Things to Use Your Savings For

Other things in life are more important than your wedding day.

Yes, we know; it’s hard to believe that now.

If you use your savings for your wedding, you won’t have anything left over for a down payment on a house, your child’s education, or your retirement.

For example, you will soon want to move into your new home if you’re newlyweds. But applying for an HDB apartment is exceptionally costly – you’ll need a down payment of at least 10% or even 25% if you’re taking a bank loan.

Consider another example:

Renovation loans in Singapore are only $30,000 and don’t cover furniture and decorations. You’ll need your savings account intact to turn your house into a home.

Remember: Wedding days come and go, but these other things are essential investments for your future.

5. It’s Not Worth the Stress

Using all of your savings for your wedding can be incredibly stressful. Not only will you be worried about money leading up to the big day, but you’ll also be stressed out about making sure everything is perfect.

We know; you did your best to save up for your big day. But that’s not enough.

Unexpected costs can always arise. Therefore, using all of your savings for your wedding can be incredibly stressful.

Besides, you also have to be mindful of how much you’re spending.

This can lead to a lot of anxiety and even arguments between couples. So, while a dream wedding may be worth it for some, for others, it may be better to scale back and save yourself the stress.

Alternatively, consider the extra options available for your dream wedding. Keep reading below.

How to Cover the Cost of Wedding Safely?

When it comes to weddings, the cost is always a significant concern. But while couples may be tempted to dip into their savings account to cover the cost of their big day, this can be a dangerous move.

Not only could it leave you short on funds for other essential expenses, but it could also put a strain on your relationship if things get tight.

Trust us; you don’t want a fight before your wedding.

That’s where Lending Bee comes in. We’re a reputable licensed moneylender that can help you secure the financing you need for your wedding without putting your finances at risk. So whether you’re looking to cover the cost of your dream dress or pay for the perfect venue, we can help make your wedding dreams a reality.

Contact us today to learn more about our wedding loans.

You can get your quote here.





About Lending Bee

In a volatile, uncertain, complex and ambiguous world, you can count on one thing – your partner in credit, Lending Bee. Just like an industrious bee, we are committed to helping each and every customer access credit – quickly, easily and seamlessly.