MoneyConsumerDon't Waste Your Money

Actions

Skip the blender; today's brides and grooms want house down payments

Cash is the newest wedding registry trend
Wedding
Posted
and last updated

Remember when a wedding registry meant blenders, toasters, and fine china? Those days are changing.

What’s the point of getting a new set of dishes if you don’t have anywhere to put them? That’s a question many couples are asking themselves when filling out their wedding registries these days, and they are asking for cash instead of gifts.

Zillow Home Loans and The Knot found couples registering for "home downpayment funds" have increased by 55% since 2018. It's a way to offset the high costs of housing nationwide.

Jackie and Zack McCann got married in Nashville this year. When filling out their wedding registry, they skipped the kitchen goods and instead asked for cash to contribute to a down payment for their first home.

"It helps us make a dent," Jackie McCann said.

"It also prevented us from putting, like, meaningless tchotchkes on a registry," her fiancé said.

The McCanns were thrilled with the results.

"Every dollar, you know, it's almost like there's a brick right there where that person helped to build this home," Zack McCann said.

Wedding planners credit older couples with different needs

Katie Meckstroth is a wedding planner with Simply Designed Events who has seen this trend developing, saying people are getting married older these days.

"The average age of someone getting married is between 29 and 31," she said, "as opposed to 23 to 25 in past years."

As a result, she says, many couples already have a stocked kitchen.

"All those things that are bought to create a home, a toaster, china, are all stuff they don't necessarily need," Meckstroth said. "In many cases, they have two of them."

In Seattle, 2,400 miles from where the McCanns are putting down roots, Yobel Mengistu and his fiancé face similar decisions. With wedding guests coming from Africa, China, and Vietnam, they expect to receive cash.

"It will happen just because it's just kind of the custom and the culture," he said.

Mengistu hopes everyone's wedding guests embrace the evolving needs of newlyweds.

"The goal should always be how do you help them get into that next stage of their life," he said.

So skip the blender and help that young couple with what they really need. That way you don’t waste your money.

Hot trend: Brides and grooms want house downpayment money

____________________________________

"Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").

Follow John:

For more consumer news and money saving advice, go to www.dontwasteyourmoney.com