Make your money work harder

In a difficult economic climate, cash is king. Many people in the Wedding industry work on a system of deposits, often spending money out on materials before their paid in full from you. This creates a gap in their cashflow, which can be expensive for them to finance. If you have cash sitting on your bank account, earning very little interest, then it could be put to use as leverage in negotiating a better deal with your Wedding supplier.

By offering for example a larger deposit or payment up front, you might find you would benefit from a reduction in the price.

If you are making large deposit payments, ensure you protect yourself at all times.

By Ricardo Di Donato - January 2010