The Importance of Having a Wedding Savings Account for Millennials

17 May 2022

Planning a wedding with a partner shows a level of commitment in the relationship. The high cost of a wedding event, on the other hand, causes millennial couples to postpone their wedding. To achieve your dream wedding with your partner, you should create a wedding savings account.

1. Wedding Budgeting

If you have a wedding savings account, the amount of wedding costs can be much lower. With a wedding plan savings, you can attain this goal in the time frame agreed upon by both of you. wedding savings plan aim to separate everyday necessities and wedding needs, so it will be better structured if you divide the savings.

2. Train Yourself To Save Money

Money from your earnings that goes into a wedding savings account instantly affects the amount of money available for daily spending. You will be trained to manage the use of the remaining money for everyday needs without interfering your wedding savings account. It educates you to be mindful in spending money.

3. Learn To Be Financially Responsible

Having a wedding savings account encourages you to be accountable for your goals. By creating a wedding savings account, you become accustomed to accepting responsibility for achieving goals by a mature and consistent approach. If you're used to it, you can establish short or long-term arrangements for other needs after marrying your partner.

4. Have a strong desire to achieve your goals

Separating your wedding savings account from other demands allows you to manage your finances more effectively. Wedding savings that come in every month cannot be taken for other uses, therefore savings for wedding will continue to grow every month. If you increase your regular savings, you will gain confidence and motivation for your goals.

You can start by deciding how long to save and calculating the amounts you want to achieve for your wedding needs based on the benefits of having a savings plan listed above. To begin saving for a wedding, select a bank and learn how to open a wedding savings account.

Maybank MyPlan Savings by Maybank Indonesia, is an option for saving for a wedding. Sharia principles are also available. You can obtain a variety of features and benefits, including:

1. Regular deposits start at IDR 100,000 per month.
2. Auto debit mechanism that withdraws funds from the source account on a regular basis.
3. Savings can be accessed quickly and easily with the M2U ID App or M2U ID Web.
4. Low administration fee of IDR 5,000 each month.
5. Sharia options are available.

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Invite your partner and begin saving for your wedding with an online wedding savings account using your M2U ID.