Wedding Gifts

Smart Ways to Invest Your Wedding Gift Money

Most of the money that you will get as a wedding present will probably go towards covering the cost of the event and the honeymoon. But if you combine the remaining cash with any savings you may have amassed over the years, and take into account your future earnings too, you’ll probably still have a decent sum to invest. Here’s how to invest your money as newlyweds as wisely as possible:

Pay off any outstanding debts

You shouldn’t be entering this brand new phase of your life with a weight of debt hanging over your shoulder. While most Maltese young people are lucky not to be saddled with student loans that eat away at their salaries long after they have left university, you might have outstanding debts from the purchase of a vehicle or a business investment. Use your wedding present money to pay off those debts and start life off as newlyweds on the right foot.

Buy a house

The amount of money you are gifted at a wedding certainly won’t be enough to buy you a home, but it can go towards forming a down payment on one. While houses are expensive, your first home needn’t be extravagant. Not only is buying a house a fairly solid investment, it’s also one that you will get mileage out of every single day.

Start planning for your retirement

Weddings are inherently youthful, and looking over your starry-eyed wedding photos, it’s hard to believe that you will ever be of pensionable age. But it will happen to all of us, if we’re lucky, and it’s never too early to start preparing a private nest egg for when you’re no longer working. Speak to a financial advisor about a suitable programme which you can top up with every pay check. You’ll thank your younger selves when you’re both in your golden years and just as in love as ever.