Better Together: The expense of wedding season
May has me thinking about wedding season! While I am no longer in the stage of life when we have a wedding every other weekend, I can remember that time so well and all of the financial stress that came along with it.
A recent New York Times article said that in 2016 the average wedding guest was spending close to $900. Whoa! Just re-read that and think on it for a minute. That’s insane. Often these weddings are happening when people are in the late 20’s and early 30’s and they're spending money on multiple gifts, dresses, tux rentals and showers or parties!
Now, don’t get me wrong, it’s such a wonderful time in people’s life and weddings are such special events but how can young people (in particular) afford to keep up with all of this and to continue to attend all their friend’s weddings without completely throwing off their own budget or financial goals and responsibilities?
I stumbled upon this article by the Financial Gym and loved some of their tips:
- It’s okay to say NO!
- Don’t give gifts for every event.
- Don’t attend every event!
There are more tips and you can click on the link to read more but these three were my favorite! I believe we often convince ourselves that we must do it ALL and if that means we’re breaking out the credit card to make it happen, we feel like it’s expected.
What do you think? Do you have any tips, tricks, or beliefs on what to do or not do when you’re invited to weddings you would love to attend but know that you need to say no to so that you don’t completely derail yourself or your family and your financial goals?