Featured Posts: 5 Things to pay for which aren’t a big wedding
Big wedding day or big future?
In a break from tradition, many people are eschewing a big wedding, and its associated costs. Instead people are using the money for alternative plans.
They call it the best day of your life; it’s certainly the most expensive. The mean cost of a wedding in the US is over $30,000 and that’s not even a big wedding. It’s enough money to start a business or make a down-payment on a house. Some women are saying no to the wedding industry: while they aren’t necessarily opposed to getting married, they’re seeking to spend their money on alternatives to that big wedding.
3Plus talked to a few women who decided to save on their wedding and invest their money in something else. (All names have been changed for privacy.)
Abby, 32, asked her parents to pay for her grad school after they funded her sister’s wedding. “I was a 22-year-old asshole and I thought I’d never get married. I was furious that they would give my older sister money for a party (as I saw it) but expected me to take out loans for my education.” She eventually won her parents over; “and I ended up marrying a guy I met in grad school, anyway. We just had to make it a cheap wedding!”
Sarah, 71, gave her daughter money to invest as an alternative to a big wedding. “Since my daughter was a kid, I’d been secretly saving up money to give her as a wedding present, because that’s what my parents did for me. When she talked about setting up her own business, I gave her the option to use that money so she wouldn’t have to take out a loan, and she jumped at it.”
Maria’s parents gave her and her fiancé a $5,000 cheque when they announced their engagement. “Three weeks later [our dog] Ashido got sick and most of the money went on his vets’ bills. My mom’s still upset that I chose my dog over a big wedding. I realise now that when [my parents] said we could spend the money on anything, they actually wanted us to spend it on either our wedding or a house.”
HOUSE DOWN PAYMENT
After saving up for her wedding, Suze decided to invest the funds in property instead. “My husband and I saved like crazy in the three years leading up to our wedding. We both took second jobs and we cut our expenses as much as possible. About halfway through, we realised we’d never had more money in our savings, and we decided not to spend it all on one day on a big wedding. We had a cheaper event than we’d originally planned and asked for cash rather than gifts from our guests. At the end of it, we had nearly $30,000 to put a down payment on a house.”
Having your own home can trump a big wedding.
Saving money can give you a cushion when things go wrong, as Katya discovered. “My ex and I saved up $9,000 for our wedding – and then broke up. We lost the deposit on the venue but I still ended up with about $3,000 after we’d split the remaining savings. It paid for me to spend four months travelling in Asia.”
Not only that we are seeing a decline in the number of marriages taking place. Could cost be a factor?
Download these FREE career reflection worksheets to create a career strategy and plan.
Found that interesting?
Learn more about our services
Make your dreams a reality with a professional evaluation of your career to date.
The evidence is in. More women in your company can deliver 35% greater financial returns. (Catalyst)
Dates for the Diary
June 28th Coaching and Discussion - Share the load with Dorothy Dalton and Ian Dinwiddy
Download and listen free podcasts
How to Create an Effective USP What is a USP? Our Unique Selling Point or UVP (Unique Value Proposition) is our key core message about where...read more
How to Rethink the Modern Workplace for Gender Equality New research shows that diversity and inclusion is a top priority for leaders. So why...read more
Menopause in the workplace In this podcast with Nicki Williams award winning author, keynote speaker and Founder of Happy Hormones for Life,...read more
How to Cultivate Empathy in the Workplace Nancy Milton, international business communications expert, keynote speaker and author, share some vital...read more
Taking Care of your COW Tanvi Guatam, international Personal Branding expert says there is a misconception out there that a personal brand is...read more
The importance of Hard Talk Dawn Metcalfe, author of Managing the Matrix and Hard Talk, shares with us tips to achieve the lasting communication...read more
When Does Female Rivalry Turn into Sabotage There’s a lot of stuff written on social media about female rivalry and competition between women. Some...read more
Goal setting tips to boost your career The happiest people are those that really love their jobs. Those that don’t, dread Sunday nights and...read more
Sexism: How to stage a Bystander Intervention in the Workplace In this power coaching podcast, we're going to tackle one of the questions...read more
How to Get Noticed by Head Hunters & Recruiters In this power coaching podcast, we're going to tackle one of the questions asked multiple...read more
Daily gratitude is an important booster. Read why we all need to show more of it.read more
Are you suffering from COVID19 boreout due to mental under-load? The symptoms of boreout are very similar to burnout so it can be difficult to tell them apartread more
Congresswoman Alexandria Ocasia-Cortez shows women how to handle sexist abuse by excoriating the perpetrator in a systematic and dignified manner to the House floor.read more