So thatâs four separate (costly) occasions, for the same couple!
Now so far weâve only been talking about (relatively) local weddings.
I ask you: How much are you spending on weddings?
In my online course, a big topic we cover is budgets.Thereâs still a part of me that wishes I could have witnessed this novelty celebration, but as a fresh out-of-college grad, it was too much to swallow.Itâs certain you will want to go and make your familyâs weddings a priority.I will ask you to calculate the costs involved, evaluate if it is possible for you financially and make the mindful decision about your attendance.[Revere Win Engineer Pittsburgh In Rosie To Tickets]
Do you know how much youâve spent to attend a wedding?
Itâs August, and weâre right in the middle of wedding season.
A lot of people tell me things like âKelly, you made the decision not to go…but I canât do that with my friends!â.The costs factored in are:
Travel associated to get there
This number DOES not include if you want to buy a fancy new dress or shoes.
You then must factor in the wedding shower and the gift you give, or possibly even the cost of a big night out if youâre also invited to the bachelorette party.[Awesome Yours Does 401k How Compare Anatomy An Of]
For a 3-day weekend.
If one of your best friends is getting married itâs understandable you will want to share the day with them.Although you should realize – being IN the wedding tacks on an additional $200 to that $628 figure.[Eating For Tips At Creative Saving In Home Eat Money]
And my favourite (which is a tradition I didnât really grow up with) is the engagement party! If youâre invited to celebrate the big announcement, you are also usually expected to bring a gift.
There was another special invite I got for a couple getting married in Yosemite National Park.[What Expect Finance Workshop Personal Mastery To The]
And if you do decide to attend a costly wedding, try to think of other ways you could save.I managed to crunch some numbers with shared accomodation to get my total down to $900, but it was another one I decided I needed to forgo.When it comes to weddings for friends, itâs important to be conscious of the high costs associated with attending.But really, it just becomes a personal decision.My best friend actually lives in Sydney and I remember saving up AirMiles and money as I knew her wedding was going to be my big ticket item for the year.Especially if you are invited to a destination wedding, then you will have to seriously consider if it is worth it to you, and perhaps treat the event like your yearly vacation (as these weddings can be up to $2,000).
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I remember getting invited to a destination wedding in Cabo that I really wanted to go to.Do you need it? Could you live without going? How close are you with the bride and groom? At the end of the day, the cost of the wedding as a whole is what will end up setting us back financially.
So the next time a wedding invitation arrives in the mailbox, Iâm not asking you to give it a hard no.I put that $900 towards my student loans, and I know that a big part of why I was able to pay my debt off in two years was making decisions like these.[A Car Major When Into Accident Husband Gets Your]
So many of my clients tell me about their struggles with money, like paying off credit card debt or lots of student loans.The lodging was going to cost $500 a night.But (you know me!) I decided to calculate the total amount it would cost and ended up realizing it would cost me $1,200.
At that time, $1,200 was a lot for me, and being the savvy traveler I was, that amount would have been my budget for a ten-day overseas vacation.[Woman Mentally You Are A Strong]
The post Do you know much youâve spent to attend a wedding? appeared first on Personal Finance Warrior.
It was a tough call to make, but I had to decline the invitation.[She Bosses To For 5 Habits Business Money Your Explode]
Itâs important to think about big ticket items and events that may derail your budget.Weddings are one of the most common ones that people often donât think about!
Obviously, there are limitations when being choosy with weddings.Could you share a hotel room? Carpool? Borrow a dress from a friend instead of buying a new one?
Overall, the goal of sharing this information with you is to think about that big ticket item, being the wedding itself.It has nothing to do with others, it has everything to do with how savvy you want to be when it comes to your own personal finances..With all the different components spread out over categories (like transportation, gifts and clothes) many fail to realize why they are missing money.[What I People Other How Caring Stopped Think]
Most people get invited to between 4-6 weddings per year.
So if you happen to get invited to four weddings this year, youâll be spending well over $2,000!
Letâs break this number down.Weddings are one of those things that so many people fail to include in their budgets.I kept trying to get her to guess the date so I could plan my big holiday and yearly budget! It was absolutely fantastic to make the mindful decision to go and celebrate with her!
Iâm not sharing all this information with you to be a downer talking about the expenses for all these events.Iâm here to be the reality check.[Bad Break Habit A Steps 7 To]
But what if you get invited to a destination wedding?
Itâs your decision if youâd like to attend, and in a way youâre really lucky to get invited to a destination wedding.
I recently learned that the average amount that a person spends on a wedding is $628.[Iceland Kids With In 6 Do To Things]