Posts

Don’t Go Broke for the Wedding Gift

Wedding season remains in full bloom and while tying the knot is getting more expensive for the bride and groom, attending a wedding is becoming costlier, too. Some surveys reveal the average guest will spend $673 this year to attend a single wedding—including but not limited to travel, accommodations and attire.

 

Wedding flowers and gift

How much to spend for a gift?

I’m not here to tell you what to spend on a gift (check these figures if you want a general idea), but I can offer you a sigh of relief with this: Experts agree you can forget the antiquated notion that you must spend an amount equal to the cost-per-plate at the reception. A wedding is not a fundraiser. You are not obligated to pony up with a gift that reimburses the cost of your attendance.

Instead, you should come up with a dollar amount that makes sense for you. Never spend more than you can afford on a wedding gift. Going into debt to buy a gift is never a good idea, even if you’re sure you can pay it off next month. If money is tight, adjust your gift budget accordingly.

Read more

Common Money Myths and How to Stop Believing Them

The wedding was complicated and expensive. But it’s over and you are ready to settle back and enjoy your new life together. I’m here to warn you about some common money myths that newlyweds have been known to bring with them into their marriages.

But wait. You’re not a newlywed? No one is immune to believing these myths. No matter your marital status—learn these lies about money so you can stop believing them. It will improve your life.

 

 

Myth: Double the income, half the expenses

This is what I call newlywed fuzzy math: Merging your lives and incomes into one household is the equivalent of getting a raise. It goes like this:

When we live together, we split the rent or mortgage payment; we share the utilities and household expenses. We’ll have twice as much money.

Don’t believe that, not for a second. While there may be some truth in sharing expenses, the outcome is not what you think. Been there, done that, trust me on that. More likely, more money will immediately lead to more spending. Without a solid plan, that will quickly lead to more debt because you’ll use that money for a down payment on stuff you really want.

Read more

9 Ideas for a Frugal (Not Cheap!) Wedding

I get a lot of mail on the subject of weddings. I get stories of joy and tales of woe; great ideas and even a blooper from time to time.

In 27 years, I cannot recall a single time I’ve heard from a bride or groom saying who wished they’d spent more money on their wedding.

The best wedding mail comes from frugal brides and grooms who are anxious to share their fabulous frugal ideas with future couples!

 

holding hands bride and groom at a wedding

Lean guest list

Our first guest list included everyone we knew. As the list (and grew), we realized that would be a really bad idea. Without intending to do so, we got very close to inviting people who would then feel obligated to attend a wedding for people they didn’t really know that well. We decided to whittle that list, seeing our wedding as a more intimate event rather than a big everyone-we-know blowout.

From where we started, we got the list down to 25%. Best decision ever. Our wedding was manageable, affordable, and exactly what we wanted—an intimate celebration of joy. Debbie

Read more