Aug 26 2007
Budgets: We're All Hypocrites
Ramit Sethi, personal finance smart cookie at I Will Teach You To Be Rich, has one one of the absolute best posts I’ve read about the reality of wedding finances on this site. Check out: The $28,000 Question: Why Are We All Hypocrites About Weddings?
The post is an interesting look about our collective attitudes about wedding spending. The gist is that we swear we’re being frugal and not getting carried away but, really, we’re not.
The spending for weddings increases year after year. Yet we insist that we will be different: Of course we won’t spend that much. Of course we’ll have a budget. Of course we’ll have a small simple wedding. Sure we will.
He has some spot-on insight and some sound advice for those who are wrestling with the budget beast. Do take a look at his savings plan for a little dose of reality and keep reading all the way through the comments. They’re as good as the article.
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Very interesting. My wedding budget is $8k. Which fiance and I are splitting 50/50. I’m saving 600/month towards the wedding. We’ve limited the guest list to 100 and found a reception site that will cost us less than $3k.
I intend on doing alot of things myself to save on cost. I love this site.