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Recycles dryer sheets
I’m divorced with 2 kids that are now in their 20’s, out of college, and are finally self supporting through their own contributions (employment). My oldest (DS) is getting married this Fall and I have no idea how much cash I should give the happy couple as a wedding gift. So I would appreciate input from any other divorced parents on what they have done for children’s wedding gifts, or have set aside as one time expenses.
I am not involved in the wedding planning (or funding) at all (Thank God) but from what I’ve heard from DD and DS the total cost (everything from tuxes, photographer, venue, DJ, food, booze….) is going to be in the $25K range. Based on very limited data points from DD, DS, and EX it sounds like my Ex (I talk to her the least), DS, my EX, and the Bride’s parents are dividing up the costs. So I’ll just assume it’s 1/3 for each.
Anyway I was wondering what would be an appropriate cash gift? I was thinking $5K. Plus the rehearsal dinner which will probably be in the $1K to $2K range based on the number of people I’ve heard will be there. I was also going to Budget in $10K as a onetime expense for DD when/if she gets married. (DS does not have Techy degee so she is not making big bucks like DS).
Does all this sound reasonable? I’m totally clueless on all this and tired of internet searches and coming up with no useful information. Wish there was a calculator for this decision.
My basic financial picture: FIRE’d, with an ~65K/yr (2014 dollars) after Federal Tax Budget. 65K does not include “bucket of proceeds money” from my recent home sale which I will probably use to buy a house in a lower cost of living area. My “nest egg” is in the $1M area.
TYIA
I am not involved in the wedding planning (or funding) at all (Thank God) but from what I’ve heard from DD and DS the total cost (everything from tuxes, photographer, venue, DJ, food, booze….) is going to be in the $25K range. Based on very limited data points from DD, DS, and EX it sounds like my Ex (I talk to her the least), DS, my EX, and the Bride’s parents are dividing up the costs. So I’ll just assume it’s 1/3 for each.
Anyway I was wondering what would be an appropriate cash gift? I was thinking $5K. Plus the rehearsal dinner which will probably be in the $1K to $2K range based on the number of people I’ve heard will be there. I was also going to Budget in $10K as a onetime expense for DD when/if she gets married. (DS does not have Techy degee so she is not making big bucks like DS).
Does all this sound reasonable? I’m totally clueless on all this and tired of internet searches and coming up with no useful information. Wish there was a calculator for this decision.
My basic financial picture: FIRE’d, with an ~65K/yr (2014 dollars) after Federal Tax Budget. 65K does not include “bucket of proceeds money” from my recent home sale which I will probably use to buy a house in a lower cost of living area. My “nest egg” is in the $1M area.
TYIA
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