I'm guessing many of you have adult children and you've helped pay for some weddings along the way.
DW and I have three adult daughters and two are currently engaged with the third likely getting engaged soon. We definitely budgeted for their weddings but don't believe in an open-ended expense account. DW and I are frugal in some things and less so in others but one area we both agree on is not overspending on something that is over in a day or so vs. longer term investments (like help with downpayments on a home or saving for grandchildren's college, etc.).
We've set aside (inflation adjusted) $50k per daughter for their weddings. Since they're all established, working and out of the house (31F, 30F, 25F) and making very good incomes, we feel this is more than enough. Unfortunately, the wishes of one of them well exceed this amount and it's difficult to navigate. We live in a HCOL and things aren't cheap but there have to be some limits of course.
Curious about other examples and experiences you all might be willing to share.
DW and I have three adult daughters and two are currently engaged with the third likely getting engaged soon. We definitely budgeted for their weddings but don't believe in an open-ended expense account. DW and I are frugal in some things and less so in others but one area we both agree on is not overspending on something that is over in a day or so vs. longer term investments (like help with downpayments on a home or saving for grandchildren's college, etc.).
We've set aside (inflation adjusted) $50k per daughter for their weddings. Since they're all established, working and out of the house (31F, 30F, 25F) and making very good incomes, we feel this is more than enough. Unfortunately, the wishes of one of them well exceed this amount and it's difficult to navigate. We live in a HCOL and things aren't cheap but there have to be some limits of course.
Curious about other examples and experiences you all might be willing to share.