Anonymous wrote:As long as people cover their plate it is break even. Those parties are cash gifts only and traditionally a much larger gift than a communion or confirmation or baptism.
One kid I went to school with bought a condo cash in Manhattan at 30 with his money. Parents threw it in stocks and bonds and hit a good streak
Anonymous wrote:...as we've tried to save, I still feel like I need to pull money from my investments and/or savings accounts (not retirement accounts) to fund the event ...
So you have saved, you just don't want to spend that savings. There's no magic answer; you use up more of your savings or spend less.
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