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Money and Finances
Reply to "Great aticle on how middle class is struggling and not saving enough"
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[quote=Anonymous]re: weddings: My dad told us all that he would give us each the amount allowed under the gift tax threshhold. When my siblings got married, that number was $12K, so he gave them each $12K toward their weddings. When I got pregnant at 35 and realized i was likely to never have a wedding, I asked for and got the same amount. He set us up with reasonable expectations for an amount he personally could afford without affecting his own retirement. I told my daughter that I wouldn't pay for her wedding if she was younger than 25. I figure that gives me 3 years after she graduates college to save up. I won't give her a blank check, though - I might do what my dad did. I hope I'm saving enough for retirement and saving enough for college. Hopefully she'll get a bit of scholarship money and not choose a crazy expensive school. Hopefully her dad will help out. [/quote]
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