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Reply to "Weddings are horribly expensive "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s fine.[b] It’s once per person per lifetime. [/b]I only have two kids by choice and I will spend on their weddings with pleasure.[/quote] A wedding is a once in a lifetime experience, or an [b]expensive [/b]wedding is a once in a lifetime experience. My brothers first wedding was the fanciest wedding I'd ever been to. Eight years later I attended his second wedding. It made the first wedding look like rice and beans. I'm all for spending whatever you want on whatever you want, but the "once in a lifetime" justification makes zero sense. There are so many things that only happen once in a person's life. First day of first grade. First day of college. First day of a first job. Lots of first. You know what you can benefit from every.single.day? Graduating from school debt free. A down payment for a condo/house. It doesn't make a great Hallmark card but [b]get yourself in financial order first, then throw the fancy party for your friends. [/b] [/quote] I agree 100%. Indian parents try and help their children with the following within their own financial means - debt free college, first new car, Indian wedding, down payment to first home etc.. This does provide a financial leg up to the children in very significant ways. Of course, the children are expected to pay it forward to their own children. However, like most parents, Indian parents too need to be in the position to help their children financially. No one is jeopardizing their own financial well being and retirement to throw their kids a huge wedding. I will say though that culturally Indian parents operate with the assumption that they will be paying for or helping their children with college and wedding, and that really informs their spending and savings. If you know that you are cutting loose your kid after 18, you live your life very, very differently and you will also parent very differently. [/quote]
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