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Reply to "How much $$ are the Grooms parents expected to contribute to wedding costs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am the South Asian poster. We started saving for our own retirement and college for two kids - from our first jobs, before we even got married. It was forced frugality and in some ways, I resented seeing my money go in what seemed like the black hole of savings and investment. The whole paying for weddings, paying for 1st new sedan, paying for set up of first apartment and first professional wardrobe, helping with downpayment to first real estate purchase etc...this started happening when our savings and investments - compounded. All of these are frosting on the cake. The main investment was only for retirement and state college. [/quote] We are South Asians too with a 8-fig net worth, and have much younger kids (boys - 22 and 20). We are paying the usual - private college, setup first apartment, downpayments for car and house. No way am I spending $350K for a wedding though.. Maybe $100K each when the time comes? Not sure.. [/quote] These people are either trolls or [b]just really rich.[/b] I am also South Asian, we're not going to buy all this stuff for our kids, LOL! We'll pay for public college and help with grad school, if needed. We'll help when needed, but an adult should pay for their own apartment, car, etc., just like I did. I think my parents spent $25K on my wedding (not a three day affair [b]because I married a white man[/b]), and we'll help pay for a similar wedding when our daughters get married. [/quote] You got penalized for marrying a White man. And yes, you are not as rich as many South Asian. [/quote] That is gross. The immigrants just use money to control their daughters. [/quote]
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