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Message
re: Saving for Future Weddings?
Posted on 5/25/24 at 9:03 am to Paul Allen
Posted on 5/25/24 at 9:03 am to Paul Allen
quote:
Instead of saving for the wedding use the funds for helping them with the down payment on their first home.
Why? What if he wants to host a nice wedding?
Posted on 5/25/24 at 9:52 am to PhiTiger1764
If we are being honest and consider this a true financial board then there needs to be some considerations of best use for any monies- probabilities should also come into his decision of what to do with the “extra” money.
Those probabilities are that statistics show that at least 50% of all marriages end in divorce.
With 4 girls that would mean at least 1/2 will get divorced.
Thus, a more prudent thing to do with this money would be split the money and future savings for weddings and going toward down payments of houses for the 4 of them.
Smaller scale weddings plus money for down payments. That’s what I would do.
Otherwise you have possibly pissed away money on weddings that 1/2 of which will end in divorce.
I would also gift this money strictly to my daughters and not make it a joint gift prior to the nuptials.
If possible, I would also try to get them into a house before they marry. That way that particular house is always in their name. They can always marry and keep their original house as a rental in their name.
Those probabilities are that statistics show that at least 50% of all marriages end in divorce.
With 4 girls that would mean at least 1/2 will get divorced.
Thus, a more prudent thing to do with this money would be split the money and future savings for weddings and going toward down payments of houses for the 4 of them.
Smaller scale weddings plus money for down payments. That’s what I would do.
Otherwise you have possibly pissed away money on weddings that 1/2 of which will end in divorce.
I would also gift this money strictly to my daughters and not make it a joint gift prior to the nuptials.
If possible, I would also try to get them into a house before they marry. That way that particular house is always in their name. They can always marry and keep their original house as a rental in their name.
Posted on 5/25/24 at 10:34 am to PhiTiger1764
quote:
Why? What if he wants to host a nice wedding?
waste of money and shite priorities.
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