Perspective: Stop with the destination weddings.
Many wedding celebrations have become about how far away you can drag your poor relatives and friends to watch your nuptials. It's all about the scenery and pageantry — the more viral-worthy the better. By Michelle Singletary Michelle Singletary Personal finance columnist Email Bio Follow Columnist April 25 at 2:54 PM I won’t go. Period.
We want to come and celebrate your union, but must we raid our savings and use up our own precious vacation days to party with you? Frankly, your “big” day is costing us too much money and time. I've worked with hundreds of people trying to clean up their finances, and I have found that a lot of the debt they've accumulated was the result of spending to please other people. Parents raided their retirement account or took out loans to pay for or to attend a wedding. Others added to already overwhelming credit-card debt to avoid being seen as putting money ahead of a relationship.
A separate 2018 Bankrate survey found that guests attending a wedding of a close friend or family member spent an average of $628, including the cost of associated festivities, travel, attire, and gifts. If the courageous admit they don’t want to spend that much money, they are labeled as being “cheap” or “selfish.”
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