washingtonpost.com  > Business > Columnists > The Color of Money

Quick Quotes

Page 2 of 3  < Back     Next >

Many Weddings Go for Broke

Couples often feel obligated to treat their traveling wedding guests like royalty. Some couples planning destination weddings -- where they go to some exotic location to wed -- even offer to pay the travel expenses of some of their guests.

But is this money-wise?

__ Personal Finance E-letter __
Weekly Personal Finance E-letter Sign up for exclusive updates and tips from Michelle Singletary, delivered every Thursday.
Subscribe Now
See a Sample | E-letter Archive


_____Live Online_____
Michelle Singletary hosts bi-weekly discussions on personal finance issues, such as love and money and kids and finances.
Join The Color of Money Book Club
_____Column Archive_____
Bankruptcy Judge Takes Novel Approach in Warning Young People of Debt's Dangers (The Washington Post, Nov 18, 2004)
Material Girl And Boy (The Washington Post, Nov 14, 2004)
Read Michelle's Past Columns
_____Your Money_____
Plan Your Budget
Calculate Your Net Worth
Mutual Funds Report
Personal Finance Report
Track Your Portfolio
Calculate Currency Conversion
_____Investing Columns_____
Investing
Washington Investing
The Color of Money
Cash Flow
The Week in Stocks
Personal Finance Special Report
Add The Color of Money to your personal home page.

Before I answered David's question, I had a few questions of my own. I asked him:

• Can the people you're inviting, and who have to travel, afford to come?

• Have you talked to the guests who are coming, and do they feel that you need to feed and entertain them?

• What's your overall budget for the wedding (wedding gifts, rehearsal dinner, reception, honeymoon)?

• How do you plan on paying for the wedding (with savings, credit card, parents' contribution)?

Here's what David said. They are inviting 150 people but budgeting for 100. (Smart move. I am still steaming about paying for 25 guests who said they were coming to my wedding but never showed up).

Their total wedding budget is about $10,000, excluding the honeymoon.

The couple is confident that everyone can afford to travel to the wedding except for one unemployed friend for whom they plan to pick up the costs.


< Back  1 2 3    Next >

© 2004 The Washington Post Company