Now, so many people started talking or commenting about it!
Uncle8888 blogged about it on Wednesday, 28 January 2009 when the Cake was not so Hot!
Sometimes, we do read about some couples that spent tens of thousands of dollars on their wedding, which when you boil down to it, is just one day.
Take it as experience from those have married themselves, it's not worth overspending on weddings just to have a 'perfect, once-in-a-lifetime' memory.
Because after all, when the wine is drunk and the guests have gone home, that's when your true marriage starts.How happy a marriage you will have depends on what you and your spouse do after the wedding day, not during
Of course, you need to spend for your grand wedding, the question is about no OVERSPENDING, period.
Do you want to read a book where Chapter 1 is very exciting and grand, and then followed by chapters after chapters full of struggling and missing opportunity of active or passive investing due to much smaller capital?
Your Marriage could be like climbing Swissôtel The Stamford hotel at 226 metres with 73 floors after your wedding night unless you are fortunate enough to take a LIFT (rich parents) up. But, not everyone is so fortunate to take a LIFT, and likely many will have to climb the staircases. So, do you want to load up your haversack with more loads to carry up with this climb?
Some indicators to consider whether one is overspending? Like any indicators, only you know it better.
Ratio 1: Total Wedding Expenses/Nett Annual Earning after Tax
Ratio 2: Total Wedding Expenses/Nett Annual Saving
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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