Quote:
Originally Posted by disneysteve
One thing that hasn't been mentioned which I think is changing the traditional gift-giving habits is that people are typically getting married later in life. Because of that, many couples already have homes, cookware, linens, etc. They aren't starting from scratch like folks were years ago. Plus, people live less formal lives. Who uses china and silver and crystal anymore?
So I think we are stuck in the old traditions of wanting to give housewares and such when the reality is that more and more of the folks getting married are no longer in need of those items and would much prefer cash.
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This hits the nail on the head. My fiance and I will be spending most of our savings in order to have the wedding. Conservatively, we bugdeting $12,000 for the wedding (includes reception, chapel, hair/make-up, dress, limo, DJ, photographer, hotel stay, etc.).
My fiance is slightly older than I am and we would like to start a family not too far into the future, but we don't want to be in the house we currently rent when that happens. So we are looking at houses to buy, but with the wedding using up our savings it will most likely be a year to two before we have enough money saved up again for a downpayment.
That's were the cash would come in.
Having a "house fund" would allow us to move forward and start our family sooner than we would be able to do otherwise.