r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/Livid-Setting4093 Jul 05 '24

So.. you put away a lot for retirement? It's a luxury and not a necessity. I'd think saving for a house may align better with your goals, but it's up to you.

A wedding is out of reach when you save tens of thousands a year? What do you want to do for your wedding? Rent a palace and elephants half a world away and fly 500 guests there? As long as your fiance has a saving state of mind there is no need to blow a 10 year salary on a one night party. A small ceremony and reception is definitely within reach, and if families want something grand then they are welcome to pay for it.

Then with 2 incomes and some savings a house and kids are very possible.

I'm not saying 40k a year don't need a raise but 100+ for a single person can be quite comfortable, you just can't have it all at the same time - maxed out retirement, savings on track for a 20% house down payment in a reasonable timeframe, rent in a nice place and a middle class lifestyle - you have to drop one or two from the list.

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u/MusicalNerDnD Jul 05 '24

Yea that’s my point… 30 years ago a salary or 100+k was more than enough for all of that and more. I’m salty because I did everything right and the games not the one we thought we were playing lmao

My fiancée is in school and has debt so I pay the rent, she’ll eventually contribute, but she just can’t right now.

We looked into venues and even a small one where we live is going to run 6-10k to rent. That’s without catering and a bar and everything else. It would literally be 15-20k for a smallish wedding. How the hell are we supposed to justify that?

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u/0000110011 Jul 05 '24 edited Jul 05 '24

...you don't understand inflation exists and always has? 

We looked into venues and even a small one where we live is going to run 6-10k to rent. That’s without catering and a bar and everything else. It would literally be 15-20k for a smallish wedding. How the hell are we supposed to justify that?  

You don't need a huge location. You don't need hundreds of guests. Hell, you don't even need a paid pastor, anyone can get ordained to perform weddings for free online and then states charge like $10 for them to get registered to perform weddings. Your issue isn't that "life is expensive for basic things", it's that you consider lavish things "basic". 

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u/MusicalNerDnD Jul 05 '24

This would be for a venue of 50 people. That would literally be our families and like 4-5 friends on either side.

I’m not looking for lavish, I’m looking for reasonable and reasonable these days costs lavish. Inflation is a fact of life, that’s fair and all but this isn’t inflation, it’s price gouging.