The average cost of a wedding in 20 19, according to the knot, was 28 thousand dollars. In 20 20, that went all the way down, paula, to 19 thousand dollars. It depends on exactly what your values are and how much you value your guests not having to pitch in at all is probably pretty important. If you don't think it's very important for you, then I don't want it again when my sister gets married.
#350: Anonymous and her husband have set themselves on the path of saving for retirement. But an old mistake haunts them: a financial planner convinced them to buy a mix of whole and term life insurance, which costs them $700 per month. Do they need whole life insurance, and where else can they save their money?
Mike has $60,000 in cash earning one percent interest. He has plans to buy a home and get married in three to five years. Where else can he put his cash to earn a little more? Is the stock market too risky for such a short time horizon?
Anonymous and her future husband are wondering: what’s a realistic amount to spend on a wedding?
My friend and former financial planner Joe Saul-Sehy joins me to answer these questions on today’s episode. Enjoy!
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