We recently started following your plan, and it has made a huge difference in our financial outlook and our marriage. When it comes to the Baby Steps, when do you recommend setting aside money for a wedding? We have a daughter, and we want to be able to do as much as possible for her when the time comes.
That’s a good question. There’s not really a Baby Step specifically for weddings. In my mind, it should probably come after Baby Step 5—setting aside a college fund for your kids.
Maybe part of this is the dad in me, but in prioritizing these things I think a good education is more important than a big wedding. Don’t get me wrong, a wedding is a wonderful event and cause for lots of joy and celebration. But it’s also a one-day event. Plenty of people have inexpensive, beautiful weddings, and enjoy long, wonderful lives together!