How did you save for wedding related expenses? I am able to max out my 401k this year, so should I still be contributing to an individual brokerage account?

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Assuming your wedding is soon or you at least have an idea of timing in the next few years, HYSA or maybe I-bonds. You want something safe and stable so you don’t lose value. Tough pill to swallow with inflation high but you need to protect money you need in the short term.

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The market is always uncertain, and investing in cash (above and beyond your short-term needs for your wedding) is a way to guarantee you don’t get the benefit of the recovery.

0% interest credit cards mixed in with actual savings. First time I’ve ever had debt that wasn’t my student loans but couldn’t have done it without them

Definitely move it to something liquid that you can reach soon such as HYSA. I don’t recommend going into debt or CC for a wedding since it’s something you can control and plan for. If you’re over investing in retirement, possibly slow down contributions if needed while you’re building muscle $$ for the wedding to ensure you have what you need.

It been awhile since our wedding but as soon as I proposed, we planning our own wedding and had a budget. The wedding date was set one year ahead. We saved a lot because we did everything ourselves. My wife had 3 awesome bridesmaid and I had my god-sister (who is in the restaurant business) to help. I took care of the venue, reception, grooms’ suits, videographer, photographer and dinner (for family, bridesmaid and groom’s men). She handled the flowers, cakes, gown, dresses and the guest list. All in all, we spent about $35,000. 175 guest at the wedding and reception (garden wedding) and 55 guest at the dinner (Texas de-Brazil). Some cash and some credit card but paid off all in less than 6 months. We both paid for our own money but as with Asian wedding, we got cash as wedding gifts. Since we told our guest no gifts, only family members gave us gifts of cash. We collected about 5% of the cost of the wedding.

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