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Found 1 result

  1. @GreyMatter Salam Alaikum, Aight guys, real talk, get in here and advise please. I want to see logic in wedding expenses. Now every single thing in my life that I do, I always research lots before hand and commit to it when I see rationale and logic behind it. And for the love of God, I can't justify wedding costs. I am Pakistani if its relevant and my future to be in-laws are kinda elite and would like a good wedding. Good wedding is pretty $$$. Wedding is where I live here in Canada. Now profile time, when it comes to personal finance, I am responsible. I always pay my bills on time, I never incur interest on credit cards at all, and (try to) max my my RSP (retirement fund) and TFSA (tax-free planning) in investments. I work for financial markets/investments for a big bank, so I know all about the financial markets, trends and all the stock stuff. (I have asked all investment questions in personal meetings with Maulanas, so lets not diverge on the legality of it here) So I know finance. Now I spend a lot of money on leisure, sporting events, food, limited edition clothes, hype celebrity sneakers, I like fashion for some crazy reason and ship limited editions from all over the world - now I do save decent amounts. So I do spend on leisure, my leisure! Kinda living the good life within my financial limits, but living MY life, not for anyone. Also the millennial question, we are getting priced out from owning property in a major metropolitan city, student debts, times are hard compared to those our under 30 age in 70s, 80s, mid-90s .. etc, economically speaking. So while I put this out here, I can't justify spending on weddings. What's an event? $15-20k? or more? Like c'mon man, I cannot feed well-to-do family friends/cousins, do decor on the hall, give gifts to family and stuff when I am a relatively a new graduate in a decent working job. Mashallah my work and investments are doing decent, but I can't upfront all this money on a wedding, it doesn't benefit me, it benefits guests who I just meet once a year tops. Who cares about them? I rather buy a fun-driving car for that money, or down-payment some condo (still a stretch) for my long-term benefit than spend 15-20k on ONE NIGHT! Q1) How much was your wedding out of your or your parents pocket? What is considered or below-averge a normal wedding? Please tell me what the costs are? Q2) People will talk, who cares, not me, I would rather have a decent bank account than to spend that no guests, as you know, today's economical climate doesn't justify spending 20k for anyone under 30 unless someone's parents are ballers. So tell me, is my rationale correct, what should i do? Any advice is good advice.
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