Bridal Baby Step
Carrie three daughters under the age of 5. What Baby Step does Dave recommend throwing money in a savings account for their weddings?
QUESTION: Carrie has three daughters under the age of 5. What Baby Step does Dave recommend throwing money in a savings account for their weddings? Dave says education is more important than wedding, but if he had to put it somewhere, he would throw it in Baby Step 5.
ANSWER: I have not put the weddings into a Baby Step. This may sound like a dad and not a mom, but if I have to choose between paying for their college and paying for a big wedding, I’m going to choose to pay for college.
Weddings are wonderful, and our daughters had fabulous weddings. They were huge parties, and we had a blast. We believe in marking these milestones with celebration. All of that is there, but it is a one-day event. There is no correlation between the size of the wedding and the success of the marriage.
All of that to say, it might not be popular with some little girls, but education is more important than wedding. Anyone who disagrees with that is kind of a twit. I’m going to do education funds first. That is Baby Step 5. Once I’ve got education underway and retirement underway, and we’re paying extra on the house, then if you want to establish some additional savings to start moving toward weddings … at that point, I would. But it would be after Baby Step 5 because I’m going to put education as more important than wedding.