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Anonymous
26F planning with my bf to get married at 30.
Just wondering if i should be saving the full amount this early vs opportunity cost of investing first and only after the proposal then put in a larger percentage of salary to wedding fund.
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Victor
25 May 2021
Financial Service Consultant at AIA
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Huang Yixuan
25 May 2021
Person at Seedly Community
My personal opinion: Save it up in a separate acc, dont use it for investing! Cause what if the market crash just after the proposal, and you suay cannot get married?
But of course, if you are intending to get married in 4-5 years then I think this is not a problem you can start saving a little later.
Another alternative I thought of is, you can think of what kind of wedding you want, Ideal, and Just Enough. Calculate how much you need for both, then you save up for the "Just Enough" wedding, and invest the rest of your $$. If you earn, then u can take out and splurge for your "Ideal" wedding, if not, at least you still have money for the minimal wedding! :D
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If u need to save for a wedding then maybe you should consider not having one. Spend on a home or renovation instead
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Just set a "wedding" investment fund on a robo advisor with a 4 year goal
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Robin
29 Apr 2021
Administrator at SG
Dollar cost average is a good and low cost method of investing that I personally used from the day I...
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Set aside early like an emergency fund