I wonder if you guys have this problem. Some of you diligent folks would have a splendid budget plan like the one I use here. But my question is, do you budget for Wedding Dinner Gift Money?
I assume a lot don’t! Simply because you really do not know how many of your friends will get married this particular year.
The current prevailing market rate is near SGD120 bucks. And this is one cost that will go up with inflation.
Its better if you will get married soon, because you get to “recover” some of these cost.
But if you are single, you are in a death spiral because you will just end up giving and giving.
But I realise that there is an even worse group: the managers! Imagine you manage a group of 20 something or you are in a senior manager role and a lot of your subordinates invite you. Chances are, you must give enough face thus your Ang Bao would be more than the average.
This whole once in a life time elaborate ceremony places stress on the couple as well as the guest at the same time.