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The one cost that most people failed to budget for: Wedding Gifts!

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.


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Thursday 30th of December 2010

Hi Drizzt,

I have set up a misc. fund in my monthly expenses for adhoc expenses like wedding.


Thursday 30th of December 2010

That's funny! Maybe create a "entertainment" budget? Chinese New Year coming too - more Ang Paos. I guess that's why people take CNY vacations!?

But some traditions are good to keep. I guess stick with giving from the heart; less about face.


Friday 31st of December 2010

I have a virtual envelope called "Gifts" so this goes under it and i fund it with $40 every month. Chinese new year is easy to estimate since you roughly can estimate the relatives. Wedding ang bao is another issue.


Thursday 30th of December 2010

Accept all except the ang pow is bigger or smaller nia.


Thursday 30th of December 2010

Such are part and parcel of life. If you own your own home, you have to budget for the possible accidental destruction of your furniture, etc. e.g. you accidentally choke your toilet bowl by flushing something that choked the U bend.

P.S. How did you do the nice pie chart graphic on the right side of the blog on Curr Div Stks?


Thursday 30th of December 2010

hi JW, i use excel then create a graphic of it. its tedious but hopefully i can do it every month.

bro soon you will be able to recurperate some of your "losses" heh.


Thursday 30th of December 2010

LOL, that is why lot of ppl wished ther are not invited


Thursday 30th of December 2010

thats not possible spidercrown! how to do that when you will only know when they call you up?

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