How to Approach Wedding Costs and Gift-Giving Budgets

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 25 September 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn methods for planning a wedding that makes sense for your budget, then hear how the Nerds think about gift-giving etiquette. 01:12 This Week in Your Money: Get an inside look at the latest trends in wedding planning, as Zola.com Director of Communications Emily Forrest joins host Sean Pyles to discuss findings from a recent survey of more than 2,000 American adults. They discuss the financial challenges many engaged couples face during the wedding planning process, ways to prevent money matters from being overlooked in pre-wedding conversations, and tips for initiating these critical financial conversations. The discussion then moves on to the wedding budget, with Emily offering her expertise on using a budget calculator to estimate expenditure and strategies for cost-cutting without compromising the wedding experience. Emily also addresses the reality of a “wedding tax” and how to think about the costs for your special occasion. 18:22 Today’s Money Question: NerdWallet’s Liz Weston and Kimberly Palmer join Sean to discuss how to navigate the pressures of gift-giving, managing expectations for birthday party guests, and the art of selecting the perfect present that strikes a balance between thoughtfulness and price. They explore the complexities of gift-giving culture, including what to anticipate from gift recipients and how to avoid feeling obligated to spend money. They also offer a fresh perspective on how you could choose to opt out of gift-giving culture and instead focus on the celebration itself. In their conversation, the Nerds discuss: wedding budget calculators, financial conversations, gift-giving, wedding costs and surcharges, personal finance decisions, cost-effective weddings, wedding gift options, budgeting tips, gift-giving culture, birthday party gift etiquette, and party planning tips. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
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0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:29.8	We're in the middle of peak wedding season, but wedding planning season is always underway.
0:35.4	And with planning a wedding comes a lot of choices, who to hire,
0:39.0	where to host the wedding, how many people to invite. So in this episode, we'll walk you through
0:43.8	how to make smart financial decisions for your wedding. Welcome to Nerd Wallet's Smart Money Podcast, where you send us your money questions and we answer them with the help of our genius nerds.
1:05.8	I'm Sean Piles.
1:07.6	So this is a show where we nerdy people answer our listeners' money questions on everything from how to buy a car to other budgets are really necessary.
1:16.8	And this means, listener, that we want to answer your question.
1:20.3	And we want to hear from you, literally.
1:22.5	So consider leaving us a voicemail on the nerd hotline or emailing us a voice memo at podcast at nurdwollet.com.
1:29.4	You can leave a voicemail or text us on the nerd hotline at 901-730 6373.
1:35.1	That's 901-730 NERD.
1:38.5	You can also email us at podcast at nerdwollet.com.
	...

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