DAVE RAMSEY

Dave says: Wedding worries and emergency fund questions

May 7, 2024, 1:00 PM

Days says wedding worries should be last on the list of things to worry about...

Days says wedding worries should be among the last on the list of things to worry about. (Pexels File Photo)

(Pexels File Photo)

Dear Dave,

My wife and I have three young daughters. Is there a Baby Step for weddings? We didn’t see one in your plan, but I was wondering if it was included in any of the other Baby Steps.

Cedric


Dear Cedric,

This is a really good question. I’m glad you’re thinking about the future and planning accordingly.

I don’t have a specific Baby Step for weddings. If I did, it would probably come after Baby Step 5, which is setting aside a college—or trade school fund—for your kids. Maybe you could look at it as Baby Step 5b. Once you have retirement, education savings and extra house payments underway, you could start putting aside a little something for weddings.

Don’t get me wrong, weddings are special. You absolutely should mark these kinds of milestones with a celebration. But a wedding is only a one-day event. And to be blunt, a good education is more important than a fancy wedding. This idea may not make me popular with some folks, but it’s the truth.

Maybe this is the dad in me coming out, but if I had to choose between paying for more education and paying for big weddings, I’m going to pay for school every time. Besides, there’s no correlation whatsoever between the size and/or cost of a wedding, and the happiness and success of the marriage.

Good luck, Cedric!

—Dave

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Dave says: Wedding worries and emergency fund questions