Saturday 8 December 2012

Does it make sense to spend lavishly on marriages?

Marriage is the most sacred relation in our lives. Most of us want it to be the most memorable one. People don’t care about their bank balances and are ready to pour in huge chunks of money to make it a lavish proposition. The argument that we most often hear is “Marriages happen mostly once in our lives so you really need to make it an eye-pleasing event”. Somehow I don’t buy this argument. Yes everyone want’s their marriage to be special but doesn’t mean that you get the liberty to spend whatever you like. Some people will even borrow a huge personal loan for their marriage. How logical is that?

Everyone agrees that there must to some prudent expenses going into any marriage. There are some things that we can’t go without. For instance sharing with your near and dear ones has to happen as a mandatory custom. But you really don’t need a luxurious marriage hall with glittering decorations, grand dinner, marvellous dresses that you will wear only once in your life and pompous ways of celebrations. Some people will disagree with me saying that this is a moment to enjoy and if our moment can be achieved through such celebrations then why not? Well I agree. If you can afford to spend so much for one moment and you have done your planning really well then no one stops you from enjoying yourself. After all it’s your life. But ensure that whatever you spend during weddings doesn’t affect your life after that. Don’t crib later that you don’t have enough money to pay your electricity bills and your kids’ education in a good school because you spend all that money on your wedding.

Six months ago one of my friends got married and he spent nearly 10000 USD on his wedding. Last month he was struggling to find finance to pay the EMI of his new home. How insane is that? If he could have spent less on his wedding then today he won’t have been any need to borrow money from others. But the problem is people think that they really need to show off during their own wedding. They think that this is the way of showing their monetary power. This doesn’t make any sense at all especially when you yourself have to struggle later on due the false & unneeded show off.

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