Ask Paula: How Much Should We Spend on a Wedding?

Published: Nov. 23, 2021, 9:40 p.m.

#350: Anonymous and her husband have set themselves on the path of saving for retirement. But an old mistake haunts them: a financial planner convinced them to buy a mix of whole and term life insurance, which costs them $700 per month. Do they need whole life insurance, and where else can they save their money?\nMike has $60,000 in cash earning one percent interest. He has plans to buy a home and get married in three to five years. Where else can he put his cash to earn a little more? Is the stock market too risky for such a short time horizon?\nAnonymous and her future husband are wondering: what\u2019s a realistic amount to spend on a wedding?\nMy friend and former financial planner Joe Saul-Sehy joins me to answer these questions on today\u2019s episode. Enjoy!\nDo you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we\u2019ll answer them in a future episode.\nTo subscribe to the show notes, go to https://affordanything.com/shownotes\nLearn more about your ad choices. Visit podcastchoices.com/adchoices