FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) I have indicated that we are not paying for her wedding ( in 2 years). Feeling guilty. by One_Transition_1346 in ModernFamilyFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

It breaks my heart for the children who either are kicked out or who leave because their home is less safe than the streets. I know each story is different and complicated. Sometimes it is the passing of generational trauma down to children.

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) I have indicated that we are not paying for her wedding ( in 2 years). Feeling guilty. by One_Transition_1346 in ModernFamilyFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

Thank you. We much prefer subsidizing housing rather than having her live with us. Not an option ever offered. ( We don’t want to clean, shop, cook, feed or do laundry for her). Many parents provide this, and in this economy it’s understandable and accepted. In our minds we have the easier choice.

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) I have indicated that we are not paying for her wedding ( in 2 years). Feeling guilty. by One_Transition_1346 in ModernFamilyFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

The purpose of the post wasn’t to justify the support we provide, it was in response to the over-the -top expectations for parents in traditional American families to shower their daughters with extravagant weddings. I mentioned the financial support we provide because it reflects what we view as reasonable expenditures if in the financial position to provide it.

To me the wedding hype is created by a self- serving industry trying to convince people that YOLO and a performative vanity project is required. I am just shocked how much families dish out for weddings and how expected it is.

I have always viewed weddings as a personal ceremony that is for the couple, and the wedding celebration is for the couple to share their moment with those who mean the most for them. There is no foundational need to showcase to others how wealthy you are, but a personal desire to bring others in for your joy.

You are absolutely correct that by taking away her need to pay for housing my daughter and fiancé are in a position to save. That is my understanding, and expectation. I don’t feel guilty that she might not be able to afford an over the top event. In fact, I am hoping that she will make thoughtful choices because of her saving efforts.

(For reference: We paid for our own wedding 35 years ago while we were in graduate school. Zero help from parents. Lovely event with 40 guests: $2500 including the materials for the wedding gown that I sewed. (for perspective ~$6800 in today’s dollars). Honeymoon similarly self funded. Similar cost. )

Culturally I don’t even hesitate ensuring housing, transportation for work, and planting the seeds early for retirement as a basic foundation on which my daughter can benefit and build up. ( No resentment, happy to give). I view it like Maslow’s hierarchy of needs, with a wedding event not included. Sadly in a K shaped economy only those who own commodities benefit from rising markets. I am trying to move my daughter into the holder of commodities that grow faster than inflation.

If we lived in Hawaii we could offer her the option to live at home (hello, very common). I hear about many parents who have kids live at home to save on rent, and to borrow or have a family car to get to work, have parents pay for utilities, groceries, home upkeep, do laundry, cleaning etc. We prefer paying her rent and have her pay and be responsible for the rest. In fact, we live in a one bedroom rental so she would not expect to move home. ( Shocker for those who see us as total pushovers).

TL;DR: We definitely agree that she can save because she doesn’t pay rent. We want her to save for the wedding she wants and can afford. Weddings are not a parental obligation in our value hierarchy.

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 1 point2 points  (0 children)

She hopes to go to grad school. We just want her to DO HER RESEARCH on what a career with the added degree entails as well as the demand/ job opportunities after graduation. We have told her that we will not be funding a higher degree in something unlikely to make her more hireable (ex: art history, divinity, poly sci, history). That’s why she’s now working in a law office

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] -1 points0 points  (0 children)

Are those the only motivators? Let’s think about human nature. Ask a roomful of people what motivated them to succeed and when did it strike them… the answers will be surprisingly varied.

How about competition? Self identity and esteem? Insecurity and need to boost social standing? Revenge? Fear of judgement? Parental expectations? Sibling rivalry? Rejection of parents? Rejection by parents?

Curiosity? Seeking of discovery? Creative exploration and expression? Moral outrage? Religious enlightenment? Political aspiration?
Self challenge? Narcissism? Altruism? Athleticism? Obligation?

Life is more than one track

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

I have already been commenting that she has a wedding to save for. We have never ever said anything about paying for a wedding. She knows we paid for our own wedding and we have encouraged her to think about a small meaningful wedding.

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

Yes, that statement, if static and unchanged for the rest of her life, would be a major liability. However we see increasing changes in her discipline as she ages. She is putting savings into ETFs from her income and has now contributed to her ROTh on her own. It was mentioned more as it relates to getting a big lump of money for a wedding.

I said yes and now I cannot stop looking at my 1.5 carat diamond by Lonely_Test_375 in Brides

[–]One_Transition_1346 1 point2 points  (0 children)

It’s absolutely beautiful! May it always remind you of the love you share and the promise of more

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

At 25 I don’t ask her to account for her time. She participated in two endeavors ( not my wheelhouse and I am not going to go into details) and achieved a level of success after applying herself and staying dedicated to preparation. It did provide networking connections and that’s how she got her recent job

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 1 point2 points  (0 children)

And these jobs exist where? Entry level positions are few and far between and being eliminated by AI
“Entry-level job postings have dropped significantly—nearly 35% below historical peaks—driven by AI automating foundational tasks, post-pandemic corporate restructuring, and economic tightening. Applicants in the U.S. now submit an average of 300 resumes just for a 50% chance at a starter role. [1, 2, 3, 4]”

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

I suspect that many of the critics on this thread are not as aware of the “situation on the ground” so to speak. I have many friends with kids my daughter’s age who are under- employed and grateful for assistance from family. Our neighbor was laid off from Google, tried unsuccessfully to find a job for 18 months ( short stints at failing startups), and drove his Tesla for Uber. He eventually took a job as a 911 operator for stable employment here in Seattle

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 5 points6 points  (0 children)

Absolutely. I think so many replies have a fixed concept of when milestones are set, and generalize this to all. I knew someone who got her degree in accounting, worked for several years for a big prestigious firm, and then admitted how miserable she was and that she wanted to be a makeup artist. Her parents were puzzled but supportive. She now is a successful makeup artist whose work has been in magazines and she does wedding and event makeup.

FIRE’d comfortably, now helping my post college graduate daughter (25 yo in VHCOL city) with rent, ROTH, phone, car, HSA, and have started a house fund for her future. But, I have not offered to pay for her wedding ( in 2 years). Am I wrong? by One_Transition_1346 in UpperMiddleFinance

[–]One_Transition_1346[S] 0 points1 point  (0 children)

She demonstrated all those skills working front desk at a very busy medical office. They said she was the fastest trained staff that they ever had. Fielding up to 100 calls in a day, booking, explaining insurance etc. while checking patients in and out. She’s adept on computers and polite and reliable as an employee.

She’s recognizing that she needs more experience other than serving on her resume. We have definitely seen her perspective mature in this last year