One of my very good friends is getting married in a few months. She’s having a very small wedding, and only a few of her friends from college were invited, myself included. Initially, I was very gung-ho about going. Then I started researching.
She’s getting married in a resort town over Memorial Day Weekend. The location was chosen because it’s a midpoint between her hometown and her fiance’s hometown. With layovers, the quickest trip for me will still be almost 8 hours. But that’s not the bad part. The bad part, as you can expect, is the price. After looking at the cost of flights and splitting a rental car (necessary in this town) and hotel room, and meals out, I’m looking at close to $1000.
I love my friend, but $1000 is a lot of money that could be spent elsewhere. I spent less than that for my entire trip to Hawaii last year (admittedly, I stayed with a friend, but still, it was a much longer trip).
Admittedly, a big part of my hesitation is also the travel time. Even if I go for a 4 day weekend, I’m still spending two of those days traveling.
I know that the couple understands the cost of the travel, and would understand if I backed out because of the price, but my friend has already asked me if I was coming, worrying that none of her friends would be able to make it. So I’m feeling a little bit obligated.
But $1000. I can technically afford it, but it puts a big dent in my budget.
She lives near me, so it’s not as if we never see each other. And only one of my other friends will be there, a friend who I will see many times throughout the year. So this isn’t one of those weddings that’s also a bit of a reunion.
I like her family a lot, and I’m sure the weekend would be fun, but right now, I’m really hesitating. What would you do?
Megan is a 30-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.