My fiancé and I are recently engaged and beginning to plan our wedding (and, shortly after, purchasing our first home). I’m expecting we will pay for the wedding on our own - anything we do receive from our parents/family (if any) will be a bonus.
I will more than likely be contributing more to the wedding funds as I make more than my fiancé and have significantly less debt.
I’m currently contributing 15% to my 401k. I was wondering what r/personalfinance viewpoint would be on completely freezing or drastically reducing my contribution down to my company’s match. I would also like to save a little for a down payment on a house so we have something to work with after the wedding. I’m 26, so I figured slowing my 401k contribution now would be better than taking on debt to pay for the wedding.
Our wedding date will be somewhere between a year to two years, so we have a good amount of time to save. I’m really looking for constructive advice and any first hand experience anyone can offer. Obviously we know we need to define a budget, and we are currently working on that. I appreciate any insight.
Submitted August 28, 2018 at 09:27PM by Wasaabi21 https://ift.tt/2MZlvl2
