.. to my friend Jodi’s blog, where I am guest posting about the economic costs of weddings.
Nothing to see here, move along…
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{ 2 comments… read them below or add one }
meh. The Opportunity Cost assumption there is that you would have that money outright if you didn’t spend it on a wedding. For us, wedding money was like college loans – it went straight from one pocket to another, and neither was mine.
My in-laws and parents both offered to contribute certain sums for a wedding – they were offering the cash contingent on the wedding taking place. So it’s more of a matching contribution thing. For every dollar we chipped in, they added $2.
Haven’t seen anyone offering my bachelor brother-in-law free cash yet, so I think your hypothesis is busted.
Glah. You’re right. The assumption of no loans is an important one that I didn’t point out. The matching contribution sounds like a really cool idea.
This is why I think wedding presents for weddings are stupid. Russians and, as Sophie wrote on the guest post, Israelis, just give cash. $200 per couple and now we are set for a nice downpayment on a house, not some piece of china