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Parents often overspend on wedding expenses for adult children

150664177 Croix Advisors in Hudson, Wisconsin. But with the average engagement lasting more than a year, you could comb through your budget to see if there's room to save a little with each paycheck. "If it's really important to have money for the wedding, then this is your opportunity to cut other things," he said. But if you're pledging money you don't yet have toward the wedding budget, make sure that goal is reasonable and attainable even if a financial emergency arises, Anderson said. You don't want to be in the position of damaging your own finances to keep a promise — or your child's, by failing to come through. "If it's really important to have money for the wedding, then this is your opportunity to cut other things." -Brett Anderson, president, St. Croix Advisors Make sure you and your spouse are on the same page about your wedding contribution and limits, said Anderson. Weddings can trigger a lot of emotions, he said, and it's not unusual to see one spouse overspending. Wedding experts typically advise engaged couples to reach out to family early in their wedding planning process, to see if they are able and want to provide financial help. Don't wait.

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