CNA | Talking Point | E16: Are we spending too much on weddings?
HTML-код
- Опубликовано: 27 июл 2024
- A Singapore study shows that almost a third of couples spend more than what they budgeted for on their special day. Are we spending too much on weddings? Talking Point investigates.
About the show: Talking Point investigates a current issue or event, offering different perspectives to local stories and revealing how it all affects you.
Full playlist: • Talking Point
For more on our long-form documentaries, head to CNA Insider: / cnainsider
Subscribe to our channel here: cna.asia/youtubesub
Subscribe to our Telegram news service: t.me/cnalatest
Follow us:
CNA: cna.asia
CNA Lifestyle: www.cnalifestyle.com
Facebook: / channelnewsasia
Instagram: / channelnewsasia
Twitter: / channelnewsasia
If you want to splurge on a fairytale wedding, its your money. But don't expect your friends and family to cover the cost with angbaos
Also, how manhy of the relatives or friends will care if it is a lavish wedding. They probably will talk about it for 10 minutes but the couples will have to pay for it for years. This seems to be an attention and validation seeking exercise for the couples.
Aware of it lah😄
😹😹😹😹:
Hahaha ... It is true that this is an event that is only supposed to happen once in a lifetime ... But I do not think that spending a fortune will make this day something more beautiful or more solid, like family or friends, monnaie, it may be a solution as a problem, and it is the years, the times that give meaning to certain words and actions. It is a moral contract between two people and those around them to get the best rather than the worst ...
The more fairytale the wedding, the less you should give in the angpow because they are too rich to need big angpows.
Correct. 100% agree with Tommy
This is a grown up version of peer pressure.
so is new iphone every year. lol
You got the point
My daughter got married last month. Due to go vid pandemic, I was not able to hold a wedding reception for her.
Initially I paid deposit for a hall. But as the raging Co vid shows no sign of receding, the govt decreed that no wedding reception to be held.
So the solemnisarion was done in Pejabbat agama.
Then my son in law family came to my house for a small reception
i'd rather splurge on the honeymoon. why waste it all for one day to impress people you rarely meet anyway?
You're right
I rather spurge it on the days for future house expenses or day to day after wedding
@@haliridzkin5745 even better! but imo still nothing wrong with spending a little more on your honeymoon instead of the wedding to make your spouse happy - one of the purposes of marriage in itself lol
@jyuean That's olden day tradition, nowadays people don't even want to talk to the boomer generation. Only those people who want to satisfy family members will cave in and have an expensive wedding. Otherwise, most couples will know to save money or spend it on something else.
i would also splurge on the honeymoon too. take the opportunity to do a full round trip across US or europe rather than just visiting 1 or 2 cities at a time.
My girlfriend was asked the question about what is the most important thing during your wedding day.
She replied: "The person I'm marrying to."
Just hearing her say that, I know I'm blessed. 😌
ClearlyMAD I think your gf might be a guy
@@tianmu5507 🤣🤣
You are truly blessed man.
Just hearing her say that, you know you want to give her a lavish wedding that she will never regret right? Right??
Even if it cost you a fortune right?
The idea of a wedding gives me anxiety because I prefer to stay out of the spotlight.
It all boils down to the saving face culture especially among the Chinese Singaporeans. A successful Marriage is not defined by how grand the wedding is
Not only Chinese...other races too...saving has nothing to do with race....
Kiasu culture!!! 😂
@Gap I reckon it is not possible to recoup most of it. The weddings far outweigh the hong paos I imagine!
Ikr singapore so small , it’s not a village like mainland China anymore now still got what dowry and gold some more? Daughter will run meh
I wouldn't pay so much to impress people who ultimately don't really care. A wedding banquet is an event and any person will be invited to a few in their lifetime, which hardly makes it unique despite how they might think. The guests aren't the couples' fans, and these ordinary folks are not some entertainment industry idols, so why is a special day for 2 people turned into a circus show? Or are we so judgemental that we cannot even accept our loved ones for who they are, celebrating their love and commitment to tie the knot simply without the theatrics and 'face'?
Please also do coverage for cost of divorce per married couple in Singapore. Looking forward to it.
So bad. Hahaha
Way too expensive, costs 50% of your entire assets. Jeff Bezos can testify to it. 🤣
This is why you don’t tell your love ones ur loaded. Just keep your big mouth shut. As my mentor always said, ‘Silence is golden’.
And only the big guys out there know how and when to keep their big mouth shut.
Hahahaha true..after wedding alot of couples argue about financial expenses that lead to divorce. For a day of show, a lifetime of fustrations and arguements. Be wise. Work within your means.😉. Dont be fooled by insta shows and impress ppl becos what goes on behind the scenes when all this show is over leads to financial issues,arguements and divorces. Thats why the divorce rates are the shockingly high like tap water gushing out. Pls wake up and be realistic
😂
Ultimately if you have the money, no issues going with a big wedding. Really depends on what you value.
People get the misconception that the guests actually care about your wedding. They don’t, except your parents.
If you have a hotel wedding, no offense to those who do, it’s going to be a generic wedding that’s going to be so forgettable because hotel weddings are so typical regardless of what performance that is put up. The only weddings I remembered are a ROM at a church, and a wedding dinner at a civil service club hall. (I’ve poor memory)
Best bang for the buck really is to use the money and go for holidays, honeymoon. The memories from the holiday will be more memorable and last longer compared to those from the wedding where everything happens so fast. If you save $10K from a wedding you could go for so many holidays!
Borrowing money for a big wedding is just silly.
I go for the Suckling Pig, not for the Wed. :D
most of the reason for this couple to spend on lavish wedding is "I want people to remember it". Realistically, people don't even cares about your wedding.
Divorce rate is around 33%.
Someone you know is confirmed divorced before or currently divorced. My advice is pls pls spend within your means and don't take loans. Save the money for your house, renovation and for your child.
Lastly, does the market rate wedding ANG bao matter? No. Just give what you can afford.
Don't lidat la. i only attend weddings of friends that are worth it. And to bless them I also hope to cover their expenses. My advice, if you're not close enough to want to at least cover expense for them, tell them you're not going. rather than go and then bao so little.
A good man is priceless. An expensive proposal or wedding is useless.
A wedding vow comes from the heart not how much money you spent to satisfy your spouse.
@@clementwang7097 I mean that's already a red flag
I honestly don’t like public proposals, they are scary 🤦🏻♀️
Me too. I l prefer a private proposal. Its more intimate.
Public proposal?
Like kneeling and ask the girl to marry you?
Imagine what a moron you would be if she turns down your proposal in public
My husband proposed me with a ring at a place just he and myself. We celebrated our wedding at a buffet restaurant with 30 close family members and friends. We are happily married since 2011. The most important thing about wedding is to marry the right person.
Really sad to start a marriage with debts. As if the renovation, house loan are not enough. Still remembered a local couple spent $100,000+ on wedding and nearly ended up divorce. It's reported in the news.
Yup.
No point being saddled with debts just because of wedding reception.
Just hold a reception according to your budget.
And nobody would say about a small reception.
People are preoccupied with their life and they have no time to talk bad about uou
the last couple is the winner! cheers!
My daughter asked how much I’d saved for her wedding. $40,000 USD. Not a penny more. She said there was a parcel of 500 acres of land where they wanted to build a home. She asked if she would buy the land, get married on the land and have a modest ceremony. That seemed a much wiser use of her money. It was a lovely wedding and now they built their home, paid cash and they own a great piece of land.
That's very sweet. We share different culture in Singapore tho. Usually its the couple that save up themselves and paid for their own wedding or took loan. The collected gift's money(Red packet with money known as Ang Paw from guests) would have a portion given to the bride's parents as an appreciation of raising the wonderful child and the rest of the portion would then be used to settle the banquet bills. Paying for child's wedding isn't a common practice here. But I heard China have the whole village of relatives to raise funds to play for the couple's lavish wedding of days of long feasts. Now that's really isn't practical.
spend so much for this 'once in a lifetime event', which 95% of the invited guests would have forgotten about it in a few months time, and 80% of the invited guests wished you hadn't invited them so they didn't have to waste money on a red bomb and their precious time which they rather spend sleeping at home. very worth it indeed.
The worst is traveling to a wedding and never saying more than a few words to the bride and groom.
What is a "red bomb"?
Ikr $200 per Ang Pao is crazy
Let me give you guys my budget,
Wed band 700
ROM registry 100
Most expensive part of my wedding is the time spend to go down to ROM which is 1.5hr
Please consider including Malay and Indian couples too.
Wedding is about the future for a new couple. Save the money for more important things is wiser.
Hedonistic lifestyle, don't buy lifestyle that u can't afford.
Think about it, it's about wedding or marriage?
It’s about showing off 😅
Yoga Wan Will Pacify your Chaotic Married live
@@PP-vf1kx my married life is happily ever after. Got house, car and no debts.
I only spend around 5K for close friend and family for dinner.
During this covid pandemic period, It's a blessing in disguise for those who don't want to splurge on their wedding dinner. Many took the opportunity to skip this & just underwent customary tea ceremony.
What i learnt from going to 20 years of weddings: 1#Never give too much Hongbao to your close friends and family. When its your turn to marry, the same ppl will only gift you back half the amount due to life expenses such as mortgage and kids. 2#People are there for the food. 3#Weddings with no alcohol is a very boring wedding hahahhaaa 4#When the bride and groom are smiling and having a good time, the guests will too!
no wonder there are ppl who avoid wedding invitation like a plague..
Ahah, I am one such person
true. my mom had big social circle and in wedding months, she could get like 3-4 wedding invitations per week end! imagine the money she has to spend for ang bao and the time!
In the past, couples married within their means, and wedding angpows are meant to give the young a couple a financial foundation to start their married life with
Nowadays, wedding angpows are factored in when counting the cost of the wedding itself
CNA can you do coverage of other weddings as well ? SG while majority Chinese has other races as well. Every single couple featured were Chinese. What about the cost of weddings for other races ? Are they also bucking the trend of increased spending?
I am a Malay.
Malay wedding is cheaper.
But of course there are many Malays splurge on wedding.
But generally it is cheaper.
Partly due to our religious belief that Islam forbids wastage and showing off. And not to mention is the principle " religion is simple actually"
You know it's too expensive when Rai's eyes get bigger lol
The wedding experiences that i talk about till today are those filled with joy tears, heart, feelings and sincerity, not the ooomph and poomph of any luxury whatsoever.
the last wedding looks cool and fun ! money better off spending elsewhere (like home , travel, kids)
Jordan.. The expression on my wife face money cannot buy.. Ironic statement because money made it possible
Wait till you see the face when she finds out how much it costs.
omg yaaaa!!!
Ahhh thanks CNA, I'm 21 with a +1 and we like many others have talked abt our future as a couple, we finally stumbled upon this informative video!! Thanks! Guess my comment can be added into your research as well:)
Win for the last couple. Their wedding seems fun. In the end, that's all that matters.
I went back to reservist. Heard a mate complained he is gonna use 70% of his hard earn life savings on his wedding. Pleasing his parents,relatives. Put on a show. Seriously think hard about life after wedding. The house expenses, kids, health,education,work and most of all working in singapore is already hard enough. Live simply and be happy. No wonder the rate of divorces are shockingly high. All this wedding packages, movies,advertisments are there to fool people. Be realistic and be simple😉 nobody cares after that what happens. But the most important is a healthy and financially strong family
70% ? Really bad financial decision
After divorce, everything down the drain and throw away
How can that women let her fiance's hard earned savings for a mere quick wedding ceremony...
Is more of social pressure to not get 'look down' for being cheapo :/
ur so right and to show off...but they give lots of BS reasons lol
This all happens because of the pressure of social media. Wedding is just a celebration. It's the lifetime marriage that actually matters. The eagerness to make the marriage work for life is what we should be investing. Not these glitz and glamour etc.
I think I have been kind enough to give angbao based on the market rate. But that does not mean couples should just opt for an expensive venue and expect the angbaos to cover your expenditure.
my friend's wedding,
Wedding car (rent from JB)
Wedding Photographer - from Friend, (paid him red packet $50) for the day
Wedding Suit for groom, rent from JB
Wedding venue - Poolside at a Hotel in Joo Chiat area
PA system for wedding - nil (used a $100 Hi fi system from Courts)
Used self service buffet for wedding dinner instead.
I applaud him for his budget wedding which he saved the money on lavish weddings, and went on a trip instead.
I spent $1000 on my wedding and still feel it was too much.
Please, that's better than these imbeciles spending SG$100K.
Lakshmi Kimmu it also depends on your financial status and spending power. There’s no right or wrong.
At least u can retire without regrets
@@123samanthastar more like getting married without regrets
The wedding I will remember as a guest is definitely the last one. Looked so fun!
I had my wedding in a rather budget setting. A normal restaurant, ask my neighbor to drive and using his car. His wife, my wife's bride maid(they are damn nice people, deserve praise and heaven's special care). Everything simple. 13 tables of banquet. We had no stress paying the bills and we don't need our guests/ relatives to burden the bills. That's self worthy wedding you can face heaven and earth proudly. We used the Ang Baws and went on a Finland 10 days Aroura chasing Trip and still got some to top up on the new house expenses. We didn't even need to take a loan or deplete our savings down to 4 digits. A dream wedding? Something that don't give you nightmares after waking up is the REAL DREAM WEDDING...
My wedding costs 5,000 NZD. It was my fairytale wedding with 80 guests. I did not ask for gifts, instead I just asked for their help with the preparation and everyone definitely helped.
My wedding reception cost me few thousand Ringgit Malsyia.
And it was attended by my neighbours, relatives, friends. Around 1000 people attended my wedding reception.
I paid for the catering, tent.
right. My mom has a big social circle back in Indonesia. In the “lucky” months (after august till chinese new year), she could have 4 wedding invitations in one week end! It is exhausting and cost a lot too in the end (you are expected to bring gifts, and mostly stated they expect cash). and you can’t expect her to enjoy or to remember each wedding of the children of her friends anyway. My point is, not every guess enjoy your wedding 😂😂😋😂😂 .
All this is really an extravagant show. And so much for the concern about the carbon footprint on the climate!
Wedding price surpasses our expectation. I often image how I can do for my children by using this money.
I hope you all will focus on the marriage as much as your 4 hour of wedding bliss. The marriage is the most important part Many couples fight over wedding loans... and eventually divorce.
Yes indeed going for a wedding dinner is a darn expensive thing
16:00 "you can't buy with money" , you just spend over 5 digits, that's not money? Ironic...
Meanwhile his pant for interview is quite pathetic, 😁
The question was why? The answer is because people (worldwide due to social media) are increasingly superficial (increasingly less practical). It's all about looking good to others and appear "successful".
Some Chinese did it to please their parents. Some parents are very competitive and want to show off their children’s success.
@@monet23232 Aboslutely. And in a place like China with so many people competition is 100X more than other places like America or Europe. Life is difficult when you have so many competitors all fighting for the same stuff and all under the same pressure.
Money could always be earned back but you can't go back in time to make memories. However I think if the money was saved up first and invested, they would have been able to make more memories with that money and possible even more unique and valuable
Why am I watching this, I'm already married, damage done 😂
They will spend all this money on an elaborate party, but sit at an IKEA furniture in their home. 🤷🏻♂️ Priorities? #ThoughtsOfAnID
Tyler Wisler Nice one bro~ *WISE*
Ya, a super grand wedding that cost a few hundred thousand dollars and after one or two years couple find each other unbearable and go separate ways. What a waste of money. Sometimes couples with money to spare took stakes of photos of their wedding only to have them tuck away in the store room after their wedding. And usually at the cost of thousands of dollars. Usually couples would argue that its a once in a life time experience and they don't mind spending the money. Well, what a waste of funds. People around the world are dying of hunger.
Ngiap En Hiong ...For The Ultimate Fragrant Duck Rice!
that face , extra 20k gown also won't more beautiful...
TRUE FACT
Divorce is cheaper than these weddings
wow, i think this issue only in Indonesia, in fact Singapore do the same
They spent too much on wedding, and half of the marriages ended in divorce.
Too many people focus on the marriage & not the wedding.
@@kimmulakshmi err, you mean focus on wedding and not marriage, right??
Do whatever you want for this "once in a lifetime" BS. However don't except us to subsidies the cost. Don't start inviting everyone you know, even your primary school friends who you have not talked to for decades.
Good idea. Sensible
if people have money then why not? but question is how long is last or a year later divorce?
Wedding is not a competition. It's about the union between 2 person and celebrating their love and marriage. Sadly, most people these days have unrealistic expectations and splurge too much on weddings.
Buy a house.... then have a small reception there!
I wonder how many of these couples are still stay married?? please do a followup.
18:08 a golden advice you may seek for
The last one is probably the most memorable of all.
I have not attended any Indian weddings before. I wonder where are they held.
Mine will be church wedding with buffet. No banquet, no flowers boys or girls, no fanciful set up, no 过大礼.
过大礼 is ancient Chinese rural kampong tradition, I’m glad u don’t practice it ! Cheers
2020 and 2021 were our memorial years ever. No wedding dinner to attend. We saved lots of angpow money. Thank you COVID-19.
It’s interesting that Singapore has no international development agency like USAID (US), AusAid (Australia), JICA (Japan) of KOICA (Korean) while Singaporean couples spend crazy fat money on wedding.
I pity the social media generation
OMG StitchFM my beatbox instructor
Those ang paos are insanely expensive
Grooms, if you are spending mad $ to impress your future wife, remember that marriage is a partnership. You are a unit who should look out for one another, especially on frivolous spending. Even if you can afford it, your wife should have realistic expectations and steer you away from useless spending. Is it about your marriage or just one day of excess spending?!
You can spend as much as you want but when you invite others , do it without expecting a cent back. Thats the only way to do it. I look down on people who expect their guests to cover their wedding. 😄
I like that many people seem to think that "starting a new life together" also entails starting a new bank account together. In that, you drain everything and start from scratch. Well done.
And the irony is, financial problems are one of the main reasons for divorce these days. So, you essentially screw your marriage before it even begins.
Endless and wonderful memories can also be made after the marriage ceremony.
spending so much for a wedding to please other people is very shallow way of thinking, I suppose. I once caught a comment that i found very deep. The person said Save up and pay for the wedding yourself, don't start a marriage based on debt. Truly deep
The correct answer is "yes"
If u hv tons of money or super rich type u can spend hw u want it to be....fairytales wedding like in korea drama. But after all is not just hw lavish the wedding goes but in the end is the relationship between the couples whether it can last forever when oath says till death do us part. Relationship to last forever not just on materialism but patient n endurance as it goes along. Life changes every nw n then.....its a journey of life to spend together as husband n wife.
We broke even for our entire wedding, including the banquet. Just be firm on what you want and what you don't want. We ignore our photographer's black face when we declined a wedding album. We had a lunch, instead of dinner, reception. We chose the hotel in Changi Village for its beautiful environment. We kept the guest list to only our closest friends and family. Etc etc. And we paid a princely sum of $0 (maybe a bit of profit I can't remember liao) for the entire event.
You can do it too! Don't bow to peer pressure! Most people would have forgotten your wedding even before leaving the banquet. But you will carrying on paying for it if you're not careful.
magnificient wedding (show) VS great marriage ??
tragically ,
it's SO irony that young couples view weddings as SHOW Case,
trying to impress guests and to expect invited guests with a minimal 'angpaos' to cover your wedding costs ????
and many gets loans too ??? WOW
Have they already divorce?
I'm happy my wedding cost $300 US 😊
Though a third party we can argue it's a waste, but social norms, emotional thoughts & the very mind set that this day should be special makes us dive into this concept of D Day being the ultimate & to Top others. Also media & social media platform urges this behavior
Looks like young couples get into debt before they start life together, no wonder divorce is climbing due to financial problems after the wedding. Couples fall for unrealistic pressures and the winners are the wedding services businesses!
10:56, people will always forget it anyways but your bank account won't
is that in USD or SGD?
SGD
Borrowing money for a big wedding is just insanity as give it 10 years and will soon all be over anyway and the lawyers fighting for housing rights..
It's like seeing a concert???😂😂
What? 100k? This is insane?😱
lol my dad offered to pay for my wedding but he gave me cash instead. I used that to buy our first house and just eloped =3 now my home grown 300k in value since i bought the house in 3 years
Smart.
Just remember the divorce rate is high. Use the money help the poor better 🧘🏿♂️
Seriously, this is an EXTREME waste of money. I would rather pay more attention to the marriage & not the wedding. All that money can be used for their honeymoon, saving for a rainy day, etc. Seriously tho!!!
Exactly!!
Luxury would be mire beautuful if you hv the budget n alreafy thinking in advance to save. Some rich Indonesian ppl prefer luxury ...of course who don't?
If you r indeoendent n still in your early age it would be impossible to host a wedding at a 4/5 star hotels but if you hv support from your parents/relatives...would be different.❤
It's absolute foolishness to spend money like this just to have photogenic memories and Instagram worthy pictures. There's no guarantee that the more you spend the longer your marriage will last . I'd rather save it and spend after first 10 years of marriage to celebrate a decade with him and then carry on every decade we complete together. The irony is the show matters the most. I'd rather save that money for renovations and baby expenses. The marriage day is not at all about anyone else other than the Bride and Groom , what others want or think doesn't matter at all . As far as they come to bless us genuinely that's all ...
imagine spending a 100k only to get divorced....
$50k is enough for a nice apartement down payment and $ 17k left for start new life together as a couple..
Exactly!!! Could even pay for renovation and furniture and appliances
Using loans to buy a car, motorcycle, house and so on is already expensive with interest, why risk doing so on weddings by ruining the moment?
We are still living in competitive nation till today, what people have , we want, is bad enough already and worse? want to be better than others. Example in HK, people do not get married as much due to high cost of living in their country.
And simple wedding is too common? More like these kind of weddings are too common to me, except the last one.
no angpow meh??