10 Financial Events to Plan for in Your Children's Lives


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Here Comes the Bride
Many a joyous event has been marred for parents by worry over how they will afford the bills. ©Digital Vision/Thinkstock

The average wedding in the U.S. in 2014 costs $25,200 -- and that doesn't include the cost of the honeymoon [source: Wedding Report]. If your dream -- and your child's -- is a wedding with all of the bells and whistles, you can expect to spend even more. Here are some of the things you may spend money on when planning a wedding for your little girl – or boy:

  • Dress and accessories
  • Tux and accessories
  • Party and shower clothes
  • Invitations
  • Wedding planner
  • Rehearsal dinner
  • Gifts for groomsmen and bridesmaids
  • Hair and makeup for the big day
  • Wedding and reception flowers and decorations
  • Wedding and reception music
  • Photographer/videographer
  • Venue and catering

Whew! Maybe you'll get lucky -- and they'll elope.

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