smart spending

Cost of living out life's grand events

Tallying the costs of life's big events
Cost of living out life's grand events

Cost of living out life's grand events

Maybe the best things in life are free, but most of us pay a considerable amount of money to experience our biggest milestones, both good and bad.

The rewards of owning a home, having children and being your own boss, for example, require a substantial financial investment. From landing your first job to retiring, from celebrating the start of a marriage to coping with its end, some of life's most poignant moments come with a large bill.

If you're approaching one of these milestones, don't skip your own cost research, advises Marc Henn, president of Harvest Financial Advisors in West Chester, Ohio.

"They have to put some work and time into it," Henn says. "Unpreparedness leads to financial surprise."

We can't put a dollar amount on the value of these seven big events to you personally. Nevertheless, we've dug up some information to give you an idea of how much they cost.


 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement

Ask Dr. Don

Use bonds for school, avoid tax?

Dear Dr. Don, This is a bad news, good news situation that I'm asking about. I just received several Series EE and Series I savings bonds. I am the so-called payable-on-death beneficiary on the bonds. My mom, who purchased... Read more

advertisement

Connect with us