How to Budget for Friends' Weddings

Having to forego important events like friends' weddings because of your finances? Here's how to budget for upcoming social events.

Illustration of a woman throwing a bouquet at a wedding.
(Image credit: Getty)

A staggering 92% of employees are stressed about their finances due to uncertain economic conditions, reports the 2023 BrightPlan Wellness Barometer Survey. Employees claim inflation (96%), a potential recession (93%), rising interest rates (90%) and market volatility (89%) as the primary drivers of their financial stress. 

This financial stress is not only affecting workers' mental and physical health, but also their social health, causing many to skip out on social outings due to the strain on their budget. In fact, the survey found that 64% of respondents revealed their financial stress has impacted their relationships, and 72% reported their financial situation has prevented them from attending a wedding, birthday or social gathering. Financial stress is also negatively impacting worker productivity, with respondents losing over a day of productive work per week. This is costing U.S. employers nearly $200 billion annually, finds the study.

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.