Wedding
Mike's daughter spent the money he gave her on a down payment and later paid for her own wedding (not picture here).
  • A couple in Kansas City gave their daughter a lump-sum of $20,000 to spend on her wedding.
  • Instead, she spent the money on buying a home, and she and her fiancé paid for their own wedding.
  • Mike said it all worked out and that he thinks his daughter learned about budgeting in the process.

When Mike's daughter got engaged, he and his wife wanted to help pay for it.

Mike, who asked Business Insider to only use his first name for privacy reasons, estimated that a wedding in the Kansas City area would cost between $15,000 and $25,000 at the time, which was around 2015.