Money Fix: Post-wedding investments
What to do with that hefty sum of cash you received as wedding gifts? Save it? Spend it? Don't rush, experts advise, take your time and think about what your goals are. Credit: iStock
Your wedding day is history. It was more beautiful than you imagined, and it's sweeter still because of the hefty sum of cash you received as gifts. Save it? Spend it?
"Don't rush into anything. Take your time and think about what your future goals are," says Kevin Peters, an AXA financial adviser in Lake Success.
Says Peters, "Don't waste the cash gifts on frivolous items. You don't need to go out and buy a car that depreciates in value. Don't go on multiple vacations after the honeymoon because you think the money needs to be spent. This money is something you should consider as a gift for your future."
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