Attending special celebrations such as weddings, birthday parties and other events can be expensive for guests, particularly if they require loved ones to travel long distances or spring for a wardrobe upgrade. On average, wedding guests planned on spending $611 per event in 2023, according to a survey from Bankrate — a total that reflects spending on gifts, clothing and beauty, plus travel and accommodations. Close friends' special days can be even costlier, given added costs associated with bridal showers, bachelor and bachelorette parties, rehearsal dinners and more. What's more, younger guests, the cohort least able to pay, are the most likely to shell out for their friends' nuptials, according to the same study.
One personal finance expert wants t...