While some people consider that it is highly important to spend a lot of money on meaningful events that signify memorable moments in life, others find it more necessary to allocate that money to generate other economical or social benefits. Although the former might be necessary if people can afford it, the latter makes more sense to me.
On the one hand, having nice memories of remarkable moments in our lives is priceless. For example, in Latin America, it is the duty of the bride’s father to assume the wedding expenses. The family takes it very seriously when it is a matter of a wedding that they might incur in loans to afford the event. It is said that we only live once and that we should enjoy it as much as we can because once we die, we are not taking any material thing, as money.
On the other hand, there are people who would not incur in excessive spendings. On the contrary, they would prefer to invest or destine their money on things that could bring more benefits. For instance, some couples prefer to have a modest wedding and keep the money that was gifted from relatives in a fixed deposit to generate interests. I support this idea, for example, when I turned fifteen years old, I preferred to get a laptop instead of having a huge party. I knew that getting that device would be more helpful for studying and for my first years of college.
In conclusion, spending money on memorable events is important since we should enjoy our present; however, I would suggest considering future plans and evaluating how saving part of the money for those events can generate better results in the future such as bank interests.