<prompt> Human: Heres my situation. I have three daughters ages 8, 4, and 1. As tradition dictates, when the time comes in their lives, I would like to be able to pay for their individual weddings. As soon as Ive finished paying off my debt and building a proper emergency fund, should I start setting aside money for the future weddings alongside their college, our retirement, and paying off our house? How much should I plan to set aside per wedding? My other issue is whether or not to tell them the size of the budget when the time comes. I want them to be able to properly plan but if they had planned a 10K wedding and find out I had budgeted 20K just as an example, random numbers here, I dont want them to just spend an extra 10K all willy nilly just because its there. Does that make sense? I want my girls to be happy but I feel like Im looking down the barrel of a gun between the thought of them becoming teenagers, cars, college, marriage, etc. Why do we have kids? lol.EditClarification: Keep in mind, Im not looking into starting saving for this today. I would definitely get out of debt and be funding my retirement before looking at setting this money aside. Im just looking at the long term in order to plan ahead.  <response>: My savings priorities will be1. Eliminate debt1. Once that is taken care of My and my wifes retirement2. Once that is taken care of Childs college tuition3. Once that is taken care of Childs weddings, cars, fun money during college, etcI would also focus on raising my kids with a good understanding of the value of money. Then, when the wedding time comes, Id probably offer them flat cash that they can use towards the wedding, or towards their own debt, or a house down payment. So if you offer 20k, one daughter might spend it all on a wedding, the other might use most of it for a house 