0

Not so Traditional Wedding Traditions

As we’ve seen our previous posts here and here, weddings have become stupidly expensive in recent years. The biggest reason for this massive increase in price is due to advertising. The wedding industry has spent billions of dollars to make it seem like it’s normal or even romantic to go into debt just to get married. Despite this, the research shows that the more money a couple spent on their wedding, the more likely they were to get divorced.

I wanted to look at a few not so traditional wedding traditions that the industry has pushed on young couples but that don’t actually have traditional roots. Here are a few fake wedding traditions.

White Wedding Dresses

Advertising has greatly impacted the amount of work and money that goes into planning a wedding. For example many people believe that you wear a white wedding dress as a symbol of innocence and purity. The fact of the matter is, until the 1800’s no one wore a white wedding dress. Brides usually just wore a nice dress that they had or made a new one specifically for their wedding. No one wore white because it was impossible to wash white clothes.

Stress is another fake wedding tradition.
Wedding stress is purely created by the wedding industry to sell you things.

It’s still actually impossible to keep clothes white. Modern laundry detergent like Tide contains fluorescent brightening agents that absorb ultraviolet light and re-emit it in the visible spectrum, usually as blue light. This emitted blue light makes white fabric look brighter. If you wash white fabric with old style detergents they will eventually become yellow. That’s why things yellow with age. As a side note: paper is also fluorescent that’s why it looks so white as opposed to the yellowish color of older style parchment.

White wedding dresses didn’t become fashionable until 1840 when Queen Victoria chose to wear a white court dress at her wedding to Prince Albert. Afterwards the European elite started to follow the trend. Because it was impossible to wash white clothes, wearing a white dress to your wedding was a sign of wealth. It said “I can afford to buy a dress that I’ll only wear once”.

White wedding dresses had become a common practice for aristocracy by the end of the 19th century, but common folk only adopted it after World War II. With increased prosperity the wedding industry grew substantially. The practice was firmly cemented in 1981 when Princess Diana wore a white dress to one of the largest televised weddings in history. Long story short, thanks England for this expensive “tradition”.

Alternatives

Look, I know it might be hard to go against the modern white dress tradition. It’s what a lot of young women have grown up dreaming about. But there are a lot of other options you could go with if your budget needs you to or if you just want to spend less. You could sew yourself your own dress, if you’re sew inclined (That’s a bad joke but I’m leaving it in). You could find a really lovely dress in a different color that you loved and wear that. No one is stopping you, it’s your day! You might even get to wear it again this way. If you still really wanted a white dress, you could do what my sister-in-law did: buy a prom dress. They’re much cheaper and still quite lovely.

Wedding Necessities

Bride’s magazine started in 1934 by Wells Drorbaugh (a former advertising manager for House and Garden) as a way for advertisers to reach newly engaged women. In their paper, Francis and Mialon write, “In 1959, Bride’s recommended that couples set aside 2 months to prepare for their wedding and published a checklist with 22 tasks for them to complete. By the 1990s, the magazine recommended 12 months of wedding preparation and published a checklist with 44 tasks to complete.”

The magazine quickly grew in popularity and with all these newly-found targets advertisers quickly created new “traditions” that were necessary for your special day. Like the white dress, the bridal bouquet was first popularized by Queen Victoria and then normalized by the wedding industry.

Giving gifts to the bride and groom is a tradition about as old at marriage itself, but the modern wedding registry was invented in the 20th century. That’s right, weddings are not just more expensive for the bride and groom, but also for attendees! Marshall Fields in Chicago instituted the first wedding registry in 1924 as a way for couples to indicate what type of non-utilitarian gifts they desired. In the late 1930’s Bride’s magazine started hosting annual bridal clinics for department stores that helped them set up wedding registry services. By the end of the 1940’s there were over 500 bride’s shops with full-time consultants. Nowadays you can walk into Bed Bath and Beyond where not only can you make a registry but an employee will talk you through what you “need” and walk around with you–trying to up-sell you!

Alternatives

One of the most important things for you to remember (and one of the hardest things to hang on to) is the fact that your wedding doesn’t need to look like anybody else’s. If you’re happy, that’s the most important thing. Checklists can be valuable tools, but they’re only tools. You don’t need to do everything that’s on them. If you don’t want a bouquet, great! If you do, you can pick some flowers yourself or buy a bouquet from Hy-Vee. You could get real flowers for the bride and fake flowers for everyone else, if that’s cheaper. And when making a registry, register for what you want and what you need. Don’t let a salesperson talk you into something more expensive just because they assure you you’ll want or need it.

Diamond Engagement Rings

Take a look at this quote from the paper we’ve been looking at:

Another example of industry efforts to commodify love and romance is that of marketing campaigns for diamond engagement rings. Several of the most well-known campaigns were by De Beers, the global diamond company. In the late 1930s, De Beers created the slogan “a diamond is forever,” which was rated the number one slogan of the century by Advertising Age (1999). The campaign aimed to link the purchase of a diamond engagement ring to the hope of a long-lasting marriage.

In the 1980s, De Beers introduced another influential campaign, which sought to increase the standard for how much should be spent on an engagement ring with slogans such as “Isn’t two months’ salary a small price to pay for something that lasts forever?” (Cawley, 2014; Sullivan, 2013). These marketing efforts were effective. Prior to World War II, in Western countries, only 10% of engagement rings contained a diamond. By the end of the century, about 80% did (Cawley, 2014). In 2012, total expenditures on diamond rings were roughly $7 billion in the United States (Sullivan, 2013).

Andrew M. Francis and Hugo M. Mialon
Two month's salary can buy debt that lasts forever.

The idea of spending 2 months’ salary on an engagement ring is mind boggling. According to the Bureau of labor Statistics the median male full-time worker made $1,103/week. Two months’ salary comes out to $9,559. That’s almost $10k for a rock! Add that to the average cost of a wedding and you’re at over $43,000! Even if you are working a minimum wage job, 2 months’ salary at $7.25/hour comes out to $2,513. More than $2,500 on an engagement ring is ludicrous even if you’re not below the federal poverty level.

How did they Start?

Did you know that diamonds are inherently worthless? Diamonds are just pressurized crystalline carbon. They’re actually quite common and aside from saws and drill bits, they aren’t used for anything other than jewelry. There’s no real value in a diamond. The reason we think of diamonds as engagement ring material is because in 1938 the De Beers Diamond Company found themselves with too much inventory and no one willing to buy them. Go figure, in the Great Depression people weren’t interested in spending hard earned money on worthless shiny rocks.

To fix this problem De Beers hired one of the best advertising agencies in the business. N. W. Ayer & Son, famous for the advertising slogan “When it rains it pours” for Morton Salt. And “I’d walk a mile for a Camel”, advertising Camel cigarettes. That’s right the company responsible for making smoking look cool also came up with “A diamond is forever” and much of the propaganda suggesting that diamonds are a symbol of love.

Advertising works, just ask any smoker.
Advertising works! Just ask any smoker.

It’s great advertising. De Beers made a killing in the 20th century with engagement rings, but just because you hear it on TV doesn’t make it true. In fact…

  • Diamonds are intrinsically worthless: Former De Beers chairman Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.
  • Diamonds aren’t forever: They actually decay, faster than most rocks.
  • Many Diamonds are socially irresponsible: Many diamonds are still mined under poor conditions often employing child labor. Nearly 25% are blood diamonds.

Alternatives

The problem is that advertising works. Even if you know it’s fake, advertising works. We now have the ability to 3D print diamonds. We can also grow them in a lab. These man-made diamonds are perfect without blemish, and they’re cheaper than buying them De Beers. They also don’t contribute to slavery and murder like a lot of mined diamonds do. Or you can skip the diamond altogether. Moissanite looks a lot like a diamond (only real difference is that is a little more brilliant) and it costs about ¼ the price of diamond.

Or you can go for a different rock entirely. Rubies, sapphires, (which are actually just rubies with a different impurity), emeralds etc. all make beautiful engagement rings. So why are diamonds still the go-to rock for engagement rings? Simple. It’s just the thing you do. And it’s OK to want to do it. There’s nothing wrong with wanting a diamond ring. Even if you know it’s only because of advertising! Just know that there are options and you don’t have to do what De Beers tells you. You don’t have to spend 2-3 months’ salary on a ring. You don’t have to buy a “natural” diamond. Heck, you don’t have to get a diamond at all.

Conclusion

The wedding industry has taken great pains to create these traditions. They have a financial incentive to get you to buy into them. There’s nothing wrong with buying a diamond engagement ring, or wanting a white wedding dress, or setting up a wedding registry. But becoming a sucker for advertising is how you stay poor. Advertisers target your emotions because they know that if they appealed to your logic and good sense they wouldn’t make the sale. Don’t fall for the emotional ploys.

Again, all this isn’t to say don’t do these fake traditions. We had a white wedding dress and a diamond ring. They were both relatively cheap (See our 5 Tips for a Cheaper Wedding post for more info). We also set up a wedding registry and found ideas on Pinterest. But we did it because we wanted to and we did it on the cheap because we didn’t get suckered into the wedding industry’s game.

What do you think? Were any of these “traditions” a shock to you? Let us know in the comments below!

0

5 Tips for a Cheaper Wedding

As we saw in our last article a fancy, extravagant wedding doesn’t necessarily lead to a long, happy marriage. In fact according to a 2014 study by Andrew M. Francis and Hugo M. Mialon, the more money a couple spent on their wedding, the more likely they were to get divorced. They found that for best results, your wedding should cost around $1000. Considering the average cost of a wedding in 2018 was $33,931, there’s a lot of fat to be trimmed. Here are 5 tips for a cheaper wedding.

A cheaper wedding leads to a happier marriage.
The less money a couple spends on their wedding the more likely they are to stay together.

Courtney and I have been married exactly once and never been divorced so you might say we’re wedding experts, batting a thousand. We also kept our wedding to about $1000 so I guess we’re statistically going to make it. As a side note, chance doesn’t exist and only you can determine whether you’ll stay together. That being said since we’re wedding experts, here are some tips and tricks to keeping costs low for your big day.

How to keep costs low

1. Get Married in a Church

According to wedding site The Knot, a reception venue alone (not including food or entertainment) costs an average of $10,500. That right there already puts you into the “29% more likely to get divorced” block. On the other hand getting married in a church can be nearly free. According to weddingforward.com the average cost of a church wedding was about $1000. For church members the average was $200, and for non-members the average was between $400 and $2000.

In our case Courtney’s dad is the pastor of a small church so that’s where we got married. After the ceremony we had the reception in the church basement. It held about 200 people and we didn’t have to pay for the venue or the officiant! But even if you aren’t marrying the pastor’s daughter or aren’t a member, getting married in a church is both traditional and cost effective.

Another option is to have your wedding outside or in a public place. You can reserve a park or nature reserve for pretty cheap. And if you put up fairy lights and have the wedding at dusk, it would look magical. A beautiful reception hall that overlooks the ocean might fulfill a fantasy, but going into debt won’t make you happier. There are tons of cheaper alternatives.

2. Save on the Food

The Knot also mentioned that the average price of a catered dinner is $70/person. That seems pretty steep to me since the fanciest date we ever went on cost $100 for the two of us. You might think that the solution to this issue is to invite fewer people, but you should reconsider. Francis and Mialon also found that the number of guests a couple invites to their wedding was positively correlated with marriage duration. They found that inviting over 200 guests correlates to a 92% lower likelihood of divorce.

A bigger wedding can still be a cheaper wedding.
The more guests a couple invites to their wedding the more likely they are to stay together.

At $70/person catering for 200 guests comes out to be $14,000! That puts you squarely in the “29% more likely to get divorced” block. So should you skip the meal entirely? You could, but there are other options. In our case we had someone volunteer to do barbeque if we supplied the meat. At about $2/lb we bought enough brisket and pork and barbeque sauce for everyone to get their clothes messy. We also had a build your own ice cream bar for dessert. It only cost about $100 of ice cream and toppings and everyone had a great time!

While you may not be blessed with a smoker-owning friend, there are tons of ways to keep the cost low by either cooking food yourselves or buying something pre-made. While fancy appetizers may make you feel good, I feel better about not going broke. I checked Hy-Vee and they cater weddings for about $10/person if you’ve got your heart set on a catered meal, and they had a surprising amount of variety.

Wedding Cakes

Another big cost is the wedding cake. Wedding cakes are notorious for being expensive and for not being that tasty. The wife of the guy who cooked our meat also offered to bake us a cake. She had done it semi-professionally for a time, and wanted to give it to us as a wedding present. It was beautiful and tasted great! It was small, but we were both fine with that (especially since it was a gift!). She also made a groom’s sheet cake, which is what our guests got to eat, and that’s something you could easily do to save on cost yourself. If you need a fancy cake for your cake cutting/feeding tradition, consider buying a small one just for the wedding party and then baking sheet cakes for the guests. I promise, they won’t mind; fondant is pretty gross in my opinion.

3. Save on Pictures and Video

I have to admit we were very fortunate for this area. Our photos were taken by people at my church. They were our Jr High leaders and we knew them well. They volunteered to do it for free as a wedding gift. The videography was also gifted to us. My best man and college roommate does wedding video and he also offered to do it for us as a wedding gift. Considering wedding photography averages about $2,500 and videography averages around $1,900 this was very generous of them!

Obviously this will likely not be the case for you. I understand that, and I know we were very fortunate in this regard. I’ll be addressing this later on in the article, but I’d like to say quickly that this is one of the many ways in which it is valuable to have a community when being frugal! As to how you personally could save, most people have a friend who does photography semi-professionally or is trying to get into it. They will probably be willing to give you a deal as a gift or in exchange for some experience and photos for their own portfolio.

You could also consider hiring someone just for an hour or two to take professional photos of the wedding party and forget about the current popular photos of the venue, dress, and ceremony. Neither of us really look at those photos, and it wouldn’t have been a great loss to end up without them. You could also set up a hashtag on Instagram or Facebook for guests to use for the wedding and you’ll probably end up with more fun pictures anyway!

Cheaper isn't always better.
Maybe check out their portfolio first 🙂

4. Cut the Wedding Planner

I’m not sure what a wedding planner is, to be honest, but the average cost of wedding planner is $1,700. According to Wikipedia a wedding planner scouts out venues, juggles vendors, and prepares a budget. If you follow the previous tips, a wedding planner isn’t necessary. We got married in a church so the venue was picked. We handled the food and desserts. And guests handled the photos and video.

The role of wedding planner traditionally was filled by the mother of the bride and the maid of honor. So I guess we technically had several wedding planners. They were Courtney, myself, and our parents. And if you have a simple wedding that is more than adequate. Our engagement period was only three months so we planned a wedding in about two months while we were trying to study for finals. We intentionally made the plans simple and the wedding day was pretty stress-free thanks to Courtney’s bridesmaids.

Also if you get married in a church they usually have someone who makes sure all the plans work out. In our case, the church was small enough that it was just Courtney’s dad doing everything. So in conclusion, you don’t need a professional wedding planner.

5. Other Miscellaneous Expenses

Average cost of Flowers: $2300

  • Cheaper alternative: Hy-Vee florist
  • Our cost: $100, We bought boutonnières from Hy-Vee and used baby’s breath for flowers

Average cost of wedding dress: $1,800

  • Cheaper alternative: Buy a floor model or just a nice white dress
  • Our cost: Courtney found a floor model she loved for $500 (including alterations).

Average cost of hairstylist: $130

  • Cheaper alternative: Have a friend who can curl hair
  • Our cost: $0, Courtney had a friend (who does hair professionally) volunteer to do hers.

Average cost of makeup artist: $115

  • Cheaper alternative: What is a makeup artist? You can do your own (or have a more skilled friend do it if you aren’t very good at makeup).
  • Our cost: $0, Courtney did her own makeup.

Average cost of favors: $450

  • Cheaper alternative: Don’t give out party favors. No one actually wants them.
  • Our cost: $0, We fed our guests. They don’t need party favors.

Average cost of rehearsal dinner: $2,300

  • Cheaper alternative: Have a small party at home or a picnic
  • Our cost: $100, My aunt and uncle had a pool so we grilled steaks and had a pool party.

Average cost of invitations: $530

  • Cheaper alternative: Online card printing or Walmart
  • Our cost: $100, We found a site that will print invitations pretty cheap.
ItemAverage CostOur Cost
Venue$10,500$0
Food (for 200)$14,000$100
Deserts (for 200)(Probably included in food)$100
Cake$500$0
Pictures and video$4,400$0
Wedding Planner$1,700$0
Flowers$2,300$100
Wedding Dress$1,800$500
Hairstylist$130$0
Makeup Artist$115$0
Party favors$450$0
Rehearsal Dinner$2,300$100
Invitation$530$100
Total$38,725$1,000
Wow, weddings can be expensive!

As you can see we could have easily spent close to $40,000 on our wedding and that’s not even including the engagement ring. Instead of $40,000 we spent about $1,000. Even though we only spent 1/40th of what we could have spent I didn’t think we missed out on anything. We invited everyone we wanted to, we had a lot of fun, and at the end of the day we drove home together for the first time.

Caveats

All in all these tips for a cheaper wedding are just suggestions. Maybe professional wedding photos are really important to you, or maybe you want a catered dinner. You don’t have to scrimp and cheap out on every portion of your wedding. The idea is that there are always cheaper options and those cheaper options don’t have to be worse. Maybe pick one thing to splurge on, and save on the rest.

I also said that I’d further discuss the areas we were fortunate in. Not everyone is as blessed as we are with gifted, generous friends. I recognize that. But that doesn’t mean that a cheap wedding is out of reach for you. I’ve done my best to show you other ways you can find savings on all sorts of wedding-related things. In fact, some of our suggestions were things we had considered before our friends volunteered to help out! I hope this article has continued to drive home one of my main theses when it comes to this blog: having a community is so important when it comes to being frugal.

Conclusion

It seems that most of the costs that couples rack up for a wedding is just done to keep up with Jones or to brag on Facebook. Those aren’t good reasons to base your marriage decisions on. The purpose of your wedding is to get married and to do it before God and all your friends. Over the top extravagance just isn’t necessary. What’s necessary is to love your spouse.

What do you think? How much did you spend on your wedding? Let us know in the comments below!

0

Cheaper Weddings Lead to Fewer Divorces

Wedding Meme

Let’s say you are planning your wedding. What if instead of a fancy meal your spouse-to-be ordered pizza? Or instead of a layered white wedding cake, they asked your mother-in-law to make a chocolate sheetcake? Your first thought would probably be, “Don’t you love me?” or “Don’t you want this to be the happiest day of our lives?” A lot of people equate spending more with something being more long-lasting, so you may even think that they don’t care about your relationship!

You might think that spending a lot on a wedding means you’re going to stay together forever, but the opposite is actually true! Cheaper weddings lead to fewer divorces. The more a couple spend on their wedding the more likely they are to get divorced.

Science Weighs In

Bigger isn’t always better, and according to a 2014 study published in Social Science Research Network, it may actually be worse. In their paper, authors Andrew M. Francis and Hugo M. Mialon studied over 3,000 married and previously married people in the US. This paper is the first time the relationship between wedding spending and marriage duration was statistically evaluated.

The people surveyed were asked a number of questions including how much they spent on the engagement ring, how much they spent on the wedding, how long they dated before getting married, and whether or not they went on a honeymoon. The authors concluded, “Controlling for a number of demographic and relationship characteristics, we find evidence that marriage duration is inversely associated with spending on the engagement ring and wedding ceremony.

Concerning cost, the authors set the reference point at between $5,000 and $10,000 for the engagement ring and wedding ceremony. They found that if a couple spends between $1k and $5k they were 18% less likely to get divorced. And if they spend less than $1k they’re 53% less likely to get divorced. On the other hand if a couple spends between $10k and $20k they’re 29% more likely to get divorced. And if they spend more than $20k they’re 46% more likely to get divorced!

If you want to stay together spend lass than $1000 on your wedding.
The less couples spent on their wedding, the more likely they were to stay together.

So How Much Does the Average Wedding Cost?

According to wedding planning site The Knot the average cost of a wedding in 2018 was $33,931. (More recent data has been skewed by the pandemic.) If you’re like me you did a double take to make sure you didn’t go crazy. But you read that right. The average wedding has cost over $30k since 2015. And just in case you thought that this was being skewed by crazy people on the west coast, the state with the lowest average wedding cost, Utah, still came in at $22,500!

A Little Math

If this study is true, that’s not very encouraging news! Considering even the state with the lowest average wedding cost was still over $20k it looks like there are a lot of people running that higher risk. Because I’m a numbers guy I graphed this data and it turns out to be linear on a log scale with an R-squared value of 0.986. (For reference a perfectly linear dataset has an R-squared value of 1.0) What this means to non-nerds is that you can reliably extrapolate this data out to cover the cost of any specific wedding.

For example the average wedding in New Jersey costs $53,400! Using those numbers, the couple is 75% more likely to get divorced than a couple who spends between $5k and $10k. Whereas if you only end up spending $3k on your wedding and engagement ring, you’re about 14% less likely to get divorced. Obviously this is statistics and as we’ve discussed before chance doesn’t exist. But that doesn’t mean that this data isn’t a useful tool to be considered. So, if you want a good chance at staying together long-term, it looks like all (sarcasm heavily implied) you need to do is plan a cheap wedding! There’s only one problem…

Weddings are Expensive

The wedding industry is notoriously overpriced. Things that normally cost a certain amount are usually doubled or tripled if they’re for a wedding. For example, the average cost of a wedding photographer is $2,500–triple what a regular 3-hour photo shoot costs. A reception venue alone (not including food or entertainment) averages over $10,000. A wedding cake costs $500 and is usually doesn’t even taste that good.

The wedding industry obviously has an incentive to convince you that fancier weddings lead to happier longer-lasting marriages. But not only are they not impartial, they’re straight up wrong. “Overall, our findings provide little evidence to support the validity of the wedding industry’s general message that connects expensive weddings with positive marital outcomes,” Frances said.

Considering more than half of marriages end in divorce and that money problems are often cited as the number one reason for marital strife, maybe starting your married life off $30,000 in debt isn’t the best plan.

Maybe starting your married life off $30,000 in debt isn’t the best plan
Iron Man gets it

Have a Big Wedding

Considering wedding cost is inversely correlated with divorce you might think that the solution is to invite fewer people, but you’d be wrong. Another interesting finding in this study was that the larger the wedding, the higher the likelihood of the couple remaining married. Having 1-10 people attending the wedding correlates to a 35% lower probability of divorce than a couple who elopes. And having more than 200 attendees means a couple is 92% less likely to get divorced.

Apparently eloping isn't a great idea either
The more people at your wedding the more likely you are to stay together.

At $70/guest (the average cost of catering) having 200+ guests at your wedding gets expensive. Plus securing a venue that can hold 200 people can cost a lot. Being able to invite a lot of friends and family while still keeping costs low takes some strategizing.

It can be done however! Courtney and I had a wedding with around 200 guests. We also kept our wedding costs to about $1,000 including the dress. (Crazy right? I married a real winner and she definitely didn’t edit this article and add this in). So in our next article we’ll discuss some tips for a frugal wedding that still managed to be the happiest day of our lives.

Remember, going into debt should not be the first thing a married couple does together.

On the other hand, there is something couples can splurge on that positively impacts their chances of staying together. The study found that going on a honeymoon, regardless of the cost, is “significantly associated with a lower hazard of divorce.” They found that those who went on a honeymoon were 41% less likely to get divorced. It seems that going easy on the wedding ceremony and instead spending that money on a fun honeymoon is a beneficial tradeoff.

Conclusion

Despite what the wedding industry tries to tell you, cheaper weddings lead to fewer divorces. And bigger, more extravagant weddings are actually linked with a higher likelihood of getting divorced. While that seems counterintuitive at first, it does make sense that the kind of people who are easy-going enough to make a frugal wedding work are probably the kind of people who will be able to get over their issues and make their marriage work. Check out our next post for 5 tips for a cheaper wedding.

What do you think? If you’re married how much did you spend on your wedding? Was it everything you dreamed? Let us know in the comments below!

0

Brother, Can You Spare A Dime (for the Government)?

Brother, can you spare a dime

Did you know that you can just write a check to donate to the federal government? According to the Bureau of the Fiscal Service, “Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called ‘Gifts to the United States.'” Why would someone want to give a financial gift to the US government? Personally I can’t think of a reason.

This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. Considering the US national debt just crossed $30 Trillion (yes that’s trillion with a “T”), maybe they need more of our money.

The US government spent about $7 trillion last year and as you can see below: almost 2/3 of the budget (62.3%) was spent on social programs, 11% was spent on the military, and 6% was spent just on paying interest for our debt. Considering the government collected about $4 trillion in revenue in 2021, that leaves them about $3 trillion short. Maybe the US government should discover FIRE.

If you’d like to help our government out you can make a contribution to the Treasury. These contributions are considered an unconditional gift to the government. Citizens can make financial donations through a paper form or electronically through pay.gov. They accept:

  • Bank account (ACH)
  • Amazon account
  • PayPal account
  • Debit or credit card

The money donated here goes into the Treasury’s general fund. This is different than money collected by the IRS, but the difference is mostly symbolic, because the donations are fungible. Congress just has to vote how to use the Treasury’s general fund as it does with all of the federal government’s budget.

Congressmen Can Donate As Well

According to the Washington Post there is also a special program that allows members of the House of Representatives to dedicate a portion of their salaries towards reducing the debt. I believe this program goes towards the same US Treasury gift fund. The Post reports that in 2010 only three house members (two republicans and a democrat) donated a total of $15,233.56. This represents just 0.02% of the total salary of the House of Representatives.

Considering the amount of politicians in Congress who support raising taxes on the rich, there are surprisingly few who step forward to put their money where their mouth is and donate money to the federal government. And no one could argue that these politicians aren’t rich. Congressmen make a salary of $174,000. They are the very targets of their own rhetoric, and yet very few are interested in actually paying the government more.

Very few actually believe the government will use their money well.
I guess very few of them actually believe the government will use their money well.

Seeing as much of the wealthy elite (and most of Hollywood) go through all the effort to campaign for democrat politicians, I propose an alternative. Maybe raising taxes on the rich is the right decision, but politics is slow and burdensome and campaigns are expensive. You could bypass all that and just donate money to the government instead. The wealthy elites that are interested in raising taxes should put their money where their mouth is.

According to TreasuryDirect.gov citizens donate about $2 million/year to the US Treasury. If every democrat donated just $1000, it would could increase that amount by 75,000 fold. For everyone who wants to raise taxes, I propose a good faith donation to the government. It would go a long way towards making your political position seem generous rather than greedy.

Private Charity

Warren Buffet is a vocal proponent of raising taxes on the rich, yet Warren Buffet doesn’t donate to the federal government. He seems to be a bit of a hypocrite. That doesn’t mean he’s not charitable of course. He donates more to charity than possibly any other American, and has vowed to give all of his fortune away once he dies.

So why doesn’t he donate to the federal government? I believe it’s because he doesn’t think the government is an efficient means of helping people. He may say that he wants higher taxes, but like most of congress, his actions betray his belief that his money is best spent elsewhere. Warren Buffet believes he can do a better job of helping those who need it most than the government can.

Warren Buffet believes he can do a better job of helping those who need it most than the government can.

And so do the majority of Americans. That’s why private charities exist. Instead of paying some bureaucrat in Washington to decide how to help the needy (with whatever is left over after his fat paycheck and kickback program) I can just pay the needy directly. There are thousands of charities that do a lot of good and that don’t vote to give themselves raises every year.

For example sharethemeal.org says for $0.80 you can feed a child for a day. feedthechildren.org says for $34/month you can provide food, water, and education to third world countries. onetreeplanted.org will plant a tree for $1. Not to mention all the good you could do in your own family or community. This is why you shouldn’t retire early.

Conclusion

Should we raise taxes on the rich? I dunno, I’d rather stay away from political discussion. But if you do support raising taxes, I suggest that you be willing to lead by example and make a charitable donation to the US government. If you actually believe that they’ll use it well. And if you find you don’t believe that would be a good use of your money, then consider voting for lower taxes and use your tax cut to help those in need directly. I believe it’s more effective and makes you feel better.

This post, while true, was definitely written tongue in cheek. You can donate to the federal government. They will accept your money and put it to “good use”. But they won’t put it to great use. On the other hand you can put it to great use. Volunteer at a charity in your community, give money to those in need. And if you don’t know what a good use of your money is, sites like GiveWell.org do a lot of research and vetting of charities so you don’t have to feel overwhelmed.

What do you think? Should we raise taxes on the rich? Does the government use your taxes efficiently, or would charitable organizations be a better way to do good? Let us know in the comments below!