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trading toasters for stocks
old time wedding registries a thing of the
past
good morning america
july 28, 2000
produced By wabc's lara spencer and abc news' john palacio
Amalie Gosime and Cameron Howard are getting
married next week. They’re hoping for wedding gifts
that include a financial portfolio — not plates and
pillows.
“Sure, we want to get a house some day
and a whole bunch of china and linens to put in it, but we
don’t have that right now,” says Gosime.
So the couple is encouraging their friends
and family to buy shares of one of two investment funds they’ve
chosen using Stockgift.com.
“Some of them sort of questioned it,”
says Gosime. “I mean they were like, ‘Stuff on
the Internet, where are you registered, aren’t you registered
at Macys anywhere?’”
Gifts for the Future
“But in our opinion, it was better as
an investment in our future, and we will appreciate more our
friends and family making an investment in our future than
we will them giving us china and linen,” says Howard.
Many of today’s couples are chucking
the traditional registry route and asking for everything from
scuba gear to BMWs to payments on a mortgage.
According to Susan Lee Smith, editor-in-chief
of Wedding Channel.com, changing registry tastes reflect the
changing face of newlyweds.
“One third of all couples who get married
today have actually already set up a household together,”
says Smith. “So they probably already have a toaster.
They may not be looking for dishes or glasses or wine glasses.
They’re looking for some more unique items to help really
fill out their household and their life together. And that’s
why they’re picking those untraditional items.”
Unusual Options
New services allow couples to use any retail
store as their registry. At Your Wedding Registry.com, one
couple lists motorcycle radios, while another asks for boating
equipment. There’s even one that desires a squirrel
feeder.
John and Rebecca Bagley decided they didn’t
need any more stuff. What they did need was cash. So when
they wed last month, they registered for the honeymoon.
“At this time in our lives like paying
off debt and like doing those type of things are like key,”
Rebecca. “And so we kind of spread out money between
the wedding and paying off debt and honeymooning. And, you
know, we didn’t have to spend as much of our money on
the honeymoon and so it just worked out well.”
Friends and family could specify which part
of the trip they would pay for, like a romantic dinner or
a train to Sevilla, Spain, through a service called AfterIDo.com.
Now that the trip’s over, the Bagleys plan to include
pictures of each gift with the thank-you notes.
“I think it was the perfect choice for
our registry,” says John. “It enabled us to do
a lot of things that we may not have done on our honeymoon.
You know it gave a little extra money to, you know, to really
explore these places.”
© 2000 ABC News Internet Ventures
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