It’s beautiful to see that so many young people are considerate of their parents’ financial situations and are willing to “tone down” the gifts and non-essentials of a chasunah. Just a word of caution to these idealistic kids: it’s often not all your decision. Much agmas nefesh has arisen because either set of parents might feel social pressure to conform to their crowd and will insist on a more lavish affair than you want. “My sons in law all got gold watches! What? My son’s watch should cost $50.?”
You get the idea.