Since, I moved in with my fiance we knew that we are going to end up together for the rest of our lives. Thus, we started planning and saving.
He has not proposed to me yet. But he said that he would. I don't have a ring on my finger but we bought a house together. Weird? yeah, I agree 100%. So, indulged me in telling you a story of how we did it.
First, we have been together for 7 years now, living together only for 4 years. So, suffice it to say that we learned quite a lot about each other for the 4 years we lived together.
After 3 years that we are living together we started on talking about getting married. We both know that the wedding is going to be costly. So, he offered to give me 5k in addition to whatever, is needed to the wedding planning. I told him that is not enough.
So, I offered to add to his 5k with 10k, then our budget is set for 15k. Mind you living in California everything about wedding will be $.
First thing that I did:
1. on a piece of paper I write down how much I make each pay period.
I get paid every 2 weeks.
2. write down my bills monthly
- this is to let me know how much is my actual income vs. outcome (= bills)
- including balance and available credit and the due date
on each of my credit card. (this allows me to know my buying power for
wedding usage only)
3. write down my regular savings deposit.
- I consider my monthly savings deposit like a bill.
ways that I save is to psych myself by thinking that my savings as one
of my credit card. I owe me, practically. So, if I use my money I am simply
borrowing it.
4. write down things that I could sacrifice for the next year or two.
- I love to buy books and sometimes I love to go to the spa a lot.
He has not proposed to me yet. But he said that he would. I don't have a ring on my finger but we bought a house together. Weird? yeah, I agree 100%. So, indulged me in telling you a story of how we did it.
First, we have been together for 7 years now, living together only for 4 years. So, suffice it to say that we learned quite a lot about each other for the 4 years we lived together.
After 3 years that we are living together we started on talking about getting married. We both know that the wedding is going to be costly. So, he offered to give me 5k in addition to whatever, is needed to the wedding planning. I told him that is not enough.
So, I offered to add to his 5k with 10k, then our budget is set for 15k. Mind you living in California everything about wedding will be $.
First thing that I did:
1. on a piece of paper I write down how much I make each pay period.
I get paid every 2 weeks.
2. write down my bills monthly
- this is to let me know how much is my actual income vs. outcome (= bills)
- including balance and available credit and the due date
on each of my credit card. (this allows me to know my buying power for
wedding usage only)
3. write down my regular savings deposit.
- I consider my monthly savings deposit like a bill.
ways that I save is to psych myself by thinking that my savings as one
of my credit card. I owe me, practically. So, if I use my money I am simply
borrowing it.
4. write down things that I could sacrifice for the next year or two.
- I love to buy books and sometimes I love to go to the spa a lot.
Once, I write everything down. I know exactly my income is after all the bills. Since, I deposit large amount each pay period to my savings; I allocate the 1/2 to my other fund that now is called the wedding fund. Open an account separate to your regular savings, for easy book keeping purposes.
I opened a money market account and directly deposit there. Be aware of how much withdrawals you are allowed each time with out penalty. One way to avoid this sometimes is that I used my credit card and every 3 -6 months I make a large payment.
Also, think everything through don't be a consumer be a smart buyer. I substitute things that are somewhat usable for a wedding. Like my wedding dress. I save a lot by not going traditional and off the conform white ball gown.
There are many more you can alter and make it personal to your taste and theme for your wedding to save $$$.
Also, think everything through don't be a consumer be a smart buyer. I substitute things that are somewhat usable for a wedding. Like my wedding dress. I save a lot by not going traditional and off the conform white ball gown.
There are many more you can alter and make it personal to your taste and theme for your wedding to save $$$.
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