It is that time of year again... wedding planning around every corner. It got me to thinking about how it is more important to plan for a marriage than for a wedding. This, of course, takes years of preparations.
This post is
not written as an accusation to anyone that I know! Not in the least! It is just what I wish someone would have told me. This is not the sum of my knowledge, just the first dozen or so things that came to mind.
Today's post is limited to one topic - Finances.
I don't know a whole lot about money. I am not a financial guru. But, I can help you learn from my mistakes, and that is my chief aim. Sure, it is a little embarrassing for us to talk about our past, but if it keeps just one person from following our path it is worth it!
- Do whatever you can to
stay out of debt as long as you can! So often young adults enter into marriage with the idea of living to the standard they grew up with - it just rarely works this way. I would bet that your own parents as newlyweds rarely ate "out." Most new married couples (20+ years ago) scraped by without the luxuries of fast food and $4 coffee from a drive through. Trying to live like your parents without their income is a recipe for disaster.
- You can live with less furniture, or used furniture. You really don't need to go buy a new bedroom group, dining room group, and living room group (each with a $2500+ price tag). Craigslist and second hand stores always have cheap tables and chairs that you could clean up, or even refurbish, for very little. Auctions would be a good place to look for furniture too.
- You don't "need" cable
and home internet. Cable IS a luxury and you can get by without it. And, you probably already have internet on your phone. You can always use the library for more extensive projects. As for cable, we have been married 13 years and have had cable a total of maybe 2 months that entire time. Take walks, go to a park, read a book, make a picnic, go fishing, learn to garden or hunt, learn to cook, do crafts, there is a lot to keep you busy without cable tv.
- If you are still single - SAVE your money! Don't buy bigger better cars now. Don't waste your hard-earned money on soda and coffee. SAVE it! You will thank me later.
- As much as you can, use shop towels and such to clean spills, and save money on paper towels.
- Before you go enter college or grad school, make sure that is what you really want to do. Ask yourself if you really need a degree to do what you see yourself doing in the future. College loans are a headache that hangs over you for years to come! (I am not discouraging college, I just want you to know that you know that you need to go)
- When setting up housekeeping - Buy used
appliances. Washers, dryers, 'fridge, etc. You will be glad you did.
- Buy used cars. With cash.
- Consider doing some things "the old fashioned way" - hang out laundry on a line, cook from "scratch," drink water, use wood heat, if you live in town - walk to work.
- Save credit cards for emergencies, do not use them on consumable stuff like fast food (except in a real bind or when traveling.)
- Buy clothes at name brand stores only at the end of the season, or shop at second hand stores. You can look nice without spending a fortune, or signing up for a Macy's credit card account. (Yeah... ask me how I know... only back then it was called Famous-Barr.)
- Do NOT feel obligated to buy nice gifts for friends at weddings, birthdays, etc. A simple inexpensive gift will do just fine. Consider making a gift, like an apron, or cloth napkins or something. Or, just give a card, and when they are in your shoes (married, just trying to make it week to week), they will thank you.
- After you are married - SAVE as much as you can for emergencies, household items (furnace/roof/etc), a baby, etc.
- Write a budget and stick to it as much as possible. Read books by Christian financial gurus.
Above all - Be realistic. You have the rest of your lives to live out your dreams! It does not have to happen this year, or even in this decade!
A few verses to meditate on:
The rich rules over the poor, And the borrower becomes the lender's slave. Prov 22:7 (NASB)
'You shall not
covet your neighbor's wife, and you shall not desire your neighbor's house, his field or his male servant or his female servant, his ox or his donkey or anything that belongs to your neighbor.'
Deut 5:21 (NASB)
For we brought nothing into the world, and we can take nothing out. But if we have food and clothing, we will be content with these.
1 Tim 6:7-8 (HCSB)
Though the fig tree should not blossom
And there be no fruit on the vines,
Though the yield of the olive should fail
And the fields produce no food,
Though the flock should be cut off from the fold
And there be no cattle in the stalls, Yet I will exult in the LORD,
I will rejoice in the God of my salvation. The Lord GOD is my strength,
And He has made my feet like hinds' feet,
And makes me walk on my high places.
Hab 3:17-19 (NASB)
What are your suggestions for newlyweds and young singles?