Friday, June 4, 2010

Paging Suze Orman....

Dude, life is expensive. They don't tell you that when you're a kid, growing up and dreaming of what you want to be, where you want to live, what kind of house you were going to have, etc. It's so funny because whenever I used to take my oldest nephew somewhere special, just the two of us, like the movies or to get ice cream, when he was a lot younger than he is now, he'd ask about my debit card and would act like it was this never ending source of money, not knowing where the money came from or that you had to have so much in your account in order to get what you want. He'd ask "can't you just debit it?" Sorry, kid, nope. Kids have it easy in that they don't have to deal with that, and sometimes I have moments where I just totally want to be a kid again. I'm having one of those moments this week.

Since T and I moved in together in November, we've been in the ever-so-fun process of combining finances. We've both been our own for so long that we're used to just being responsible for our own bills and leave it at that. I'll admit, we struggle somewhat in the whole keeping the other person informed on the state of your checking account thing and in realizing "hey, we're in a partnership!" thing. We do pretty good for the most part but both of us have our slip ups in that area. We argue about how tight our finances are, as I'm sure most couples do, and it's probably better that we get these types of discussions out of the way before we get married so that we know what we're getting into. It's a growing process, right?

I often feel guilty because T and I are at total different ends of the spectrum in terms of finances. He's been pretty good with his money and made it out of college and grad school with little to no debt. On the other hand, I made the decision in college to go onto law school, and I knew when I made that decision that I would be signing myself into quite a bit of debt. I think any student who goes into grad school realizes this. You try not to think about it while you're in grad school, because otherwise, you could very well drive yourself crazy. When you hit that day when it's time for your exit interview with good old Sallie Mae, and they hand you a piece of paper with the outstanding amount on it, it's like reality just bitch slapped you, and you're standing there going "um, OK, so....I'm supposed to pay this off when?" Then you start running through your head of what you can do to make extra money, and I've joked about such options of selling my organs on the black market on the side or getting a second job in addition to the one that dedicates about 50-60 hours of my time a week. Believe me, I've been working diligently for the last four years to pay off my debt (credit cards included), and I'm finally making headway now that T and I are working as a team. However, every now and then I have total moments of complete panic where I think that I'm never going to get there. I am proud to say that I will have one of my credit cards completely paid off in full by the time of our wedding in September. (Whoo!!! Celebration dance) Hopefully I'll have those student loans paid off by the time our own children get to college, but we'll see...

I realize that I'm complaining about finances a day after raving about our honeymoon in Ireland, and yes, this could be a way to save on money. However, T and I were really lucky in that we were able to pay for this in full right when we booked. Lucky. It'll be nice to get there and not have to worry about how we're going to pay for it.

That being said, I've tried different ways to save on some dough. I've quickly become that person in the grocery store who has a huge coupon book and is always out for the biggest deal. I search the Web for free giveaways or samples that could be sent to our home for toiletries, food, medicine, etc. So aside from the normal cost-cutting type of measures, I'm open to tips or suggestions from any of you more experienced married individuals out there reading my blog. How did you and your significant other adjust to sharing the finances when first living together? What kinds of cost-cutting measures work for you guys? Suggestions gladly accepted :-)

In the spirit of finding ways to earn some extra money, we'll be throwing our very first garage sale this weekend. Proceeds to go towards the "T and Nain Honeymoon Fund." Keep your fingers crossed that we have success!

Have a Happy Friday everyone!


  1. Finances are a tough one, I know. It sounds like you guys might already have a plan set (in paying down your debt), but if not, that's a great place to start. My biggest beef with my husband used to be that he would eat out for lunch almost every day while I would tough it out and take peanut butter or turkey sandwiches from home every single day. We have since made a budget, and he knows how much in lunches he is allowed to spend, and I feel more comfortable going out once a week as a special treat. Even better if we can do it together as a midday date! So budgets are great if you are truly combining finances. I just signed up for so it can automatically categorize everything we spend. Since I deal with all of the finances, this is a place he can log in and see where we are with the budget without having to go through me. We've been happily married for 7 years now, so something is working for us! It sounds like you all have a great start, though!

  2. @Robin - thanks for the tips! I might check the because that sounds like a really good site. And we've definitely started that taking coffee from home and lunch from home, and that's worked wonders. Thanks for stopping by!!!

  3. Sorry I somehow missed this one. Hubby and I started out with him bringing his paycheck home and giving it to me! The kids came quickly and through some unfortunate work events we found ourselves getting the kids out of the house but in way too much debt. He's been working with a financial pllaning tean through his work that have given him some good tips... some of them sound silly but they work. We now only have 1 credit card with just a little over $1000 on it and my daughter's car and our house other than normal monthly bills. Now... if we can just stop having to pay for all the kids stuff maybe we'd get ahead! Here's the link to the one I wrote about earlier.


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