Post # 1
Hello bees as my Fiance and I plan our wedding we’re also trying to put together a list of to do’s that are money or legally related. The obvious ones are that we’ll be sharing the cost of rent, utilities, and groceries but we also realized we’re going to have to come off our parents health insurance, car insurance, and phone plans. Is there anything else we’ll have to pay for that I’m missing? I’ve been lucky enough to have parents that pay my bills while I attend graduate school, unfortunately I feel financially clueless.
Post # 3
Under the new health laws, you actually still might be able to stay on your parents’ insurance up to 26 years old, even if you’re married… I think another bee had a post about this recently
Here is a good monthly budget summary I found after a quick Google search: http://www.vantageseminars.com/yourmoneybook/Canadian/printableBudgetChecklist.html
Post # 4
property tax, power bill, groceries, water bill,…? thats about the only thing i can think of off the top of my head….. and always leave enough for “misc”, cause theres always a vehicle or something around the house needing repair it seems lol
we moved in together at 19 & 20 (now 24 & 25) and didnt have parents to foot a lot of the bills while we were in school and working full time (his dad passed, and our moms do enough to get by on their own as it is) so we had to figure it out quick lol
Post # 5
I wish I could help here but, we are far from being on our parents assistance of any kind so our stuff actually got a bit cheaper, since we were able to combine cell phone plans, file married on car/homeowners insurance, etc…
What really changed our bills was buying a house. WHOA
Post # 6
@lilek22: Make sure to budget some money for things like coffee/lunches out, transportation, dinners out, clothes (work clothes can be expensive!), personal grooming – hairdressers/beauty products etc., vacations, gifts, and entertainment. It adds up quick! Also things like professional memberships and pet costs (if you have one or get one) can be significant.
In my early 20s I got into debt because I was stupid with my spending.
Work on a budget together!! That is HUGE. Make sure you’re on the same page re: expectations and debt. If you can possibly avoid going into debt, it will make your life a lot easier. It isn’t hard to get into debt.
Post # 7
Car repairs, future car payments, cable/internet (if you are going to have it). Make sure to pay yourself too!
Post # 8
Hmm… cable/internet? Car payments? Credit cards (if you have them)? Only other thing I can think of is all of the extra things you need around the house constantly apart from food – toothpaste, shampoo, toilet paper, dishsoap, sponges, etc.
Post # 9
don’t forget to do the tax worksheet for two incomes, you may need to have more taken out of your paycheck. I just did ours, dh is used to getting a lot back because he has two dependent children and he has a lot taken out of his check as a built in savings plain, marrying me is going to cost him $5,000 a year