Post # 1
My husband and I just joined our bank accounts and are trying to save money. It’s funny cause I feel like he’s more stressed about saving money now that we’re married and want to buy a house then when we were trying to save for the wedding. Are any other newleyweds now finding themselves saving more now, then when they were planning? What do you plan on using the money for?
Post # 3
- Wedding: June 2008 - Winery in the Gold Country
I clicked home… we already own, but would love to pay down more principal!
Post # 4
I clicked home as well. We already own a condo, but we’re saving up to have enough money for a downpayment for a real house with some land! We need more space already!
DH and I definitely are saving more now than before the wedding. Mainly because we’d like a new home, but also because we’re seeing that there are things we are going to need in the near future that we need to save for, such as a new car and just preparing for having kids in the future. Plus with today’s economy, we just want to have something to fall back on in preparation for the worst.
Post # 5
I checked home too, but FI already owns his home so we’re just going to move in there. We have done a whole gutting and remodel so pretty much all our money is going towards the house and the wedding right now. I don’t know what we’d do if one of us got laid off. So, once the house is finished and the wedding is over, we want to build up our savings so we actually HAVE some, haha. We’d like to move in ~5 years (or whenever the market turns around) to a bigger house, so I suppose we’re saving for that mostly!
Post # 6
We’re not married yet but I clicked new addition to family because we’ve already owned our house for 2+ years. And plan on conceiving shortly after honeymoon so definitely start saving for a baby!
Post # 7
@Penguin – I asked my husband about paying down principal as opposed to saving the money instead. He said that you can actually make more money off a high interest rate CD, then just adding the money to the principal on a home, or to use that money to improve your home (he was a finance major and currently works for Goldman Sachs). He recommends using your money so that it makes more money for you. Home improvments, CDs are safer and can make your more money in the short term. Just something to think about.
Post # 8
Our "savings" are not actually going to go into any accounts first — we’ll be living paycheck to paycheck for the forseeable future, paying down my student debt and the doctor’s bills for me and the baby. But we do have a little money put away that is our "rainy day" fund, for things like emergencies or repairs. Right now it looks like we’re going to have to dip into it for a new fridge, but I’d really love to see it grow into a house fund someday.
(so, shameless self-promotion… just broke 200 posts FINALLY after being a WB reader since 2006. :D)
Post # 9
I didn’t give an answer to the poll because what we’re saving for, quite honestly, is RETIREMENT! People our age think it’s too early to think about retirement, but the fact is that if you save now, you have SO MUCH more money and freedom later. Starting early is the key to financial freedom, and if you receive a paycheck, it’s time to start putting money into a 401(k) or Roth IRA!
Post # 10
- Wedding: March 2009 - Byodo-In Temple, Luau Reception
I clicked on ALL 4. We already are paying a mortgage on a condo, but am saving for a down payment on our next (bigger) house. We are also saving for our future family, while still paying off our current debt. :oP My dad is actually planning and paying for a post wedding celebration (it was his idea to even have one), but I would like to help out any way that I can. :o)
To add to Chicago, hubby and I both have a % of our pay go straight into a retirement fund. She’s right, the eariler you start saving for retirement, the better!
Post # 11
We already have a house, so a) getting things FOR the house like a new refrigerator, hardwood floors, etc, and b) getting things off our registry that we wanted that people wouldn’t buy us, like a Dyson