(Closed) A Worry Free Wedding for my daughter

posted 8 years ago in African-American
Post # 3
7300 posts
Busy Beekeeper
  • Wedding: September 2012

@mzb2be: Aww, so sweet. If you want to start saving now, I suggest either getting bonds or open a high yield savings account. My daughter is 4 now and I have been getting her $20 bonds every month since she was born. They are in a safety deposit box. Also I have a high yield savings account that I have been putting $10 in every month. I won’t hound her to go to college right after high school. I didn’t. I wasn’t ready and instead I spent two years traveling and having fun. By that time I knew what I wanted to do. If I went right after high school, it would have been a waste of time and money for everyone involved.

She is right though. I had a Starbucks addiction and when I broke it down, I was going twice a day for 5 days a week. That’s about $10 a day on coffee and coffee cake. $50 a week. $2600 a year on effing Starbucks. Now I don’t drink it and at the end of the week I transfer $50 out of my account and put it into my high yield savings account for the wedding.

Post # 5
615 posts
Busy bee
  • Wedding: September 2011

This is really cute :-). You have a very special little girl :-). Also, great job starting a college fund! College is so important and will take her many places :-). You sound like a wonderful mother.

Post # 6
7300 posts
Busy Beekeeper
  • Wedding: September 2012

The way I think about it, $20 a month is not that much. I mean, I was willing to give up Starbucks and eating out. We only go out once a month now and we are saving hundreds. Instead of spending it on something else, we save it.

http://www.mint.com is awesome at setting up a monthly budget and making you stick to it. It sends alerts to my phone when I am close to a budget. Like if I say I’m going to have a $400 budget for groceries and I am at $390 before the month is over, it send me an email letting me I am close to it and that way I can plan with what I have instead of going over. You would be surprised what you can make with $10 that will last days. Cowboy stew is so good and gets better every day it’s in the freezer. We made a months worth before. It’s a really good meal in the winter and all you need is ground beef, potatoes, corn, tomatoes, corn bread, ect.

Post # 7
3587 posts
Sugar bee

Wow, she’s quite smart-leave out the lattes a little.LMAO!

I don’t have any kids, but I have a CD for their college fund for when I do have some..one day!

Post # 13
145 posts
Blushing bee
  • Wedding: February 2012

@mzb2be: you are such a great mom to have raised a strong opinionated daughter! i love it!!  and all of you ladies are AWESOME and so very inspirational! thanks for making me seriously rethink my careless spending habits!!

Post # 14
9053 posts
Buzzing Beekeeper
  • Wedding: June 2010

Very cute 🙂

Post # 15
7300 posts
Busy Beekeeper
  • Wedding: September 2012

@mzb2be: There are soooo many ways to make it. When SO gets home, I will ask him for the way he makes it. I know some people use sasuage. Some people use stew meat. We use ground beef. Some people put bake beans in it. lol There are just hundreds of ways. I will mesage you.

We also know how to eat on a budget. When we were younger, we were living off of $20 a week for food. Lots of crock pot meals were had.

CD’s are great for long term. Wehave our money in a high yield savings for the wedding because it gains 1.75% APR and we don’t have to wait a long time for that to accumulate.

At the start it’s really hard to go through your spending, but mint.com makes it easy to see where every penny is going. SO use to eat Subway for lunch everyday. $5 sub turns into $8 meal with chips and a drink. Now he packs his lunch the night before.


Post # 16
1335 posts
Bumble bee
  • Wedding: August 2011

@mzb2be: You sound like a great mom with an amazing little girl. So sweet that you’re going to start a wedding fund.

I love that everyone on this board is so fiscally responsible. Gives me a lot of good ideas on how to get smarter with money. Thanks 🙂

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