- 4 years ago
- Wedding: June 2016
This may not be completely appropriate for the waiting boards, but it’s definitely related to my waiting angst:
Bees… how on earth do you all exist in the real world?!?! I am having a major freak out after starting to put together a rudimentary budget. SO and I have been living on student loans and a few hours a week at part time jobs while we’re both in school. He’ll be graduating with a graduate degree in engineering in December and i’ll be graduating with a Bachelor’s degree in Geology in May. He’s already accepted a job offer so we know what his income will be, and I can take a pretty good guess at what mine will be as well. Combined, we’ll be making close to $100k before taxes. For being 22 and 23, I thought we were doing pretty well for ourselves and would have extra money for vacations and fun activities. WRONG. I thought I had a rough idea of how much student debt I was in, and I underestimated a bit. I also underestimated my SO’s debt load as well. When it’s all said and done, we have almost $170k of student debt. I feel sick to my stomach. I feel like money is going to prevent us from moving forward with our lives. How can we afford an engagement ring, let alone a WEDDING with this much debt hanging over our heads?!
After laying everything out in excel and estimating monthly payments (rent, utilities, car payments, insurance, and so on), we would have less than $100 left at the end of the month while I’m still in school. After I start a job, it’ll be about $1700 ‘left over’, but by then our 6-month grace periods are up and the $1600 a month student loan payments kick in. We’ll be left with essentially $200 that is ‘extra’. We can’t move on to getting engaged, getting married, buying a house and having kids at this rate, right?
SO somehow doesn’t seem too concerned. He’s been talking a lot about getting engaged in the spring, so I thought I’d fill him in on the insane hole of debt we’re currently in. He just joked that we could not eat so he could pay for my ring. I told him we can’t afford to save for a down payment on a house when we’re paying almost two grand a month in loan payments, and again he said we would be fine and if other people make it work then we’ll be able to make it work too.
So bees: HOW DO YOU MAKE IT WORK?! I’m only a few months away from entering the ‘adult’ world and I am terrified. How do people make ends meet and still have money for a ring, a wedding, a house and children? I don’t want a fancy ring or a big wedding, I just want to keep things simple and be with the guy I love…but it seems like even “simple” isn’t in the budget. And I know he will eventually realize how unfeasible it is to get engaged next year and I’ll have to let go of that tiny inkling of hope that it’s still possible.