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Started By
Message
Getting married in April- advice guys
Posted on 1/17/16 at 8:49 am
Posted on 1/17/16 at 8:49 am
I'm 38 she is 31. Make about $100,000 combined. House is paid off (worth about $260,000). $16,000 in student loans, $9000 in other debt, she has a car payment (300$/month), I have no car payment, pay $650/month for her daughters school (she's 7 in catholic school). We have a joint account already and have set a budget where we would save around $1,000/month. Any other advice from the wise people on the money board?
This post was edited on 1/17/16 at 8:52 am
Posted on 1/17/16 at 8:56 am to TechDawg2007
Don't do it!?
Just kidding, good luck to you. How do you have a $260k house paid off but still have $16k in student loans and $9k in other debt? Also, are you saving for retirement? Is public school not an option where you live?
Just kidding, good luck to you. How do you have a $260k house paid off but still have $16k in student loans and $9k in other debt? Also, are you saving for retirement? Is public school not an option where you live?
Posted on 1/17/16 at 8:59 am to TechDawg2007
Roth IRA, life insurance, disability insurance, 529 plan for the child? How is your retirement? Are you where you need to be?
Congrats on getting married! Hope you enjoy it as much as I do.
Congrats on getting married! Hope you enjoy it as much as I do.
Posted on 1/17/16 at 8:59 am to LSUSUPERSTAR
We are saving for retirement. Me %7 her %7. We are in the process of knocking out the debt. The house was an inheritance. Public school is not an option. We are both catholic and have decided to keep her in catholic school
Posted on 1/17/16 at 9:05 am to TechDawg2007
quote:
for her daughters school
quote:
We are both catholic
Posted on 1/17/16 at 10:05 am to TechDawg2007
Knock out the debt asap, save up 15k as an emergency fund (since house is paid for), and go full speed on retirement. Bump it up till it hurts. Congrats.
Posted on 1/17/16 at 11:54 am to Costanza
What are the rates on the student loans and other debt?
How much of an employer match do you have?
I might consider pulling back on your 7% to pay off the debt if it is north of ~4% (arbitrary number but that would be my threshold).
How much of an employer match do you have?
I might consider pulling back on your 7% to pay off the debt if it is north of ~4% (arbitrary number but that would be my threshold).
Posted on 1/17/16 at 12:23 pm to lynxcat
Try not to sweat the small stuff. Early in marriage you tend to freak over the little things. Did I marry a slob etc. don't freak if she is not perfect with money. Marriage will add years to your life and be a big plus financially over time. But most wives spend a little more than we would have guessed, but we are more gross than they would have guessed. It all works out. Best thing in life bro!! Congrats!!!??
Posted on 1/17/16 at 6:39 pm to TechDawg2007
Not being cynical, but sign some sort of pre nuptial financial agreement. You can say you won't ever need it but if you do ever divorce it will be the best thing you ever did.
If your SO balks, Don't let her say that it will doom your marriage. Sign it and put it in a drawer and never look at it again. Plus if she has a daughter it will be to her benefit as well.
If your SO balks, Don't let her say that it will doom your marriage. Sign it and put it in a drawer and never look at it again. Plus if she has a daughter it will be to her benefit as well.
Posted on 1/17/16 at 7:55 pm to TechDawg2007
I have no advice really. You are ahead of about 80% of the country already because you are productive citizens and you communicate.
Just live within your means and save a bunch of money.
Just live within your means and save a bunch of money.
Posted on 1/17/16 at 8:32 pm to TechDawg2007
Really ... Don't do it.
Posted on 1/17/16 at 10:02 pm to TechDawg2007
Should he get prenup to protect his paid off house?
Posted on 1/17/16 at 10:27 pm to danilo
The house is considered separate property unless they take out a loan together to do any work on the house in the future.
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