Since we got engaged and announced that we were buying a house, I have gotten a lot of comments, messages, and tweets and how we are saving/saved and how we were able to afford both.
I posted a video on my youtube channel yesterday explaining where our money came from and what we did to make it easier just starting out as a newly married couple.
You can watch the video here
or you can read these bullet points.
- My dad had put money into an account for me since I was little to help pay for these kinds of things (we used it to help with a down payment, caterer bill, and the tent)
- Stefan and I opened a joint bank account in advance to use on only wedding and future investments
- We both went to college and got Bachelor degrees and Stefan got a salaried job in his field prior to the wedding and buying a home
- We talked about what our wedding budget was and were we wanted to splurge
- We cut out unnecessary costs such as choosing less fancy plastic plates for the wedding
- We aren't living above our means
- We purchased used appliances that aren't top of the line but work just as well
- A lot of our furniture was handed down to us or we bought it second hand and made it our own
- Our parents are very supportive and helped out with the wedding and are helping us work on our home
- We received money and gifts from my shower and the wedding from friends and family who wanted to help us start our new life together
- We both lived at home until we got married and lived with his parents until our house was ready
- Once you start renting it will be harder to save for a down payment. Try to save enough for a down payment so that you don't end up pouring money into rent every month
- We both had good credit from paying off school/car loans and we also had a credit card that we rarely used and paid off regularly to help build our credit
I think that was all I had shared in the video and then some. Hope both of them give you some things to think about!
*Disclaimer. The five dollars in the picture above will not buy you a house or pay for your wedding. It was merely a prop for a silly thumbnail which is a popular thing to do on youtube.
*Serious disclaimer. I am not a budget professional nor do I claim to be. I'm simply sharing our experiences and opinions with you :)