summit-bracket2 bracket2 atm-outline location-pin-outline location-pin-filled atm-filled calendar2 bracket google-play[2] app-store summit-location-pin-lg code lock user worksheets phone print programs open pdf checkmark-form close-x close download checkmark-chart checklists blog-tools social-facebook social-google-plus social-pinterest social-twitter social-youtube ehl calendar calculators bracket22 checkmark email text-area-corner external-link success error information warning calendar-add-event auto-rates mortgage-rates home-equity new-certificates ncua summit-logo-itmoi arrow-left arrow-right checkmark2 summit-logo-white summit-bracket silhouette arrow-down arrow-up auto-rates2 blog calculators2 call ehl2 home-equity2 itmoi locate mortgage-rates2 new-certificates2 programs2 search summit-location-pin-sm tools clock
who Will win $10,000?
Join our participants as they reduce debt and increase savings with the help of Summit financial coaches.

Jenniffer's Journey:

Here Comes the Bride

It’s official. I changed my Facebook status to engaged. I was pretty sure that “engaged” wasn’t included as an option in my profile, but alas, there it was when I recently went to update my status with the photos my friend Julie took in the very moment when Scott asked me to marry him.

marriage proposalI’ve spent most of Ashley’s life as the only person listed on all of my bank accounts. I spent money as I wished, on what I wished, whenever I wished. If I wanted to buy a new pair of shoes that were overpriced “but they were on sale and I saved a lot of money”, I could do that, and I didn’t have to hide them or come up with a way to nonchalantly work them into my wardrobe when my partner wasn’t paying attention. Or, if I wanted to charge purchases on my credit card, I could do that as much as I wanted, and I was the only one suffering from a bad case of buyer’s remorse when the statement came. 

Scott and I met when my money mindset was best described as moderately reckless sprinkled with some occasional discipline and an unintended side of stress. He’s watched me through the first few months of Project Money, he’s seen my money mindset morphing, and he’s had to listen to all my chatter about saving money and decreasing debt. And yet he still asked me to marry him!

I’m sure you’re wondering, “When is the big day?” “Where are you getting married?” “Am I invited?” and most importantly, “Are you getting married during Project Money!?!?” The answer to that last question was easy for me – in order for Scott and I to have the wedding day of our dreams, it will cost us more than a day’s worth of money. I’ve already set up a sub-savings account at Summit to start saving for our big day. I’ve asked Scott to start saving as well. We will talk about our short and long-term financial goals now and what those goals might be when we are married. And no, we are not getting married during Project Money.

That brings me to this week’s financial fun fact: conversations about money can cause a lot of heartache in relationships. But they don’t have to be riddled with frustration and angst if you can set some realistic short and long-term goals (and stick to them) and come up with a budget that works for both of you. 

I know that with marriage comes joint finances, and with joint finances will come some changes to how Scott and I are managing our individual finances now so we can be successful with our joint finances later. But I also know that Scott is a reasonable, intelligent man, so it will all work out. After all, he loves a Starbucks raspberry mocha almost as much as I do.  


Add new comment