I’m Engaged! The (Financial) Journey Ahead Of Us

by Team Dinks on September 27, 2010 · 8 comments

After three years of dating I decided it was the right time for to ask my girlfriend the question I have been waiting to ask for a long time: Will you marry me? And the answer, of course, was YES!

While we are definitely enjoying our new relationship status, inevitably we are looking towards the future and slowly but surely planning. If you know me, you know that I’m always trying to plan ahead and this is no different. I’ve already thought about some of the financial challenges we will face before I popped the question. We are prepared to tackle them together.

While some DINKs surely got engaged when they had been in the work force a few years, I’m sure there are an equal number who got engaged while they were in school and can probably relate to a lot of these challenges we will face (and overcome) in our marriage:

1) DEBT: Combined we have quite a bit of student debt. My fiance will go to grad school within the first couple years so her loans will be on hold for the time being. Either way we will eventually have to pay down this giant debt (though I think it was well worth the investment). We don’t really have any other debt at this point besides this, but there is a possibility around the time of the wedding next summer that we will be so low on cash that we have to go into a little debt just to get through that time in our lives (see #3).

2) Uncertainty: It’s a pretty difficult time to be graduating from college. I will be done in December and my fiance will finish in the Spring. Uncertainty about jobs, income, and the economy will be surrounding us. I think we will survive because we both are willing to work very hard to make ends meet. I used to be concerned about finding the “right” full time job, and there is a good chance I will get that job with the income and benefits I desire, but I am also ready to do what I have to do if that does not work out.

3) Wedding:
The wedding won’t be cheap; there is a reason many claim that many people call the wedding industry “recession-proof.” We won’t be receiving significant (take that to mean what you want) help from either side of our family. While we will get some aid, we will need to save up whatever money we can so that we don’t have to take out too much debt to pay for the wedding. Preferably we would take out no debt but there is a good chance that won’t be realistic for us.

So we begin our (financial) journey together. I definitely credit my early exposure to finance blogs as a reason why I feel prepared to take on some of the challenges ahead of us. We hope you read some of our updates along the way and give us your advice!

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{ 8 comments… read them below or add one }

1 ken September 27, 2010 at 1:48 pm

Wait a while, whats the rush?

2 ken September 27, 2010 at 1:48 pm

Also this blog has really gone downhill.

3 Megan September 27, 2010 at 4:24 pm

Can’t wait to hear more. My fiance and I have been engaged for 10 months already and our wedding isn’t for another 12. We just moved, are finishing school and figuring out how to pay for the wedding. None of the challenges you mentioned are easy but being engaged is amazing. Congrats!

4 jon_snow September 27, 2010 at 5:53 pm


Of course you get married because you have found someone you want to spend the rest of your life together – but don’t discount the financial benefits.

When I met my girlfriend (now my wife) about 6 years ago, our net worth together was perhaps $150k… six years of good dual incomes, no kids, and living within our means has allowed us to amass a net worth in excess of 1.1 million. Some good fortune in real estate and investments is a big factor, but it is spending way less than than we make that is the key. After tax, we probably pull in about 90k, and our yearly expenses are about 36k…. its not hard to do the math… we are able to save a ton

5 J$ September 27, 2010 at 9:20 pm

Congrats bro!!! Definitely an exciting time in our lives :) Everything will work out just perfectly, regardless of how much it ends up costing. You already did the hard part – finding the girl! Haha…

6 David Carlson September 27, 2010 at 11:28 pm

Thanks all!

@megan That’s great! I am graduating in December and she is graduating in May (both undergrad) so the time just seemed right. Our wedding will be in approximately 12 months, so I’m definitely looking forward to it!

@jon_snow That’s pretty impressive. I know it’s difficult to not spend most if not all of your income (at least for most couples!) so hopefully we can follow in your footsteps.

@J$ Haha yes the hardest part is done!

7 Miss T @ Prairie EcoThrifter September 28, 2010 at 10:47 am

Congratulations. I got married last year and it really was a great time. Be sure to enjoy the true meaning of it and don’t get wrapped up in the planning and financials of it. I wish you all the best.
I will be posting next week on how to have a green wedding if you are interested in checking it out.

8 Kristina September 28, 2010 at 6:13 pm

Congratulations. I wish you all the best both financially and in your marriage.

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