when we got engaged, i knew we had to start actually planning out how we spent our money. we both made enough as single people to not really think about it that much. neither one of us were crazy spenders, so we just lived paycheck to paycheck and that worked fine for us.
but we were engaged. we were supposed to be grown-ups. sure i was only 19, but i was going to act like an adult and no one could stop me.
the first major financial decision we made as a couple? buying a car from bryan's parents without any money to do so. [did i mention i was 19 and bryan was 20?] bryan's parents have the gift of generosity and they were happy to give us the car with the agreement that we would pay them back as we could.
the first 8 months or so we started to communicate about finances. we talked about goals, did some tentative budgeting and began to check with each other before spending our money. i specifically remember that we both spoiled each other with tons of nice and expensive christmas gifts because we knew that it was the last year we'd be able to do so without thinking the better of it.
at the beginning of 2009, we had close to $13,000 in debt. most of it was for my car loan which we were paying interest on and the rest was what we owed to bryan's parents.
having many good ideas about money management, and being self-controlled and decently wise with our money, we also enrolled in financial peace university which is a dave ramsey program.
i'll be writing more about what we learned from f.p.u. next week, but until then, i'll leave with this hilarious comparison showing how similar my father-in-law and dave ramsey look.