This week, Gail continued the theme of life changes, touching on moving out for the first time, getting married, and making plans for aging parents.
At my graduation from high school, I won a hope chest filled with small household items with everything from blankets to measuring cups. Looking back, I don’t think I realized at the time what a huge gift it was to get all of those things for free. Gail touches this week on the large cost that comes with setting up your first home.
Gail mentions asking friends and family if they have any extra items they are getting rid of. I also encourage you to check out free item pages such as Craigslist and Facebook marketplace as there are often dishes or household items posted free of cost. Small items add up fast, so if you can get a deal, go for it!
Budgeting and Emergency Funds
Setting up a budget will give a more realistic picture of what you can afford and how much you need to save before moving out.
Getting married costs money. There’s really no way around that, but how much you spend is totally up to you.
Two important thoughts Gail shares with respects to getting married are:
1. A wedding (ie. a party) is a consumer item, not an investment
2. Have as big a wedding as you can afford, but do not go into debt to pay for a party
One member of our Instagram community just had her wedding anniversary and she shared her thoughts on what she would do differently if she were to get married today (to the same man, of course!)
It is easy to get swept up in the big business of weddings, but it can’t hurt to entertain a different perspective. I appreciated Jenny’s honest look back at how some of what she valued changed from then to now.
These are conversations that will be hard to have not only because the parents might not be willing, but also because it’s hard for the kids to face–at least it certainly is for me. I’ve heard enough stories through the years though to emphasize the importance of having tough conversations.
Things to Keep Track of With Your Parents
This next tweet was an important one to note. Make sure to do things properly with the banks so there are no penalties if fraudulent activity happens on the account. According to Gail, it is not safe for your parents to just share their banking password with you, you need to be a joint account to have access.
What life stages are you at right now? Have you had to tackle any of these tough issues in this season?
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