Wedding, car, house – where to start?

2011-12-03 15:02

Mpho faced a financial dilemma that many young people have to deal with when they are starting married life.

There are so many expenses and demands on our income in those early years.

The key was for Mpho and his fiancee to sit down and work out a realistic budget for their wedding, and to decide whether a house and car were priorities.

They also had to understand the effect of short-term debt on their long-term dreams.

Mpho’s response:
We decided to buy the house first.

We paid off as much debt as possible, and because we stuck to the plan, our debt was cleared at the end of last month.

Now that we have achieved that, we will save up for the wedding from this month with the money that was going towards paying off the debt. After that we will think about buying a car.

I wish that my wife had a more positive outlook on our finances and stuck to our plans.

But this takes time, so in time we will be okay.

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