The big day has come and gone. Hopefully, the two of you are not left with a mountain of debt from your wedding soiree and you will be able to get a fresh start with your new lives together. Newlyweds have so much to deal with and, if they are not careful, finances and all of the issues that go along with it, especially during this economy crisis, could start to weigh heavy on their wedded bliss.
There are some things that the two of you can do now and as you start your new lives for saving, cost-cutting, and staying within your budget. Some are basic things that you may have already started to do. Other tips may be completely new strategies for you to try:
Never waste energy. Those energy bills will be mainstays in your new lives. They simply don’t go away. So, together, come up with ways for helping to conserve so that you keep your bills reasonable and within budget.
From shorter showers to turning off the lights when a room is not being use, the two of you can realize a saving, cost-reduction, and a feeling that you are also helping the environment just by working out your “energy conservation plan”. These small changes can add up to a considerable savings over the long term. That money could be used to help stretch your budget a bit more.
Make cooking a definitive. This economy crisis is making cooking “the in thing” again as more and more people try to cut down on spending money eating out. For newlyweds, cooking together could be a wonderful way to connect as you work to integrate your new lives together with your other roles in life. You could save a tremendous amount and have a lot of fun along the way!
If you do go out, use coupons. Many great restaurants offer an abundance of coupons either through their email club, in your Sunday newspaper, or in the circulars that are delivered to your mailbox on a weekly basis. Sift through these little papers, clip the coupons, and use them to buy for cheap a great evening meal for two! Some even offer whole meal packages that will include a bogo (or buy one get one deal), and drinks for a very low price.
Consider your “real” needs. Maybe a massive apartment is not the most cost-effective way for you two to live. Just think, if you can save on rent there are so many other great things that you two could do with your money. You may even want to consider a short-term rental or one of those “first month free” deals.
Finally, try not to start completely from scratch with your furniture. Keep anything that can has “good bones” and can be recovered, repainted, or reused in another way. This will give you an opportunity for a huge saving. Costs can quickly mount when you are buying “brand new” stuff. Don’t feel like you have to. In fact, before you make any major purchases, take inventory of what you have. If you have excess, sell it on your own or go through a furniture consignment store. You may be able to get something “new” at a later time without spending any of your own hard earned cash. That’s enough to make any newlywed happy!