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Old 05-15-2008, 10:56 AM
ScrimpAndSave ScrimpAndSave is offline
$ Saving College Junior
 
Join Date: Apr 2008
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1) save 20% of paychecks. 10% to retirement and 10% to house fund.

I currently take home $1,156 every two weeks and save $700 of it.

2) keep expenses and debt low. Start repaying the debt now (why wait). Paying this down now saves you money and would allow a larger house payment because debt load would be lower.

I am debt free. Any debt there is - is in his name...we are not married as of yet.

3) pay cash for wedding and do not let wedding push debt higher.

I am only paying cash for the wedding - have an ING account that is open only for that.

4) do everything you can now to maximize fiance's earning power when he passes bar (maybe be flexible and you work 2 jobs now, so he studies and aces bar exam in a year or two).

Yeah, I might be able to do this.
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