Wednesday, August 24, 2011

An Evening of Money and Love

It's always scary for me to visit a financial advisor or talk to someone about my spending habits.  I equate it to going to the dentist.  Am I doing a good job brushing (saving)?  Do I have any cavities (problems)?  Am I going to get in trouble for carrying my credit card balance a few months since we bought a piano and didn't want to live on rice and beans for that time?  As any loyal reader will know, I have a hate-hate relationship with dentists. Thankfully the financial advisor was a much less painful experience yesterday.

The Man and I visited a new (to us) advisor yesterday to sort of figure out where we are financially, where we're headed, and how to best plan for our future.  We have done this in the past, but our income and priorities were different then.  The advisor walked us through a few options, discussed how she likes to invest people's money, and how she thought we'd benefit best from her services.  She never spoke down to us or made us feel stupid, nor was she too technical or demanding.  We arrived with all of our paperwork neatly organized and current, so she even complimented our efforts on that front (yay!).

In the end, I don't think we had any cavities.  We're good savers, but we could always save more.  We'll probably have enough for a small down-payment on a house in our insanely-overpriced town in about a year (or less if we buy in neighboring towns and fork out money for gas each way).  And we can work kids into our financial situation whenever God blesses us with them.

What The Man and I don't understand is how people our age can afford a house.  Where are down-payments coming from?  Are our cohorts stupid enough to get into a house without a down-payment?  Or are they lucky enough to have financial assistance from their parents or other family?  I mean, seriously!  Either they make WAAAAY more money than The Man and I do, or they are paying out the nose on fees and interest.  Are you under 30 and own a home?  How did you manage to do that?

At least The Man and I were able to grab dinner out after our meeting with the financial advisor and talk about what we learned and where we are.  We keep hearing that the one thing couples fight about most is money, but we're very thankful that we agree on money matters the vast majority of the time.  And when we don't agree, it's usually about what kind of M&Ms to buy, just so you know (peanut vs. peanut butter, oh the decisions!).  It was a nice dinner together realizing how well we do band together for these life events, how we take on big decisions together instead of against each other.

It's nice to have someone reaffirm what you believe.  Yet one more reason I love The Man.


Anonymous said...

Awe, how sweet! Isn't growing up fun?

MissKris said...

Move to Michigan. We're in the middle of a depression, let alone recession, here in the Detroit area. A house down the street...3 BR, 2 baths, totally updated, detached 2 car garage, pool in the back yard, and a huge yard...$115,000. And this is one of the nicest neighborhoods in our city. Some of the bombed-out ones in Detroit itself...well, you could be a squatter and move right in, HA!

Lauri Mac said...

We went through the willamette neighborhood housing services first time homebuyer's class. Super informative and we got a lot of help buying a house on a tiny income. Go to or look through a lbcc catalog!

Skunk said...

You're going to hate this answer, but we both had financial advisors since high school, therefore we both had various funds for quite some time. Please don't hate us. :)

Jeff W said...

Financial planning is always good. Also, land is cheap up here in the Tri-cities. Food for thought! :p