As newlyweds, Adam and Laura are setting out on a long journey together. Does their compatibility in love extend to their views on money?
For Adam, the last six months have been the happiest of his life and marriage to Laura is still a source of great pride. It took thirteen years to get there though. “You have to save up for these things,” he says. “For years, we never thought we could actually afford to.”
In fact, Laura recalls telling Adam not to propose unless they could afford to get married. When he did pop the question, it gave them six months to organise and save but both agree it was an “amazing day” made possible in no small part by Laura’s “good budgeting” and Adam’s “good funding”. “It’s the perfect team”, says Laura, “but we are quite different when it comes to money”.
Laura is plainly the best saver and Adam admires her for it. “I don't know how she saves the money she does out of her wage.” It's very simple, Laura instructs him. “We have a little book of pennies and we have to budget everything.”
When saving for the wedding, Laura confesses to resorting to her beloved Excel spreadsheets. “It’s my best friend when it comes to budgeting.” Left to Adam, she notes, they wouldn’t have a clue what they had or what they spent. “I’d have well over-spent”, he admits.
“If you think rather than spend, you will save a lot of money,” explains Laura. And by saving money on the things that matter less, you can go large on the things that are really important. The cake was “very expensive”, notes Adam, even if Laura paid for it out of her own pocket.
“We budgeted for the wedding like we budget for life and budget for a job,” comments Laura. By Adam’s own admission though, she rightly holds the purse strings in this relationship from now on. They will never share a bank account, she asserts. Adam thinks that’s about right. “I’ll spend all your money.”
The opinions expressed above and in the accompanying video are of the featured customers and not that of the bank.
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