When Adelaide couple Jaz and Reid first met, they had no idea that their relationship would turn into a “life” together.
In those early days, they didn’t have to think about planning for big things. But, as things got more serious, so did the reality of being financially ready for it.
They both had personal debt that they managed to clear, and once they had a solid grasp on their finances, they bought a house together.
Things seemed “on track” and they didn’t think they needed any financial guidance. Until one thing came along to change the engaged couple’s mind: the impending birth of their now one-year-old, Jack.
“We were planning and ‘doing’ a life together – but we hadn’t combined finances,” Jaz explains to Mamamia. “We wanted help to do that, and then to take those combined finances to the next level. We thought, ‘We can’t be having a baby and still have different accounts personally’.
“We always had healthy savings, but now had someone we needed to plan for.”
Jaz, 31, who’s in sales, and Reid, 35, a construction supervisor, had been together for four-and-a-half years.
When Jaz was 21 weeks’ pregnant, she and Reid decided they had to do something to grow their savings to prepare for their new life. They had a good friend who knew a lot about that – Tammy Barton, the founder of personal budgeting service MyBudget.
Jaz was initially reluctant to seek the services of MyBudget, as she was concerned about having to sacrifice her lifestyle (a very valid worry for a lot of parents!).
“I still wanted to shop,” she says. “We wanted to renovate our house and go on a holiday.
“I didn’t want to be restricted, because we’d already worked hard to get where we were. I wanted to still enjoy what we’ve worked for.
“I didn’t know about the potential structure it would involve, and I was apprehensive about it.”