HisHersMoney

Right now we have about $17,000 in savings. Some of this money is already spoken for, ski trips this winter, money towards our Roth IRAs, etc. I have to say it wasn’t as hard to get here as I thought it would be. I can’t tell you the last time I went clothes shopping like I used to, or the last time His went crazy buying electronics or video games.

The biggest enabler for us was learning to live on one paycheck so that the second one goes right in savings. We still have two checking accounts. His paycheck goes in the main account and Hers still goes in Her credit union. We live on His to pay all the household bills and insurance and the only things that comes out of Hers is one car payment and the ski condo expenses.

This is currently allowing us allocate $1850 from His paycheck towards debt repayment / savings and about $3500-$4000 from Hers paycheck each month into savings. Our goal is to reach $5000 a month in savings outside of our 401k and Roth IRa contributions.

I think it is completely in our reach!