Does anyone else do this?

posted 3 years ago in 20 Something
Post # 3
2787 posts
Sugar bee
  • Wedding: June 2013

@alysee:  Nope since I am a student (RyU..yay!) and make no income right now..but this is a great game plan. 

Where do you plan to but in the GTA may I ask?

Post # 4
5160 posts
Bee Keeper
  • Wedding: April 2013

@alysee:  Yup, we do that too.  Our situation sounds almost identical to yours.

Post # 5
2551 posts
Sugar bee
  • Wedding: September 2010

Oh, to have fairly high paying jobs 🙂

No, I’m a graduate student. Maybe after I graduate and get a career job instead of this baby-sized stipend.

Post # 6
1361 posts
Bumble bee
  • Wedding: January 2014

Pretty much. We don’t have rent or bills to pay for, so DH pays for groceries, his car loan and any bills we get and we save my income (as well as whatever is left from his). I use my income to pay for anything online, emergencies ect. but generally we save most of mine. We were saving it for the wedding and my schooling, but now that both of those things have been paid for a house and an overseas vacation are next on the list.

Post # 7
4042 posts
Honey bee

@alysee:  We currently do it. I make almost twice what DH makes and our expenses are low. We are putting away his paycheck toward buying a home. However, once we buy a house, our expenses will go up slightly, so we will need to tap into his income a little more. Once we pay off all our student loans (within the next 5 years), then we can go back to living off of one income.

Post # 8
1195 posts
Bumble bee
  • Wedding: July 2013

@alysee:  We are doing that now…although it will not be paid for totally in cash but a good chunk will 🙂 it will be so nice!

Post # 9
845 posts
Busy bee
  • Wedding: August 2015

@alysee:  My mom suggested my FI and I do that when we move in together. I’d be interested in giving it a try.

Post # 11
3433 posts
Sugar bee
  • Wedding: July 2012 - The Gables Inn, Santa Rosa, CA

@alysee:  As much as I’d love to, DH and I aren’t there, but this is our goal! 

We haven’t been able to quite reach this goal, but we recently paid off almost all of our debt (except for our house) and are might even be at this point beginning in March or April. 

Post # 12
1952 posts
Buzzing bee
  • Wedding: October 2013

We’ve combined all our finances 🙂

Post # 13
69 posts
Worker bee
  • Wedding: July 2016

FI and are are planning to do this at the end of the year when he graduates. He’ll be making quite decent money while we are saving for a house. In addition to being frugal with his income, my university performance this year should secure me a pretty hefty scholarship for the next few years that we would be able to place directly into savings, plus any part time teaching work that I pick up.

Post # 14
331 posts
Helper bee
  • Wedding: March 2015

*sigh* This used to be us… We used my smaller income for vacations, investing and looking into buying our second property. Then we went and lost our minds and bought a small business. I left my well-paid job to work for myself and kissed goodbye to the extra income. We’re not struggling or anything, but I really miss the income!! 

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