A couple say they save $40k annually by being child-free and celebrating their freedom by going on three holidays a year and being financially "frivolous".
Ella and Nick Maegraph, both 27, have been married for two years and are currently "enjoying" their child-free lifestyle.
They splash their cash on trips to Canada and Singapore and enjoying weekly meals out with friends.
Despite the pair say they can be "frivolous" with their money they still manage to save $3.7k-a-month between them on average.
Ella, a travel agent, from Adelaide, Australia, said: "We are enjoying being able to save and pay off debts and we are at the point in our lives where we can indulge in our personal spending.
"Between us both, we are earning $13k-a-month and are saving around $3.7k
"We have been able to travel and enjoy this stage of our life that we are in."
Ella and Nick have been together since 2018 and one day plan to have a family of their own, but first plan to spend their hard-earned cash however they choose.
She said: "We are enjoying saving, paying off debt and yes living it up and indulging in our personal spending.
"Holiday travel is really important for us, even just the everyday stuff like going to buy a coffee.
"We also love going out for food and drinks with our friends on the weekend, it isn't necessarily expensive but feels indulgent."
This year, Ella and Nick have mainly travelled domestically, going to Tasmania, Douglas and Sydney.
The pair have booked a trip to the US in the New Year and plan to visit New York, Los Angeles, Boston and San Francisco.
Ella said: "We are not tied to much so we have the flexibility to do what we want.
"Spending quality time together is one of my love languages, having that time together is very important.
"We prioritise going away together, going on a walk or having a date night.
"Life goes by so fast and once we have kids we will have them for the rest of our lives.
"We are definitely in the mentality that we want to enjoy our life together as a married couple before having kids."
Despite having an average monthly spend of $3.5k Ella and Nick can save around $40k-a-year.
Ella said: "We save a couple of thousands of dollars a month, the last few months we have been trying to pay off our car loan and have been putting our money towards that.
"I guess it allows us to take financial risk, be a little bit more frivolous with our money.
"We have had a very good year, we have been able to travel and buy a new car.
"We are enjoying the stage of life that we are in."
Nick said: "We're both really excited about the prospect of having a family in the future.
"For now we're just enjoying our lifestyle and taking things as they come."
MONTHLY SPENDING
- $4000 bills
- $60 subscriptions
- $550 groceries
- $150 drinks
- $500 travel
MONTHLY SAVING
- $3.7k on average
Ella and Nick Maegraph, both 27, have been married for two years and are currently "enjoying" their child-free lifestyle.
They splash their cash on trips to Canada and Singapore and enjoying weekly meals out with friends.
Despite the pair say they can be "frivolous" with their money they still manage to save $3.7k-a-month between them on average.
Ella, a travel agent, from Adelaide, Australia, said: "We are enjoying being able to save and pay off debts and we are at the point in our lives where we can indulge in our personal spending.
"Between us both, we are earning $13k-a-month and are saving around $3.7k
"We have been able to travel and enjoy this stage of our life that we are in."
Ella and Nick have been together since 2018 and one day plan to have a family of their own, but first plan to spend their hard-earned cash however they choose.
She said: "We are enjoying saving, paying off debt and yes living it up and indulging in our personal spending.
"Holiday travel is really important for us, even just the everyday stuff like going to buy a coffee.
"We also love going out for food and drinks with our friends on the weekend, it isn't necessarily expensive but feels indulgent."
This year, Ella and Nick have mainly travelled domestically, going to Tasmania, Douglas and Sydney.
The pair have booked a trip to the US in the New Year and plan to visit New York, Los Angeles, Boston and San Francisco.
Ella said: "We are not tied to much so we have the flexibility to do what we want.
"Spending quality time together is one of my love languages, having that time together is very important.
"We prioritise going away together, going on a walk or having a date night.
"Life goes by so fast and once we have kids we will have them for the rest of our lives.
"We are definitely in the mentality that we want to enjoy our life together as a married couple before having kids."
Despite having an average monthly spend of $3.5k Ella and Nick can save around $40k-a-year.
Ella said: "We save a couple of thousands of dollars a month, the last few months we have been trying to pay off our car loan and have been putting our money towards that.
"I guess it allows us to take financial risk, be a little bit more frivolous with our money.
"We have had a very good year, we have been able to travel and buy a new car.
"We are enjoying the stage of life that we are in."
Nick said: "We're both really excited about the prospect of having a family in the future.
"For now we're just enjoying our lifestyle and taking things as they come."
MONTHLY SPENDING
- $4000 bills
- $60 subscriptions
- $550 groceries
- $150 drinks
- $500 travel
MONTHLY SAVING
- $3.7k on average
Category
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FunTranscript
00:00 If you're like me and love seeing how people spend their money, then this video is for you.
00:03 My name is Ella, I'm 27, and my husband and I are a dual income, no-kid household,
00:07 and this is everything we spent this week.
00:09 It'll probably come as no surprise that our biggest expense this week was our mortgage.
00:12 This comes out fortnightly, and we paid $1,374.33.
00:16 We also had our car insurance payment come out, which was $77.03,
00:20 and our gas bill for the house, which was $126.92 for the quarter.
00:24 We spent $31.38 on our gym memberships and $13.99 on our Disney+ subscription.
00:29 We then spent $128.75 on groceries this week, and then another $50 on coffee beans.
00:35 Friday, we always treat ourselves to Takeaway. That was just over $31.
00:38 And we spent $128.79 on going out this week.
00:41 One thing I always get roasted about in the comments is our coffee spending,
00:44 and this week is no exception.
00:45 We spent $55.63 on Takeaway coffee between us, and I am A-okay with that.
00:50 I've been sharing our financial journey online, on here, and on my YouTube channel for a while now,
00:54 and one thing I've come to realize is that everyone values very different things,
00:57 and this is just a big money value for us.
01:00 We love getting out, going for a walk, grabbing a coffee.
01:02 It's really our time to be together.
01:03 You might not get it, and that's okay. Nobody is asking you to.
01:06 Do you know what I don't get?
01:07 Old mate Steve down the road who spends all his money on model airplanes,
01:09 but I don't judge because everyone values different things.
01:12 Anyway, we spent $18.22 on ride share, and then $15 on public transport,
01:16 $39 on petrol, and $97 on various miscellaneous expenses,
01:20 things like Christmas gifts and Mabel's haircut,
01:22 which brings our total spend this week to $2,187.09.
01:26 83% was spent on needs, and 17% on wants.
01:30 Hi, my name is Ella. I'm 27, and my husband and I are a dual-income, no-kid household,
01:34 and this is everything we spent this week.
01:36 For some reason, my last video seemed to attract a lot of media attention,
01:39 so here's hoping this video annoys the boomers just as much.
01:42 This week, I went and got my hair done.
01:44 I just get it cut and styled, which cost me $100.
01:46 I typically get my hair done, like, twice a year.
01:48 I then spent $134.91 on groceries for the week, a little bit more than usual,
01:52 but we had more meat-heavy dishes this week, which always cost a little more.
01:55 This week, I tried really hard to avoid all of the Black Friday sales.
01:58 The only thing we got was some Pete Alexander pajamas for Christmas
02:01 because they're having 25% off.
02:03 Me and my family are all gonna be matching, which is so cute and wholesome.
02:05 We did some Christmas shopping as well, so we spent $100 on gifts.
02:08 Now, everyone has different money values,
02:09 but if there's two things I don't feel guilty about spending money on,
02:12 it's gonna be coffee and my dog.
02:13 We spent $55.50 on coffee this week, and $141.79 on Mabel.
02:18 I bought these liver treats, and then completely underestimated how big a one-kilo bag was.
02:22 I think these might last until she's 10 years old.
02:24 We then spent $68.89 on eating out, $31.38 on the gym,
02:28 $79.67 on petrol, $25.90 on ride share,
02:31 and $79 on alcohol/going out,
02:34 which brings our total spend for this week to $1,079.34.
02:39 We had no mortgage payments this week, so we put an extra $500 towards debt payoff,
02:42 and $1,470 into savings.
02:45 Here is how we spent nearly $3,500 in one week as a dual-income, no-kid household.
02:50 Am I proud of this amount?
02:51 No, not really, but it was just a very spending week.
02:54 Our mortgage payment came out, which was $1,783.04.
02:58 That comes out fortnightly, and our bills were $248.13 this week.
03:02 We spent $42.97 on subscriptions, and $112.01 on groceries for the week.
03:07 I always get questions about how we keep our grocery bill so low.
03:10 We mostly shop at Audi, and we try and eat as many veggie meals throughout the week,
03:12 'cause meat is so expensive.
03:14 Coffee, we spent $69.85 on.
03:16 I know not everyone understands our coffee obsession.
03:18 Honestly, it's just our favorite way to spend time together.
03:20 We spent $118.57 on eating out, and $133.90 on petrol.
03:26 The real killer for us this week was home stuff.
03:28 We spent $919.79 on various home expenses.
03:33 We went Christmas decor shopping, and I finally got some artwork to hang in our dining room,
03:37 so I had to get that printed and framed.
03:38 And then what really blew the budget was getting a dog door, finally.
03:41 My parents have the same one, and we've been waiting for it to come back in stock.
03:44 So, we ordered it.
03:45 It was very expensive, but will be a game-changer.
03:48 So, our total spend this week was $3,428.26.
03:53 We'll try again next week.