Tag

Saving Goals

All articles tagged with #saving goals

personal-finance2 years ago

"30-Year-Old Chicago Couple Aims to Save $2.5M by 40 on $227K Income"

Jenna Bhaloo and Neil Desai, a 30-year-old couple in Chicago, aim to achieve a net worth of $2.5 million by their early 40s to attain financial independence. With a combined annual income of $227,000, they prioritize living below their means while still enjoying life, focusing on savings and investments. Both debt-free, they track their spending using a budgeting app and are open to splurging on food and travel. Their future plans include potentially moving abroad and continuing to pursue their love of traveling.

personal-finance2 years ago

"Financial Lessons from a High-Earning Couple on the Brink of Homelessness"

A 33-year-old doctor and her husband in Los Angeles, who make over $200,000 a year, found themselves on the verge of homelessness due to their lavish spending habits. Lessons to learn from their mistakes include having open conversations about finances with your partner, paying down credit card debt, building an emergency fund, saving for goals without exceeding earnings, and avoiding lifestyle creep by closely monitoring expenses and following a budget.