1499: How One Millennial Couple Saves 25000 Per Year by Jen Hayes on Paying Down Debt

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🗓️ 17 April 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jen Hayes talks about one millennial couples that saves 25k per year. Episode 1499: How One Millennial Couple Saves 25000 Per Year by Jen Hayes on Paying Down Debt A few years ago, Jen and her husband were buried in $117,000 of student loan debt. Now, they've paid off over $100k of debt, and they're on track to have the rest paid off by the end of this year. Join their email list to get exclusive tips on how to save money, earn more, and live like no one else. The original post is located here: https://www.jenhayes.me//how-one-millennial-couple-save-25000-per-year/ With the SendPro software, you can compare shipping rates between carriers, plus save 40 percent off USPS Priority Mail shipping and get 5 cents off every letter you send. Our listeners can try it FREE for 30 days and get a FREE 10 pound scale, but only when you visit: PB.com/OFD. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily episode 1499, how one millennial couple saves $25,000 per year
0:08.1	by Jen Hayes of JenHays.me, and I'm your host and personal finance enthusiast, Diana Miriam.
0:15.1	This is the show where I narrate posts from thought leaders in personal finance every single day of
0:19.8	the year in 10 minutes or less. And just in case you didn't catch this in the Optimal Living
0:24.4	Daily newsletter, I wanted to make sure that you know that we have a workbook available for purchase.
0:30.0	The Optimal Living Daily workbook is a 216 page hardcover workbook and journal designed to
0:36.6	help you solidify your takeaways from your favorite episodes and create action items to move
0:41.9	forward with your personal relationship and financial goals. It's available in the shop at
0:47.2	oldpodcast.com. For now, let's get right to it and continue optimizing your life.
0:57.2	How one millennial couple saves $25,000 per year by JenHays of JenHays.me.
1:04.9	My husband and I are currently working on a slightly crazy goal of paying off $117,000
1:11.4	of student loan debt in just three years. Our combined gross income is in the mid to high five
1:17.2	figures, so it's not like we're rolling in the dough. That means that in order to accomplish our
1:22.1	lofty goal, we need to scrimp as much as possible. Fortunately, we have found ways to save $25,000 per
1:29.9	year. No cable at $360 per year. We never watch cable. My husband and I live with my parents
1:38.8	who have cable and the two of us haven't used it a single time. My parents pay for it,
1:43.6	so we could use it if we wanted to, but neither of us like watching regular TV. Once we buy our
1:49.0	own house, we won't be wasting hundreds of dollars on cable TV that we don't even watch.
1:53.6	We currently have a Netflix subscription, which is worth every penny of the $8 we pay for it every
1:58.5	month. No shopping for non necessities. $500 per year. When we started our three-year plan to
2:06.3	get out of debt, I implemented a three-year spending ban for myself. For those who have asked,
2:12.2	no, my husband is not also on this three-year spending ban. He has drastically reduced his spending,
	...

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