2499: How One Millennial Couple Saves 25000 Per Year by Jen Hayes on Paying Down Debt

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 29 October 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jen Hayes talks about one millennial couples that saves 25k per year. Episode 2499: 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://jenhayes.me Visit Me Online at OLDPodcast.com 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 2499.
0:04.5	How one millennial couple saves 25,000 per year by Jen Hayes of JenHays.me and I'm your
0:11.5	host and personal finance enthusiast, Diana Mariam.
0:15.4	Welcome back to Optimal Finance Daily, where every day I read and offer commentary on some
0:20.2	of the best personal finance blogs on the web and about 10 minutes or less.
0:24.7	So with that, let's get right to it as we optimize your life.
0:32.4	How one millennial couple saves 25,000 per year by JenHays of JenHays.me.
0:40.0	My husband and I are currently working on a slightly crazy goal of paying off $117,000
0:46.3	of student loan debt in just three years.
0:48.9	Our combined gross income is in the mid to high five figures, so it's not like we're
0:53.6	rolling in the dough.
0:55.4	That means that in order to accomplish our lofty goal, we need to scrimp as much as possible.
1:01.1	Fortunately, we have found ways to save $25,000 per year.
1:06.3	No cable at $360 per year.
1:10.1	We never watch cable.
1:11.7	My husband and I live with my parents who have cable and the two of us haven't used it
1:16.2	a single time.
1:17.7	My parents pay for it so we could use it if we wanted to, but neither of us like watching
1:21.7	regular TV.
1:23.4	Once we buy our own house, we won't be wasting hundreds of dollars on cable TV that we don't
1:27.8	even watch.
1:28.8	We currently have a Netflix subscription, which is worth every penny of the $8 we pay for
	...

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