Can We Cut Back Our Savings Rate?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 26 September 2025
⏱️ 21 minutes
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Summary
We are looking at cutting back our savings rate to enjoy a few other things while our kids are young and in the house, including not working as much as we are. Will it derail us?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. |
| 0:05.5 | It's Friday, September 26th, and we are here trying to help you navigate your financial journey. |
| 0:11.7 | So many different ways to get where you want to go. |
| 0:13.9 | We understand that a lot of different competing forces. |
| 0:17.3 | There's emotional stuff. |
| 0:18.4 | There's financial stuff. |
| 0:19.7 | You don't have to do this alone. |
| 0:21.0 | We are here to help you out. Both Mark and I are certified financial planners. Mark, I just |
| 0:26.3 | ordered all of my continuing education for the CFP board. And it's quite expensive to renew, |
| 0:30.9 | $575. So thanks CFP board for that. That CFP, it's just not three letters that are meaningless. They do mean something. |
| 0:39.2 | It means that, you know, we're trying to take a holistic approach to how you view your own |
| 0:44.8 | financial life. And so as we look ahead and we look at all different ways to get where you want |
| 0:50.2 | to go, a holistic approach is one that I really believe in pretty strongly. I'm not a CFP in practice. I keep, I maintain it, but, you know, I'm not in a business like that. I'm just a media talking head. Mark, same. So we don't, we're not trying to sell anything except, of course, maybe we're trying to sell subscriptions to our, to our Jill on Money service where you are able to Jill on Money Live where you have access to quarterly live webinars. That's $45 for the next 12 months. Other than that, not so much. Sign up for our free weekly newsletter at our website, jillonmoney.com. While you're there, if you've got a question, just go to the upper right hand corner. Click that contact us button, write us a note. And if you want to come on the program, then all you need to do is check the box. Mark does everything else. Today, we are joined by |
| 1:33.0 | Donnie from Pennsylvania, who is still so excited about his Eagles, although, you know, |
| 1:39.5 | Donnie and I just had a long conversation about the tush push. Anyone who's not a football fan |
| 1:43.3 | doesn't know what that is, but we'll do a different show about that. Donnie, welcome to the show. Actually, welcome back because you've been on the program before, right? I have. Yes, thanks for having me back. So what's going on? What do we do the first time you were on? So we were looking at borrowing some money versus waiting a couple of years to save for home renovation |
| 2:01.5 | based on our income, our debts and stage of life. |
| 2:05.9 | And we decided on doing it. |
| 2:08.1 | And we are beyond happy still. |
| 2:09.6 | We've been back in our house for three months. |
| 2:11.4 | We lived out of our house for four months with friends of ours. |
| 2:14.0 | And we've been back in for three months. |
... |
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