Growing up, my immigrant family never had money, parents always struggled living paycheck to paycheck, growing up in that environment I always told myself “I’m going to do better”
Fast forward, I’m 27 my wife is 26. We bought a house 3 months after getting married (back in 2012) We put her through nursing school in cash, no loans. In February 2017, we purchased a new car from dealership for her, paid $26k in cash, took out a $10k loan for the remainder to build up my credit. We’ve been making aggressive payments on the car loan between $2500-$3000k per month to avoid interest. Next month I will make the last $3k payment.
How we got here: We lived comfortably, but put away most of our earnings into savings. When she was in school, one of my checks went straight into savings, another one was used to cover monthly expenses, now that she’s out of school, all of her checks go into savings, towards down payment on a second house, one of mine goes into savings as well and we’re just getting by on my check.
We treat the savings account as if it does not exist.
Just wanted to share my savings method.
Submitted July 18, 2017 at 03:55AM by ram2414 http://ift.tt/2tBh0iK
