"We're DINKS - we save $40k-a-year being child-free and celebrate with three holidays a year"
- 4 months ago
A couple say they save $40k annually by being child-free and celebrating their freedom by going on three holidays a year and being financially "frivolous".
Ella and Nick Maegraph, both 27, have been married for two years and are currently "enjoying" their child-free lifestyle.
They splash their cash on trips to Canada and Singapore and enjoying weekly meals out with friends.
Despite the pair say they can be "frivolous" with their money they still manage to save $3.7k-a-month between them on average.
Ella, a travel agent, from Adelaide, Australia, said: "We are enjoying being able to save and pay off debts and we are at the point in our lives where we can indulge in our personal spending.
"Between us both, we are earning $13k-a-month and are saving around $3.7k
"We have been able to travel and enjoy this stage of our life that we are in."
Ella and Nick have been together since 2018 and one day plan to have a family of their own, but first plan to spend their hard-earned cash however they choose.
She said: "We are enjoying saving, paying off debt and yes living it up and indulging in our personal spending.
"Holiday travel is really important for us, even just the everyday stuff like going to buy a coffee.
"We also love going out for food and drinks with our friends on the weekend, it isn't necessarily expensive but feels indulgent."
This year, Ella and Nick have mainly travelled domestically, going to Tasmania, Douglas and Sydney.
The pair have booked a trip to the US in the New Year and plan to visit New York, Los Angeles, Boston and San Francisco.
Ella said: "We are not tied to much so we have the flexibility to do what we want.
"Spending quality time together is one of my love languages, having that time together is very important.
"We prioritise going away together, going on a walk or having a date night.
"Life goes by so fast and once we have kids we will have them for the rest of our lives.
"We are definitely in the mentality that we want to enjoy our life together as a married couple before having kids."
Despite having an average monthly spend of $3.5k Ella and Nick can save around $40k-a-year.
Ella said: "We save a couple of thousands of dollars a month, the last few months we have been trying to pay off our car loan and have been putting our money towards that.
"I guess it allows us to take financial risk, be a little bit more frivolous with our money.
"We have had a very good year, we have been able to travel and buy a new car.
"We are enjoying the stage of life that we are in."
Nick said: "We're both really excited about the prospect of having a family in the future.
"For now we're just enjoying our lifestyle and taking things as they come."
MONTHLY SPENDING
- $4000 bills
- $60 subscriptions
- $550 groceries
- $150 drinks
- $500 travel
MONTHLY SAVING
- $3.7k on average
Ella and Nick Maegraph, both 27, have been married for two years and are currently "enjoying" their child-free lifestyle.
They splash their cash on trips to Canada and Singapore and enjoying weekly meals out with friends.
Despite the pair say they can be "frivolous" with their money they still manage to save $3.7k-a-month between them on average.
Ella, a travel agent, from Adelaide, Australia, said: "We are enjoying being able to save and pay off debts and we are at the point in our lives where we can indulge in our personal spending.
"Between us both, we are earning $13k-a-month and are saving around $3.7k
"We have been able to travel and enjoy this stage of our life that we are in."
Ella and Nick have been together since 2018 and one day plan to have a family of their own, but first plan to spend their hard-earned cash however they choose.
She said: "We are enjoying saving, paying off debt and yes living it up and indulging in our personal spending.
"Holiday travel is really important for us, even just the everyday stuff like going to buy a coffee.
"We also love going out for food and drinks with our friends on the weekend, it isn't necessarily expensive but feels indulgent."
This year, Ella and Nick have mainly travelled domestically, going to Tasmania, Douglas and Sydney.
The pair have booked a trip to the US in the New Year and plan to visit New York, Los Angeles, Boston and San Francisco.
Ella said: "We are not tied to much so we have the flexibility to do what we want.
"Spending quality time together is one of my love languages, having that time together is very important.
"We prioritise going away together, going on a walk or having a date night.
"Life goes by so fast and once we have kids we will have them for the rest of our lives.
"We are definitely in the mentality that we want to enjoy our life together as a married couple before having kids."
Despite having an average monthly spend of $3.5k Ella and Nick can save around $40k-a-year.
Ella said: "We save a couple of thousands of dollars a month, the last few months we have been trying to pay off our car loan and have been putting our money towards that.
"I guess it allows us to take financial risk, be a little bit more frivolous with our money.
"We have had a very good year, we have been able to travel and buy a new car.
"We are enjoying the stage of life that we are in."
Nick said: "We're both really excited about the prospect of having a family in the future.
"For now we're just enjoying our lifestyle and taking things as they come."
MONTHLY SPENDING
- $4000 bills
- $60 subscriptions
- $550 groceries
- $150 drinks
- $500 travel
MONTHLY SAVING
- $3.7k on average