My wife and I are saving half of our $160,000 income so we can leave our corporate jobs in 5 years. Here's what we spend in a typical week.
Courtesy of Daniella Flores
- Daniella Flores and her wife Alexandra live in St. Louis, Missouri, and both work in information technology.
- They save between 40% and 50% of their pretax income every month, in part so they can afford to leave their corporate jobs in the next five years and pursue their side hustles full time.
- For Business Insider's "Real Money" series, Flores tracked their spending during a typical week.
- During the week, they spent $347 on groceries, pet care, meals out, and a charitable donation.
- Want to share a week of your spending? Email email@example.com.
My wife and I both work in IT and make a combined annual pretax income of about $160,000. We're based in St. Ann, Missouri, a municipality in the St. Louis area.We also work on other things besides our full-time jobs, such as my blog and my wife's guitar-flipping business. We make an extra $2,000 to $4,000 a month with these side hustles, before taxes.Advertisement
My wife and I have 13 years between us - I just turned 30 and she is 43. We are working towards structuring our life away from the corporate grind, building up passive streams of income and working on our side businesses to become financially free without a reason to need our corporate jobs anymore.
We don't have any kids but we do have five cats, two dogs, and a couple of tarantulas (OK, we have eight ... we aren't tarantula hoarders, I swear). One of our dogs, Penny, is elderly and going blind, while two of our cats are special needs, so our vet bills end up being a bit higher than most other people's.If all goes as planned in the next five years, we'll be able to leave our corporate jobs. We won't stop working completely - we'll just be working on what matters to us. There is one thing we will miss when we leave our jobs, though, and that is the more affordable health insurance and the nice retirement match!
We save almost half of our pretax income in our 401(k)s, IRAs, a taxable investment account, and a high-yield savings account.
We didn't have any bills due this week, but spent $347 total on everything else.Advertisement
On Sunday we went to a winery and stopped at Ted Drewes for sundaes.
On Monday we stocked up on groceries for the week.Advertisement
The only purchase we made on Tuesday was filling up the car with gas.
We bought dog food on Wednesday, and ate all of our own meals at home.Advertisement
Thursday was an unplanned no-spend day.
Friday was our highest spending day of the week and included dinner and a charitable donation.Advertisement
On Saturday we made time for a favorite ritual — brunch.
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