A Millennial Couple Investing In Solar Power

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Forget Tinder. Brandon and Tracy met the old-fashioned Millennial way: on Facebook. The pair lives together in SAN FRANCISCO BAY AREA, and after barely making ends meet, are going to benefit from the perks of Tracy’s new job and Brandon’s raise. Both of these parents taught them penny-pinching tips that helped them navigate the down sides of student loans in today’s economy. Tracy sews her very own clothes, and Brandon invests in solar technology and gets Tracy presents the pair can in fact put to use, as an ice cream machine. We swept up with the couple to go over money-saving tips and how they expect their life to improve with the upcoming influx of cash.
Names: Brandon and Tracy
Location: San Francisco
Occupation: Tracy is really a writer and strategist at an innovative agency and Brandon is really a digital designer.
Combined annual income: $84,000
Separate annual income: $34,000 (Tracy) and $50,000 (Brandon) finally tax reporting.
Living status: They live together in a one bedroom.
Relationship duration: Two . 5 years.
AskMen: How did you meet?
Brandon: We met on Facebook, from mutual friends just. I was drawn to Tracy, i friended her and asked her out through Facebook messenger therefore. It worked.
Did you discuss money before you together moved in?
Tracy: If we first started dating, Brandon had graduated from grad school and wanted employment just, and I was working employment that is making $30,per year 000, so we lived for a few of our time together cheaply. I was surviving in a six-bedroom apartment with roommates. My room he moved into cost only $550 monthly, so we had the least expensive rent in the populous city. We’ve always split rent 50/50, regardless of what. I cooked a whole large amount of rice and beans and incredibly little meat. Making sandwiches is a great way to cut costs. You do laundry at the laundromat.
Beans and Rice certainly are a great way to save lots of money. Did you learn any penny-pinching tips when times were tough?
Tracy: I sew. Whenever I’m fed up with my clothes, I could turn them into new ones just. It saves me a huge amount of money on tailoring therefore i can hem and fit most of my very own clothes to myself. I’ll buy clothes at places like H&M or Forever21 and I’ll alter them to create them my very own by only spending like $17 on a dress.
Tracy, I understand you merely got a fresh job, and as a result, your financial situation will change drastically.
Tracy: Yes, I did. I more than doubled my salary, so after the holidays I’m going to be making about $70,000.
How will you expect that may financially change your relationship?
Tracy: One thing we will do with my new paycheck is purchase a new mattress We will split the price of that. We will try to continue our first proper international vacation in the summertime. And treat each other more just. It will feel nice to possess more financial freedom.
Brandon: I’ll be making additional money next year too, but honestly I don’t expect much to boost. I’m happy doing what we’re doing.
Did the method that you were raised impact the true way you may spend money?
Tracy: Precisely how I grew up is strictly how I spend money. My dad was very stingy. He’d reveal, Oh, do you want an allowance? You go saw wood in the backyard better,” and would give us $5. My mom helped me out around she could, but I have already been supporting myself since i have have was 17-years-old already.
Brandon: My parents taught me to sequester my cash away. I find that buying unnecessary things is feeding into the capitalistic environmental disaster that we’re currently facing. So have free money easily, I will invest it in my business through getting hardware or software for my design practice or buying clean energy sources such as solar energy.
Is it possible to splurge on anniversary or birthdays gifts?
Tracy: Yes, Brandon is amazing at gift-giving.
Brandon: Recently i acquired Tracy an ice cream machine It’s the gift that keeps on giving as you discover something your partner is passionate about – say, ice cream, and in Tracy’s case she probably eats a quart of ice cream almost every other night – and she’s spending for HГ¤agen-Dazs whenever we could be making our very own ice cream. I committed to a machine which should have an extended life cycle. It’ll produce many quarts of cream ahead.
Tracy: What I’ve made up to now is really a bourbon and toffee vanilla ice cream.
How much can you spend on the next per month?
Rent:
Car payments:
Debt:
Tracy: Both of us have student education loans. I pay like $100 per month.
Brandon: Same. We’re both on income-based payments. So we pay less than possible.
Tracy: You pay less than possible and hope someone are certain to get elected which will cancel your debt out.
Food:
Tracy: Oh, man. Food is what I spend most or even most of my income on. I would say around $500 a month combined for us on food.
Clothes:
Brandon: Not much, I almost never buy clothes, and Tracy has her sewing machine.
Tracy: $30-50, we only really buy clothes when we need them.

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