Wife and I have lived this way ... this year is 25 years since we married. I splurged a bit when I was single - she was mad at me for not having more savings.
We both get an allowance each month for fun. The big debate is how much of an allowance. I only get an increase when I get a raise. It works out. I actually track the budget closer than she does because I’m trying to sock away more into higher growth opportunities. There are a few things we could do without, but we don’t do resteraunts, theater, sports venues, etc...we’re pretty much home bodies with home hobbies. Internet and access to Japanese programs has been a godsend for her.
She’s all about CDs and Savings accounts which barely keep up with inflation. She understands it, but is just too risk averse. Has to do with growing up on the edge in Japan with a single parent and 2 siblings.
We’re right at the edge of being able to claim the big $M and have 15 years to go for retirement. House was paid off 10 years back and only carry cards month to month for the free no interest loan and a better credit score. 1st kid graduates college without debt this year. 2 more years and we’ve done all our “duty” except maybe the weddings and an emergency here and there.
Way Cool! This is what living within you means does. It is awesome! I'm believing you will celebrate the $M soon!