Married couple boast that they save £31,500 a year by not having kids

17 December 2023 , 17:46

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The young professionals are currently "enjoying" their child-free lifestyle (Image: Ella Maegraph / SWNS)

A couple say they save $40,000 (£31,500) annually by being child-free - and are 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 plan to have children one day in the future. But the young professionals are currently "enjoying" their child-free lifestyle - splashing the cash on trips to Canada and Singapore and enjoying weekly meals out with friends.

Despite the pair saying they can be "frivolous" with their money - by going on holidays abroad and having weekly dinners with their friends - they still manage to save $3,700-a-month (£2,900) between them on average.

Ella, a travel agent, from Adelaide, Australia, said: "We have spoken about children, it is really important for us. Timing-wise and when that will be is up in the air, especially with the cost-of-living crisis and the way the world is.

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Married couple boast that they save £31,500 a year by not having kids

Ella and Nick Maegraph, both 27, have been married for two years (Ella Maegraph / SWNS)

The pair saying they can be "frivolous" with their money (Ella Maegraph / SWNS)

"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 $13,000-a-month (£10,250) and are saving around $3,700 (£2,900). 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.

The pair have booked a trip to the US in the New Year (Ella Maegraph / SWNS)

They plan to visit New York, Los Angeles, Boston and San Francisco (Ella Maegraph / SWNS)

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.

Despite having an average monthly spend of $3.5k Ella and Nick can save around $40k-a-year (Ella Maegraph / SWNS)

The pair saying they can be "frivolous" with their money (Ella Maegraph / SWNS)

"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 $3,500 (£2,900), Ella and Nick can save around $40,000-a-year (£31,500)

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."

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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."