Jill on Money with Jill Schlesinger Can We Cut Back Our Savings Rate?
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Sep 26, 2025 Donnie, a part-time medical professional from Pennsylvania, joins to discuss balancing savings with enjoying family life. He shares insights on their recent home renovation and the decision to potentially reduce their savings rate. The conversation evolves to their current financial strategies, including managing a mortgage and addressing college funding for their kids. Donnie weighs the pros and cons of additional work hours while navigating retirement plans, and Jill emphasizes the importance of maintaining flexibility as financial circumstances change.
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Renovation Completed After Borrowing
- Donnie returned to describe finishing a home renovation after borrowing money instead of waiting to save.
- He lived elsewhere for four months and is now happily back in the renovated house.
Saved Balance Feels Like Financial Freedom
- Donnie realized his current nest egg could grow to millions by age 65 even without future contributions.
- That realization made him question whether he must keep saving aggressively now.
Both Parents Work Flexible Nursing Shifts
- Donnie and his wife both work part-time in medical shift roles, each doing two 12-hour shifts per week.
- They value that schedule's flexibility and can add extra shifts when needed.