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Paridhi Jain Money contributor October 28, 2025 — 7.30pm

My wife and I earn well ($200,000+ combined), but we also have a significant mortgage and private school fees. I’m detailed in tracking expenses and try to budget, and we do have some savings and some ETFs. But we’re not saving much, so despite what we’re earning I don’t feel like we’re moving ahead. I can’t see any real wiggle room, or ways to create more space in our budget. I’m thinking maybe we should downsize in a few years, but I don’t know. How can I move the needle in this situation?

There’s a practical side to this, and a mindset side.

On the practical side, the first potential area of improvement for you is replacing budgeting with a streamlined savings system.

One mistake I

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