Once you are on Savings plan and things are going as planned , take a sip of life, relax enjoy some time and see how things are going for you. Could you save more or whatever planned is good enough? Keep analyzing your plans on quarterly or half yearly basis and replan accordingly as the bonuses arrive or more expenses come your way. In couple of years you get a good feel of your finances based on your earning and expenses.
What next ?
May be its time to plan your life with a partner, marriage. Enjoy this phase of life as you start living your Independent life and with a partner of choice. With your daily life routine, work, travel, hobbies don’t forget to replan as you are not alone but there is another member in the family. Hence time for some more planning. If both are earning, then start looking in to the total income , expenses and taxes. Both may come with their own solo account of checking, Savings and other accounts. Our suggestion would be that both continue with their account and keep them for their own independent existence. Addition could be done by creating Joint accounts. These accounts are useful for planning joint savings that could be used towards house rent, house downpayment, mortgage, travel expenses, joint home expenses. Choice is for the family on how much to contribute to these accounts from their own checking/salary accounts. Joint account could be used by either partner independently. You could get your own ATM or debit card and keep a tab on your accounts and expenses.