Talk About It, Talk About It, Talk About It...

BF and I have been talking about money lately. He finally had a chat with his future employers (his mom and her business partner) about everything! His salary, benefits, rent, etc. Yes he will be living above where he is working. It's a REALLY nice small apartment and perfect location!

He has a bunch of money saved up, about $31,000 (he doesn't know the exact amount, but that's the minimum of what he has saved). Once he is finished school he will owe about $39,000 he says. So he figures he will pay off $30,000 right away (unless he decides to buy a car), but either way he will put a good chunk onto his balance. I also figure that once he starts working, he will have almost $1000 to put toward debt, as well as $600 a month toward savings. So he could be debt-free in less than a year!! Then he can have a little more fun with his money and start putting it toward a future fund and more into savings.

I also brought up the idea of opening a joint account together to start a "future fund." This fund could be put toward a wedding, honeymoon, house, etc. I said maybe we could both contribute $100 bi-weekly starting in the fall. He said it was a good idea. Then I thought maybe he could open a TFSA, and I could continue with mine and turn them into our "future funds" to earn a higher interest and it would be tax-free instead of the joint account. He liked this idea too, this would also allow us to contribute at our own rates (he will have a steady income, while mine is variable). Although I do still like the idea of being held more accountable to make sure I have that $100 bi-weekly and it would be nice to start a joint account too! Teamwork :)

Do you think a joint account or using our TFSA's would be better to use as a future fund? Also, do  you think it would be wise to aggressively pay off his student loans, or would it be better to put more into savings or something else?