My over-spending of money is nothing new, but has definitely gotten progressively worse since acquiring my most recent job. I jumped from 35k to 80k (gross) from 2016-2017 and I have nothing to show for it.
Of the 80k I made in 2017, I managed to save a measly $8,000.
I'm still living at home with my parents so my bills only consist of my car/insurance ($540/month) and my phone ($50/month).
I'm beginning to think I have a legitimate problem.. This past March while on vacation I purchased my dream watch for $6900. Why did I think it was okay to spend that kind of money? I convinced myself that if I pooled together my tax refund ($2600) and the sale of one of my other watches ($2500) that I'd essentially be able to get my dream watch for only $1800... A sick way of thinking I know. I've considered selling the watch since, but would take at least a $1300 hit.
Besides the obvious, "stop buying watches" tips (which I intend to follow), I would really appreciate anything you guys have for me. Words of wisdom, saving tips, ect.
I would also love to know what you guys think I should realistically be saving on a monthly basis. Looking through my 2017 paystubs, I averaged $1906 per paycheck (bi-monthly).
Look forward to reading your responses!!!
Submitted April 04, 2018 at 06:50AM by JFKfanboi https://ift.tt/2uPSrou
