This is a bit complicated but here goes...
I'm at 36 year old female who has over £100,000 tied up in investment/savings accounts plus I own my own flat outright with no mortgage. I rent this out for £500 per month.
I live and work (also run my own business) in a different country which is where I've been for the past several years. Work here is up and down and is a very expensive place to live but it looks like I'll be making more money in the next few months.
Basically, since I started working at 16, my dad told me to put money into savings/investment accounts which he set up because I'll need it when I'm older as I'm basically self-employed; so every month, most of my money goes straight into savings. My mother passed away several years ago and what she left me has gone into savings/investments too.
The problem is right now, I'm finding myself with not much leftover to live with on a monthly basis, I can basically pay my bills then I end up putting anything else on my credit card, such as travel expenses, general living etc... the bill is now at £2000. I don't buy anything stupid, I don't have a car, I maybe go for dinner once or twice a month. Like I said, work is up and down but it's looking like I'll be making double of what I am right now in the next few months which is great, but my questions are: Is it time for me to stop putting so much into savings since I seem to have a decent amount already? Should I break into the savings just to pay off the credit card in one shot or set up monthly payments? Should I stop relying on my dad so much to help with this stuff? He's been amazing but always the first thing he asks me is about money, how much I'm making, if I'm surviving. I've been telling him everything is fine but it's really not and I don't want to worry him either! I'm the youngest in a large family and single, so I think I'm the "big worry" for him and he just wants to make sure I'm ok.
If this all makes any sense.
Submitted June 02, 2018 at 07:46AM by Metronoid https://ift.tt/2J80zmN
