In the last 2 months I’ve had an expensive wedding/honeymoon and found out our first baby in on the way. I knew it had to be done so I begrudgingly looked at my spending habits. I grew up in a wealthy family and stupidly have never worried about money and here I am at 30 years old. I was hesitant to post because A) I’m embarrassed about my spending and B) i am worried it will come off as a thinly veiled brag. I looked at my last three month average spend and was sickened.
The good: 95in 401k
475k in a portfolio my father is managing (mostly funded from yearly gifts from my late grandfather in his last several years alive. He gave each of his grand kids 13k a year for the last 5 or 6 years he was alive.... died on ‘12)
100k salary
The Bad: I’m doing theses numbers as if my wife and I were still splitting bills. She makes a similar amount.
Rough net income: 5,330
Housing: 1300 Phone: 95 Auto insurance: 90 Cable/internet: 70 Grocery store purchases: 550 Eating out (buying lunch everyday/frequent dinners: 600 Tobacco (dip/smokes): 450 Alcohol/drugs: 875 Random 7-12/gas station: 240 Sporting events/entertainment (tickets+crap bought there): 400 Starbucks/breakfast: 240 Other: 145
Total 4955
I apologize if this isn’t a proper post for the sub as there isn’t really a question, I just selfishly wanted to post it to publicly acknowledge my problem. I’ve never considered myself a drunk or a “druggie” but these numbers slapped me across the face. I disguise it as “oh I only do blow at bachelor parties/weddings” or “four beers after work is just a way to build closer relationships with coworkers.” The reality is that I’m spending a shitload of money that my future child deserves on selfish pleasure. Today I make the change.
And if this actually does get read and people point to the fact that I’m whining and should be grateful of the “nest egg” I’ve been left, I get it. But there’s odd feeling that since that money wasn’t earned I’m a coward for dipping into it. I should be able to provide for my family with what I’ve earned. I took 10k out of the portfolio for a small portion of our wedding and I felt pathetic.
If nothing else, I want to thank the regular posters of this forum for opening my eyes to the real world. You’ve made me realize My drinking, tobacco and drug use is the reason I’m not putting the correct foundation in place for my future children.
Submitted July 14, 2018 at 12:39AM by BarryLamar25 https://ift.tt/2NcaEko
