I have toiled the past 10 years being frugal, saving, buying a modest house and doing repairs myself, living in small apartments before my house and paying off of my student loan and car debts while working my ass off at work. My budget for non fixed expenses such as groceries, going out, travel, buying things has been relatively low the past 10 years and unchanged (around 750 a month - not that much when you factor in vacations/replacing items/gifts/etc).I Remember a time period where I made all my meals out of dried beans, rice, spices, and bulk costco chicken for 2 months in order to pay off my loans quicker.
Finally. FINALLY, I am seeing the fruits of my labor. got promoted again at my work. By the end of this year (and starting on new years which just feels great!), I will "break out" of my frugality shell I have been living basically my whole life and inject some well deserved funness into my life.
When january hits, my final home renos will be paid off as well as my car loan and student debt (strangely pretty much within months from each other), and I will hyper my savings into 30% of my gross income each year. AFTER that, I will have approximately 3,000 dollars a month left to spend (after all my fixed expenses).
Is it smart to invest EVEN more than 30%? or enjoy life a little? I've been thinking about maybe getting a decent car (BMW/Audi) as a treat, maybe a new TV, checking out some new places to travel, but, my frugality habits im so used to make me automatically recoil at the though of dropping 30K on a depreciating assset or 2-3 grand on a vacation. I went to best buy and some this awesome curved OLED samsung for 2,000 and fell in love with it, but am used to spending 300 dollars on TVS, not 2K. I would STILL track my spending of the 3K a month extra to ensure I'm still saving 30% of my income.
What are everyones' thoughts? the irony of being more frugal in order to enjoy things later is that you get so used to your frugal habits that enjoying things later becomes difficult
Submitted November 12, 2018 at 12:04PM by metallica11 https://ift.tt/2OBWqt7
