After a few attempts of summing up how I feel I think this does the best job.
Came from a low income household. Grew up where the most my family would spend at once was on personal items was shoes every year, and growing up I felt bad asking for shoes that costed more than 40$. Very frugal, coupons all the time, lived next to gang members at one point etc etc. Now I find myself with an amazing job making decently more than 85k a year.
I’m 24 and abiding by the 50/30/20 rule but never make it to the 30% which seems like a crazy amount. I feel like my whole life I’ve sacrificed to be where I’m at, and really have nothing to show for it apart from a job that I love and an a great salary (something that I’m very grateful for).
I haven’t travelled, rarely go out to eat, and have a few close friends (that live far away). Funny cuz I feel like somewhat of an extrovert haha. So I’m torn if I should direct more of the 30% of wants towards saving to make it something like 50/25/25 or 50/20/30, but at the same time I want to make friends who want to do stuff, I want to travel and find a SO.
I guess the question I’m asking is if I should increase my rate of saving in my 401k and roth 401k. Or if I should keep it as is and try to live life more (emphasis on try cuz I find I difficult to spend more than $500 on wants). A part of feels like I should keep the 50/30/20 for when I make friends closer to where I live . The other part of me feels like not investing the extra is just wasting money. But that makes me feel like I’m being overly to frugal, which makes me feel like I’ll regret not living more of life in the future.
I really do feel lost.
Submitted January 07, 2023 at 02:29AM by Expert-Discipline989 https://ift.tt/3lmALae
