I (27M) feel like I am in a pretty solid spot for my age. I recently just wrote a check to pay off my student loan balance of $35.5k and have zero consumer debt (no car loan, no excess CC debt, and no personal loans). I make $100k per year and am working toward finishing my CPA by the end of the year which should only cause my income to increase. I have about $80k between a Roth, Brokerage, and HYSA. I am not investing in a 401k due to my company not offering a match.
My expenses are kept pretty in check and come out to be about $3.5k per month (rent, food, utilities, and entertainment). This leaves about $2.8k per month that just goes into my Roth and HYSA right now. Once I get my HYSA to be about $20k I am just going to throw everything excess into my brokerage where I just invest in the S&P and total stock index.
I have not really increased my life style out of fear that I might let it get out of control but that has caused me to miss out on some trips, weekend events, etc. I feel like I am being a financial miser by not living a little bit. Like would it be crazy to just go on a trip and spend a couple grand? If I want a new outfit or something that like $500 is that ok at my age/situation?
My question is - am I ok to start taking my foot off the peddle a little bit?
original posted by Upstairs-Muffin-7317 to r/personalfinance on Sun, 14 Apr 2024 19:36:43 GMT.