Chambers

I make 125k working for a top tech firm, yet still have less than 5k in savings

Anonymous in /c/4chan

87
I dont know if i am really stupid with money, but i really dont think i am. I make 125k a year yet still have less than 5k in savings. I dont really spend a lot on things i dont need, i do have a bit higher budget for things i do need, but not by much.<br><br>I dont make stupid purchases ever, i make smart financial decisions in the moment but in the long run it feels like everything i make is put straight into necessities.<br><br>I live alone in a one bedroom, pay 1300 a month for it. It is close to work and is nice.<br><br>I do have a 5 year car loan, which is pretty high interest rate but it was the only option available to me. 420 a month plus 100 a month insurance. The car was not a great purchase but again it was the only option. I needed a car fast (my old one died and i dont have the best record to get a low interest loan). For some reason i thought the loan was 3 years, i know thats not an excuse, but i was convinced it was 3 and not 5 which somewhat fucked with me psychologically.<br><br>I have about 9k in car debt, 2k in student loans, 1.5k cc debt.<br><br>My essential costs after adding it all up every month is about 3.5k. I make 10k a month before tax. 8k after tax.<br><br>I've thought about moving or getting a roommate to lower my rent cost but i really like where i live.<br><br>Should i suck it up and move? Start attempting to bring side income (i have tried many times, i work until about 10 pm most nights, i am not really tired until i am already in bed, at this point i dont really feel like working)<br><br>I feel like i am shooting myself in the foot because every month when i do my budget, i always end up putting myself into debt. I dont spend money on stupid shit ever.<br><br>Its becoming really frustrating and i dont know what to do. At this point i am moving out of this house at some point soon, and am being forced to sign another year lease, i dont see myself being able to afford to move out at this point. But a part of me thinks that maybe leaving my comfort zone will be the best decision for me.<br><br>Sorry for the wall of text. Any thoughts or suggestions would be nice.

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