spitting_llama
Confused about dryer sheets
- Joined
- Apr 6, 2007
- Messages
- 5
Hello everyone. I've been lurking for some time now, and have been considering my financial situation a lot lately. Since very few of my friends will talk about saving (you know, big house, 35k for a car, best clothes, vacations twice a year), I thought I would ask the opinions of complete strangers on an internet message board.
A little backgroud: I'm 32, single, and have around $475,000 in cash, MF, and stocks. Growing at 8% , that would be worth $4.1M at age 60 if I stopped saving now. I'm saving around 30% of my gross income each year and have a mortgage, but that is my only debt.
That being said, I also feel like I've been missing out a little on life up to this point, since I have been a saver. Should I ease up a little on the saving and start enjoying life a little? Not completely eliminating saving, but cut back to 15% gross income, and maybe go on a vacation or buy a new (to me) car. How do you make that decision?
A little backgroud: I'm 32, single, and have around $475,000 in cash, MF, and stocks. Growing at 8% , that would be worth $4.1M at age 60 if I stopped saving now. I'm saving around 30% of my gross income each year and have a mortgage, but that is my only debt.
That being said, I also feel like I've been missing out a little on life up to this point, since I have been a saver. Should I ease up a little on the saving and start enjoying life a little? Not completely eliminating saving, but cut back to 15% gross income, and maybe go on a vacation or buy a new (to me) car. How do you make that decision?