For my single people out there, do you live according to an established budget? I max out my 401K, Roth IRA, and HSA, but outside of that I spend literally everything. Curious as to what others are doing. 25M in LCOL city

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Do you have ~ 6 months living expenses in savings? Are you investing in a personal portfolio? Maybe start setting a little bit aside each month for a down payment in the future?

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I have my 6 months of living expenses plus some in the S&P so figured I’d just sell off if I need the money at some point. Keep 5K cash in the bank

Single here, max out everything and still have a set budget so I'm able to live off 50% of my take home. I save the rest and/or invest.

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It's not about budgeting. It's about wise spending and getting an ROI on your money. Look back at the expenses from last year, and ask yourself if you only had half this budget, what would you have still spent and what would you have skipped? What gave you joy?
Its important to have experiences and grow when you are young, so spend. It's also important to save for future goals like buying a house or traveling internationally or financing grad school, so save. Focus on upping your ROI per $, be that compound interest or lifetime memories.

likeuplifting

I live according to an established budget - I do the whole excel tracker thing to make sure I am on track by category. I am saving to pay for an MBA so the amount I save matters

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Compelling, but I’m almost at my savings target ;)

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Honestly bruh, yes and no. Depends on what’s going on. During summer/fall I am generally not saving much but spring - early summer I’m pretty frugal

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I’m obviously being sarcastic. Stiff

So you’re saving a ton of your money, and after all that saving, you literally spend everything?

I save ~30K, spend the rest. I’ll admit im a high spender, but wanted to see what other funds, causes, budget categories people use or contribute to.

26M, don’t fully max out 401k yet, max out Roth, allocate a little to my personal portfolio on Robinhood as a passion project (everything that I am relying on being there goes to Fidelity account), once I secured what I consider to be my “safety net savings” (subjective) I put the % I was saving into series I bonds, they’re pretty solid imo you can allocate up to $15k/year if I remember correctly…look into them

Honestly my main goal in my career was to make enough money that I never have to budget. I fully understand why people do it, but it drives me crazy. Fortunately my SO is also at that level in her career, so we live pretty freely within reason

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