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I struggle to save money. I budget my eating out and non-essentials spending, but I feel like part of my struggle to not spend is the fact that I need some excitement to numb my existence from..Cont.

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Set up a budget that gets you to your short,mid, and long term savings goals and shamelessly spend whatever is left. I personally splurge on travel and massages. As long as you're not spending outside of your budget, I think it's important to do things that make you happy.

However, you may want to consider if you're in the right job if you feel that yoyur mindlessly spending money to cope with the job instead of budgeting for things that you truly enjoy.

likesmart

Tighten up those goals and budgets. Put money into savings first before doing anything else. And then you shouldn't feel bad about your fun spending.

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From my consulting job. So many damn meetings about mundane topics constantly blown out of proportion, and a need to perpetually appear “busy.” It numbs my brain and I end up spending money on things that are exciting - delicious food, fun hobbies, fun trips, etc. I want to get my spending under wraps but I also know I need to balance out my work life with more excitement in the few hours I have on some evenings and weekends.

Anyone have an experience / feelings like this?

likeuplifting

I have my paycheck deposit into my savings, then I have my pre-determined budget forward into my checking account. It’s been helpful.

With mostly using credit cards to pay for stuff, this isn’t totally the answer. But it makes you have that “oh shit” moment when you realize you need to transfer $$$ to your checking to cover your credit card bill. It’s basically a simulated “in the red” moment where you can think about your budget and your actual spend.

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I don’t even know if it’s the job. Just existence bruh

likefunny

I am so happy I'm not alone in feeling like this 😓

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I’m paying for my stupid spending. Learn early how to budget or it will destroy your future

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Thanks SP1 & M1. Almost finished with the divorce process, but I have to go to court next month for the last couple signatures. I did win sole custody though! Meanwhile he just married a girl right out of high school. 🤦‍♀️ I'm just grateful he's finally paying child support. He's a real winner. Moral of the story, don't get married at age 20; you're an idiot at that age.

I have an automatic transfer from my bank account to my brokerage account every month right after my pay check comes in and have those funds automatically invested. Technically I never “see” that money, and have whatever I have left over in my account to go out / have fun.

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Some really good ideas and I agree with not seeing the money... makes it a lot easier to save!!!

I save 90% of my income. The trick is live with your parents and cook at home.

likefunny

In two years I saved and grew my portfolio to 200k

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Join our Wealth Creation CoP. You will learn a lot from them.

likehelpful

More people need to know about this!!

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Pay yourself first. Set up direct deposit to high yield savings or brokerage account

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Lot of good ideas here. I am 65 and retired. I have saved and invested all my life. I also have the discipline to live within a budget. I see people spending money on stuff just to make them feel better. Write down everything you spend for three months. You will be surprised where you are wasting money. I am shocked at how much money is wasted on eating out. Get into running, biking, walking and working out. Associate with people who have/save/invest money and not people who waste money.

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Listen to the Dave Ramsey podcasts during the workday. You’ll be straightened out in a month

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Save first then spend. It’s up to you to set that amount.

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Sums up my life :)

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Haha I’m so glad others can relate. Makes me feel better at least 🤣

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This is so true. I'm in my 20s and I feel my consulting life and spending habits overflow into my personal life. Clearly I dont make money like a client's budget. What's your recommendation to save for a house living in a HCoL?
#struggles

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I budgeted out everything and stick to it as best I can. I integrate my accounts with Personal Capital which I personally like more than Mint but it's not as budget friendly

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Find a better project that doesn’t feel like busy work. Then you won’t crave as much spending to make it exciting.

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Is there an exit opportunity? I was dealing with the same thing, but I am now a free man.

like

Super easy tip: set up automatic withdrawal from your checking into your savings. Then you don’t feel bad spending “all” your money because it’s really all your post savings money.

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I have a financial advisor if you’d like to speak for free

like

Oh yeah? I would not mind that. Sending you a PM

So apt

I am with BCG 1 ... I set up a pretty aggressive automated investing plans into Wealthfront, 401k, and high-yield online savings accounts so that I have very limited cash at my disposal. For me this is effective in helping me to think twice about buying a bunch of not so necessary technical products or headphones, which was my vice when I was making less money... I look at my checking account essentially as a sweeps vehicle and get all that cash somewhere where I don’t necessarily want to spend it.

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