89swiftly t1_j2b2bph wrote on December 30, 2022 at 11:00 PM

I’ll disagree a little bit with the other people here, in the sense that I don’t think you need to continue living as if you’re making 60k exactly. Lifestyle creep can be insidious, I agree - but you’re tripling your income after making a relatively static amount for 13 years.

(If you haven’t been able to save at all for retirement yet, then ignore what I say below. You would need to save very aggressively.)

But with a tripled income, I would allow yourself one or two areas of controlled increased spending. Life is happening now - enjoy it. You can afford to, for example, take a nice vacation + have more frequent date nights while still maxing out Roth and 529 contributions, and saving beyond that.

The advice in this sub is generally very good, but I think the idea that life is short can get lost in the sauce sometimes.

m3ngnificient t1_j2b3kpp wrote on December 30, 2022 at 11:09 PM

That's the best advice I've read so far. I don't see why op needs to live like he's still making 60k after tripping his income.

>But with a tripled income, I would allow yourself one or two areas of controlled increased spending. Life is happening now - enjoy it. You can afford to, for example, take a nice vacation + have more frequent date nights while still maxing out Roth and 529 contributions, and saving beyond that.

bucksncowboys513 t1_j2b4ubt wrote on December 30, 2022 at 11:18 PM

This sub is always going favor aggressive savings and debt payoff over living life in the now, but I agree. If OP has been otherwise able to save and they aren't very behind, it's okay to live a little.

That doesn't mean go buy designer clothes and $100k cars, but if OP wants to upgrade how they vacation, buy higher quality groceries, donate more to their favorite causes, etc they totally have the income to do that.

bowoodchintz t1_j2bpvil wrote on December 31, 2022 at 1:50 AM

I’m always curious why people feel like you can either save aggressively OR live life in the now. It’s absolutely possible to do both. You don’t have to pick between frugal and fun.

bucksncowboys513 t1_j2bsrx0 wrote on December 31, 2022 at 2:12 AM

If you make enough it's easy to do both. Not everyone is fortunate enough to do both.