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.
89swiftly t1_j2b2bph wrote
Reply to New job, substantial pay increase by spongerd82
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.