Discussion Thread

I am always worried about my financial situation and about how I'm "behind" where I should be. I am 26 years old and I have:

~$37,000 in a money market account ~$34,000 in a 401K ~$13,800 in a Roth IRA ~$21,500 in checking.

I have no debt. I regret stupid decisions. I stupidly contributed to my 401k instead of my Roth early on at the advice of my father (he usually gives good financial advice, but he misunderstood the question that I was asking at the time.) Now I max out my contributions every year (I don't add my 401k anymore since my new job doesn't offer one until way later, and I'm saving to buy a house now anyway.)

(Also, I plan on moving 10k of my checking into my money market account.)

I make $85,000/year and have been out of school for 3.5 years. I'm looking at how long it will take me to afford a house and I feel like an idiot. I think I put too much into my 401k early on because I didn't think about eventually buying a house.

I look at the prices of homes, and it'll be years before I can afford a home. I currently only pay a little under $1000 for a pretty nice apartment, and it is the cheapest apartment within a few towns of me except for a few in one particularly bad neighborhood (I found a steal of a unit and my landlord loves me.)

Idk, anyone else feel financial anxiety like this? It just feels like no amount of saving will ever be enough. Especially if I want a mortgage lower than my rent.

/r/neoliberal Thread