Got in over my head with spending

[Ducimus]

Originally Posted by ivank

as an 18y/o that lives with parents who pay for my car stuffs, I have no monthly expense other than what I buy.

Then create an expense to get into the habit. That expense being a savings account! Trust me, save money when you can, and get used to not having alot to spend willy nilly. Living at home is a PERFECT opportunity to save some money.

Little story. I broke up with my ex about 2 years ago. Had to move back home with the folks to get back on my feet. My monthy expenses went WAY down. So, at 34 years old, i was in a similar situation your in now. I continued to treat my monthy finances as if i was i was in the same situation with my deadbeat ex. (IE, me paying for everything and the ex not pulling her weight). I took that money, and instead put it in savings.

When i moved out of my folks house and got back on my feet, i bought myself a 2003 ford ranger with 53K miles on it in cash, paid for corrective eye surgery in cash, and still have money left in savings for a rainy day.

Save now.