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[quote=Anonymous][quote=Anonymous]29F, 120k salary. Rent is 2500 all utilities included and my credit card bill is between 1500 and 3500 monthly. Health insurance is $100 a month and I put 15% into my 401k with a 5% match. I worry about $ 24/7 and was wondering if that’s justified? I have No debt and a 6 figure inheritance but still feel so in over my head and like I can’t go into savings. [/quote] Is 120k your gross salary? If so then yes sounds like you’re clearly over your head. After 15% 401K contribution that leaves 8500/month gross, so at most that leaves maybe $5000-5500 net after federal and local taxes, social security/medicare, health insurance premiums and any other deductions. Your monthly rent and credit card bill are 4000-6000 per month and that doesn’t even include any other unanticipated expenses so it sounds like you are regularly left with a deficit.[/quote]
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