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[quote=Anonymous][quote=Anonymous]As soon as I found out I was pregnant 2 years ago I decided to aggressively pay off my debt.

DC is now 15 months old and I'm proud to report that very recently I paid off all of my debt.

Now I have begun to aggressively save. My salary is $70K and I am able to save about $3,000 per month. I just started a few months back and now have $11K in my saving account.

I will turn 30 this year and this is the most money that I've ever had. I grew up poor so this is a vast difference.

I just transferred $3K into my saving account today in fact.  I'm scared though because let's say that I stick to the plan and continue to put away $3000 per month. At what point do I stop? Once I've amassed a sizeable chunk...let's say $50K for example what do I do with this money? It just feels weird that I am aggressively saving this money and that I DON'T want to spend it. It's kind of like a statue sitting in the foyer looking pretty. I love checking my bank account and seeing this money there.

Do you have any suggestions on ways that I can invest this money or other things that I can do with it as opposed to just leaving it in the savings account sitting pretty?[/quote]

I am with you 100%. I check my accounts monthly and religiously update what I've got. There's nothing "odd" about watching the $50K, although now that youve got that much, I'd start looking at other options: open a CD ladder (although rates suck), maximize 401k, begin investing your money with sharebuilder or etrade or something of that sort.

And I'm going to feed your addiction. You are either going to love me for showing you this, or hate me:

https://www.networthiq.com/explore/

Click around - you can find other profiles of people, or create your own and track your own progress. It can be a bit discouraging to see how much some people seem to have amassed, but I found it an incredible tool in actually driving my savings behavior. Your savings rate is exceptional, and especially for your salary level, thats absurdly good. I was not very aggressive when I first found the site, but have since made a LOT of changes in our household and I'm now seeing BIG results, saving close to $5K a month - and and expect that in the next 2-3 years I can hit $8 to 9K a month in savings which is kind of nuts, but also awesome. Whatever your number, it gets exciting to watch. Plus, it lets you pat yourself on the back equally for reduction in debt, which I think people often forget to do, or at least people tend to think of saving in terms of either saving OR paying off debt, not as both. It helped me realize that I'm not only saving ~$5K/mo but I'm also reducing my debts by about $1,000 a month just by paying our mortgage.

Stick with it.

[/quote]

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