Saving Too Much?
I'm a 25/f/grad student who'll finish in June with a decent amount of student loans (approx 60k). The interest rate isn't known yet since I'll consolidate when I'm done and hopefully the bad economy will work in my favor to get me a lower rate. I'm very very aware of money and have done tons of research and the like to make sure I'm making the smartest choices possible. That said, I'm beginning to wonder if I'm almost too black and white about things. I hate the idea of being held back later by money that I wonder if I may be not really living as well as I'd like to out of fear that it'll screw me later. For example, I have a friend who wants me to move to a more expensive city with him. I've visited and enjoy the city. Although I could probably do it and make ends meet, there's part of me that doesn't like the idea of living there and saving less for retirement rather than saving more and paying off loans faster. (I'm currently saving $100/mo for retirement.) At the same time, I hate the idea of paying off the bills and then wishing I'd moved and lived it up a bit back when I had the chance. I hate the idea of not having the money to do things in the future, but where's the line so one doesn't live so frugally now that she isn't living it up in the present?! edit: there are jobs in both cities (currently in central Ohio -one of the lowest cost large cities and considering living in NYC -one of the highest cost large cities). I wouldn't need my car but I own it outright, pay $40/mo for insurance, and fill my tank about once every 5 weeks so it's not really costly.