I’m 24, living in Cyprus, and I’m trying to figure out if I’ve gone too far with saving/investing or if I’m just being responsible.
Quick background:
Last year I had a serious gambling problem (sports betting). In about 3 months I lost around €15k — basically everything I had. By January 2025 my bank account was at €0. That experience scared me a lot, and since then I’ve completely stopped gambling.
To avoid falling back into it, I’ve kind of built a system where I don’t keep money sitting in my bank account. As soon as I get paid, I invest almost everything into stocks and only leave myself enough to get through the month.
Income:
€3,600/month net (full-time job)
€1,500–€3,000/month net (side hustle)
Current total invested:
~€55,000 in stocks
Monthly expenses:
€500 → contribution to family (rent, utilities, etc.)
€50 → internet + subscriptions
€100 → charity
€50 → barber (2 haircuts + 2 beard trims)€50 → gas
€200 → personal spending (food, going out, etc.)
Total monthly spending: ~€950
The rest I invest.
The thing is, by the last week of the month I sometimes have almost no money left in my account. Like I literally have to just wait for the next paycheck. It’s not that I’m struggling — it’s just that I’ve deliberately structured things this way.
I don’t have a girlfriend right now, but I do want to start dating seriously and eventually get married, so I’m wondering if this lifestyle is too restrictive long term.
My question:
Given my income, am I:
saving/investing smartly,
overcorrecting because of my past gambling problem, or
just being too extreme with money?
I’m trying to find a balance, but I also don’t trust myself fully yet when it comes to having cash sitting around.
Would appreciate honest opinions.
Sorry if this post looks AI, I just had ChatGPT rewrite everything.
Am I saving too aggressively for my income, or just being disciplined after a gambling problem?
byu/Fun_Investigator9369 inpersonalfinance
Posted by Fun_Investigator9369