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

    Leave A Reply
    Share via