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If the 53K is before tax and the 20K after tax, then it is a lot considering your age. 10K would be enough. If you want to "feel" a better security cushion do some of those things: Buy a house. Grow a garden to make as much of your own food as possible. Try to become a jack of all trade to depend less on help of Experts (plumbing, mechanics etc...). As for the things you buy, don't see them as money unit but as time unit. Does the time lost in earning the phone is compensated by the time the phone will save you over the entire life of the product? You said it yourself: "and don't know want to do with my life". Money to make money is pointless. Making money to accomplish project is the reason why money was invented in the first place. Find what you want to do by going onto frivolous adventure, idea will come to you that way. Also think of your kid dreams, even if they seem frivolous and impossible those are the one that have the best chance to make you happy. The current marketing that is hammering us with consumerism value of buying into entertainment instead of accomplishing something is the disease of our era. Try to have projects that make sense in bettering your life or the life of those around you. Remember that you are still very young, you have the right to make errors, you have plenty of time to amend them.