Share your insights or perspective on the financial matter presented in the input.

I'm only spending roughly half of what I earn; should I spend more?
The suggestions towards retirement and emergency savings outlined by the other posters are absolute must-dos.  The donations towards charitable causes are also extremely valuable considerations. If you are concerned about your savings, consider making some goals.  If you plan on staying in an area long term (at least five years), consider beginning to save for a down payment to own a home.  A rent-versus-buy calculator can help you figure out how long you'd need to stay in an area to make owning a home cost effective, but five years is usually a minimum to cover closing costs and such compared to rending. Other goals that might be worthwhile are a fully funded new car fund for when you need new wheels, the ability to take a longer or nicer vacation, a future wedding if you'd like to get married some day, and so on.  Think of your savings not as a slush fund of money sitting around doing nothing, but as the seed of something worthwhile. Yes, you will only be young once.  However being young does not mean you have to be Carrie from Sex in the City buying extremely expensive designer shoes or live like a rapper on Cribs.  Dave Ramsey is attributed as saying something like, "Live like no one else so that you can live like no one else."  Many people in their 30s and 40s are struggling under mortgages, perhaps long-left-over student loan debt, credit card debt, auto loans, and not enough retirement savings because they had "fun" while they were young.  Do you have any remaining debt?  Pay it off early instead of saving so much. Perhaps you'll find that you prefer to hit that age with a fully paid off home and car, savings for your future goals (kids' college tuitions, early retirement, etc.).  Maybe you want to be able to afford some land or a place in a very high cost of living city. In other words - now is the time to set your dreams and allocate your spare cash towards them.  Life's only going to get more expensive if you choose to have a family, so save what you can as early as possible.