You've been living like this for what, more than a year, right? So you can do it for longer, unless you are planning on getting married.... so I'd say, why not invest that in a higher interest earning mutual fund, and build on it. By the end of next year, you could have around $55 000. By the end of the following year, you may be able to buy an apartment cash? or not yet? The thing is, we CAN live on less if we're determined to own our dreams.
There's an awesome Financial guy here called Dave Ramsey (go to DaveRamsey.com ) and he has a quote I like:
"live like nobody else now, so that later you can live like nobody else" (i.e. on very little and save as much as possible now, so that later you can have your dream home and own it fully without having gone into debt)
This guy made his first million the wrong way, by going into debt. And lost it ALL. Then he started from scratch and decided to never buy anything on credit again, including cars and house. Now he's a millionnaire again and helping others getting out of debt. I love listening to his radio talk show. He's hard on some people, but it's always sound financial advice.
