No. of Recommendations: 0
I need help finding balance in my finances. I am addicted to putting money into my investing accounts, especially now that stocks are lower priced.

I am a 19 year old student @ UC Berkeley. I have a small business I run in my spare time that makes me a little money. It costs me about $17,000 per year for school with tuition, housing, food and entertainment. I have $7,000/year in scholarships and then me and my parents split the remaining costs, which is about $5,000 per year. They are currently taking out student loans to pay for their half while I am paying mine as we go. We took out $22,000 in loans for my Freshman year.

I currently have $12,300 in my Roth IRA (already maxed up to 2008) and $8,000 in a normal investment account. I also have $20,000 in an online savings account with Citibank. My business is very volatile and could go for 10 more years or could stop tomorrow, so I cannot depend on future income, although I made about $50,000 in 2007.

I want to know if I should pay 100% even though they have said they will pay half? I feel bad having them take out loans while I put my money into investments... Also, how would you guys balance between future expenses (remaining to years of college, maybe grad school, future house down payment) and investing now, especially as prices fall and fall and in my opinion become better buys?

If you guys have any questions please ask.

Thanks a ton,

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