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Balancing debt, family expectations, and saving for your future is a challenging situation, especially with the intensity of your job. Here’s a tailored approach to help you manage these obligations more effectively:

1. Prioritize High-Impact Debt

• Student Loan Strategy: Given your income, consider opting for the most aggressive loan repayment method feasible within your budget. This can help you reduce the student loan’s principal and the overall interest you’ll pay, potentially clearing the debt faster.
• Consolidate or Refinance: If interest rates on your student loan are high, investigate options for refinancing or consolidating to lower rates, which can ease monthly payments and free up cash flow for savings.

2. Set Clear Boundaries for Family Support

• Establish a Fixed Contribution: Decide on a realistic monthly amount you can contribute without derailing your financial stability. While 20k/month shows you’re committed to helping, clearly communicate that your current situation also requires you to address personal debt and savings goals.
• Discuss Financial Health with Parents: Given your parents’ financial background, share some insights on budgeting and financial planning. Encourage small changes on their end (e.g., budgeting better) so they’re not fully reliant on your support.
• Long-Term Support Plan: Make it clear that while you’re willing to help now, you may need to reduce this support in the future as you take on new responsibilities (marriage, potential housing, etc.).

3. Focus on Future Savings

• Build an Emergency Fund: Start small if necessary, but aim to set aside 3-6 months of living expenses over time. This can provide a buffer in case you decide to leave your job or face unexpected costs.
• Saving for Wedding Goals: Given the short time frame, designate a specific savings account just for your wedding fund. Directing even a small amount monthly can help ensure you reach your target without tapping into your emergency fund or other savings.
• Consider Automated Savings: Since saving is challenging with high monthly expenses, automate a fixed transfer to savings each month right after payday. This “pay yourself first” strategy can make saving easier by treating it as a non-negotiable expense.

4. Exploring Job Alternatives

• Evaluate Less Stressful Roles: Your current position sounds extremely demanding, which may not be sustainable. Consider looking for roles with better work-life balance, even if it means slightly lower pay, as mental well-being can contribute to overall productivity and personal financial stability.
• Expand Skills: Given your background, consider learning a complementary skill set that could open doors in less intense fields or allow for a part-time freelance option in the future.

5. Open Communication with Your Family and Fiancé

• Be Honest About Constraints: Explain your priorities to your parents and fiancé, especially as you juggle personal debts and life goals. Showing them a breakdown of your finances can help them understand the need for a balanced approach to supporting them while securing your future.
• Establish Financial Boundaries with Future Family Goals in Mind: Your fiancé may also be a financial partner in the future, so make sure to align on financial expectations before marriage. This conversation will be valuable for setting a foundation of transparency.