Mamamia’s What My Salary Gets Me asks Australians to record a week in their financial lives. Kind of like a sex diary but with money. So not like a sex diary at all. We still find out the best-kept secrets though. We discover what women are really spending their hard-earned cash on. Nothing is too outrageous or too sacred. This week, a 37-year-old single mother-of-two from Brisbane, QLD, shares her story.
Occupation: Public servant (on a contract)
Annual earnings: Around $61,548 after tax (plus approximately $7,000 in Family Tax Benefits)
Housing: New homeowner in the (very) outer suburbs of Brisbane
Child support: $0
Housing (mortgage + strata fees + council rates + home and contents insurance): $1546
Utilities (electricity + gas + water): $300
School costs (school fees + excursions + uniforms + stationery for one high school child and one primary school child): $500
Transport: Car (petrol + insurance + rego + maintenance) and public transport: $245
Mobile phones (mine and daughter’s): $43
Streaming services: Around $40 (we got a bit overexcited)
After-school activities: $60
Groceries: $440 (this covers our meals – we rarely go out to eat)
Regular charitable donations: Working on it. Most of my giving is currently done on an ad hoc basis.
Debt: HECS – Around $20,000
Assets: Home ($380,000 – have paid off half) and car (own outright – approximate value of $7,000)
WATCH: Simple budgeting with a banana. Post continues below.