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 46-year-old mum from Melbourne, Victoria shares her diary.
Job: Journalist, freelancing for websites, generally working three or four days a week
Income: Around $53,000 a year
Housing: My partner and I live with our two kids and a dog in a three-bedroom house with no mortgage (we paid it off five years ago)
Regular expenses (monthly):
Superannuation: Because I don’t have an employer paying superannuation for me, I put $1000 of my own income into super each month. (I actually wasn’t putting anything into super until I was commissioned to write an article about how women don’t have enough when they retire and that scared me into getting serious about it.)
Charities: Regular monthly donations of $100 to Oxfam and $35 to Medicins Sans Frontieres
Utilities: Electricity $200, water $100, gas $75 (split with partner)
Transport: I fill up the car around once a month, so roughly $60 (split with partner)
Subscriptions: News Ltd $28 (for work purposes only), Fairfax $15, Netflix $10, Amazon Prime $7
Phone/internet: Mobile $83, home internet $60, home phone $120 (I work from home)
Insurance: Health $390, home and contents $190, car $100 (split with partner)
Regular kid expenses: Martial arts classes for my daughter, $88 (split with partner)
Current savings: $118,000 (split with partner)
Long-term planning: We want to buy an investment property/future retirement home sometime soon, but because of the bushfires over the summer, we’re having a bit of a rethink about where we want it to be.
Watch: Simple budgeting with a banana. Post continues below.
Wednesday – Day one
My kids are at home with me on holidays, and I’m not working today, so we head into the local Westfield to buy some things I’ve been promising them.