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.