Mamamia’s Money Diaries 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 24-year-old journalist tells all.
Housing: Renting with two flatmates
Regular expenses (monthly):
- Rent – $1000
- Phone – $80
- Transport – $120
- PT classes – $120
- Utilities – $100
- Groceries – $240
- Internet – $25
- Netflix – $12
Debt: HECS, around $20,000
Having recently moved out of home to a new city on my own to start my first full-time job. To say I’m new to budgeting would be an understatement. My current rent of $250 p/w makes my former weekly at-home board of $50 (which I often complained about…) look like a distant paradise, and my days of impulse Iconic purchases are sadly over.
I can hear the tiny violins lamenting my sob story as I’m writing this, but everyone’s gotta start somewhere. And on a side note, I do think being thrust into the cold, bony arms of adulthood has so far made me more rational and careful with my money.
Although my current lifestyle means I can’t save any money right now, I’ll keep the real whining for when I’ve got school fees and a mortgage under my belt.
*Disclaimer: Generally, my weekday spending habits are pretty standard but hang in there 'til the weekend for the juicy stuff.
Monday - Day One
Although the cost of rent in Sydney's Inner West was a tough pill to swallow when I first moved from Adelaide, being less than a 10-minute train ride away from work makes watching the $500 fortnightly direct debit leave my bank account a fair bit easier.
I catch the train to and from work Monday to Friday, which charges around $7 to my opal card. Because I'm determined to not be the housemate that can't pay rent on time, I make my lunch everyday and bring to work, and use an afternoon coffee, valued at $3.50 to treat myself. This friends, is the sad existence of a mid-twenties adult who would foolishly would like to maaaaayyyybe own something, one day.