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 26-year-old medical student from Richmond, Vic, shares her money diary.
Job: Medical student (final year), working part time as a netball umpire and in hospitality.
Overall Income: $30,477
Centrelink ‘Youth Allowance’: $11,477 a year
Part time work: $14,000 a year
Scholarships: This year I received $5000 from my university.
Housing: $610 a month – I have recently moved in with my partner who is a law graduate, which is nice because we are both very busy so I get to see more of him and our rent is cheaper. I live 3km from the hospital I’m based at and 2km from one of my jobs, so I also save money by walking a lot.
Assets: Car worth about $2000, it’s very old but does the job.
Designer Clothes: $10,000 (probably more… oops) I have a slight obsession with Gorman and like to treat myself to ‘investment pieces’ after exams and for birthdays etc.
Student Start Up Loans: $5,333.25
Apple music: $6 a month (student price).
Phone bill: $50 a month, I recently paid out my plan and swapped to a prepaid option.
Groceries: $100 a week, I share this with my partner and we have a Splitwise account to make it easy to keep track of our spending.
Amazon Prime Membership: $7 a month (I’ll cancel my subscription once I have finished watching House, though.)
Netflix and Stan: $0, I use other people’s accounts.
Fuel and Tolls: $30 a week.
Gym: $0, I go for runs outside and make up my own workouts in the park or on my bedroom floor.
MCC Membership: $670 a year.
Car Rego and Insurance and Services: $1,500 a year.
Holidays and weekend activities: variable.
Wine: $200 a year. I buy it by the box when I get sent vouchers and discounts.
Watch: The optimal salary for happiness. Post continues after video.