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 30-year-old lawyer from Melbourne, Victoria shares her money diary.
Job: Government Lawyer
Housing: Mortgage + renting with husband
Regular expenses (monthly):
Mortgage: $2200 (I pay the mortgage as it’s under my name, and my husband pays the rent for the apartment we just moved into. We’re trying to rent out the property now that we’ve moved out.)
Transport: $220 (fuel + train)
Mobile phone: $30
Private health insurance: $30
Netflix: $9 (family membership!)
Groceries: $300 (my share)
Credit card debt: $350 (currently on a 0% interest balance transfer plan!)
Savings: I think we have at least $5000 in savings. We make the most of our purchases through credit cards and pay the statement balance off in full each month, but it means there’s always something owing on the card so it’s hard to tell exactly how much we have in savings, and how much will go to the credit card payment. I haven’t been able to replenish our savings since buying the unit, and we got married last year which means our savings account is currently very lean.
Watch: The optimal salary for happiness. Post continues after video.