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 24-year-old high school teacher from Brisbane, Queensland.
Occupation: High school teacher (part-time contract) and freelance writer
Annual earnings: Around $35,000 before tax
Housing: New homeowner in the outer suburbs of Brisbane
Housing (mortgage + council rates + home and contents insurance): $1645 (split with husband)
Utilities (electricity + gas + water): $250 (split with husband)
Transport: Car (fuel + insurance + rego): $279
Phone: $9.80 (I intentionally have a low-data plan so that I don’t spend too much time on my phone)
Internet: Free (Dad runs an internet company)
Groceries: $600 (split with husband)
Subscriptions: $0 (we use my Auntie’s Netflix)
Regular charitable donations: $240 (to my church)
Assets: Home ($465,000 – own approx. 20 per cent with husband), savings and investments ($2,500) and car (own outright – value of $3,000)
Debts: $340,000 mortgage (split with husband), $34,000 HECS. I haven’t started paying my HECS back yet because I’ve never worked full time – we had our daughter the year after I graduated.
Long-term planning: We would like to knock down our current house and build our dream family home in 6-8 years time.
Watch: Simple budgeting with a banana. Post continues below.