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. In this series, we discover what women are really spending their hard-earned cash on, and nothing is too outrageous or too sacred. This week, a 23-year-old tech consultant living in Melbourne shares her daily money diary.
Job: Technology consultant.
Income: $120,000 from full-time work, $20,000 from investments.
Housing: I rent in Melbourne CBD with one housemate. I also own an investment property in Melbourne.
Watch: Four money-saving hacks that don't cut out your daily cup of coffee. Post continues after video.
Health insurance: $20. (It's really basic but has all I need for now and means I save over $1,000 in Medicare levy surcharges due to my income. I plan on getting more comprehensive health insurance before I turn 25.)
Phone: $15 per month (work pays half).
Wi-Fi: $0 (work pays).
Public transport and petrol: $50. I don’t drive my car much and live in the free tram zone.
Health and wellbeing: $200-$300 per month. (I don’t go to the gym but I do spend $50-75 a week on dance classes which I LOVE. It's a splurge, but it’s worth every cent.)
Savings: $14,000 (the house deposit wiped out most of my savings so I’m planning to build this back up).
Salary sacrifices: $1,000 into super every month. Okay, it’s not an expense. But it feels like it at the moment!
Streaming services: $0, thanks to my partner and friends for letting me be a parasite!
The week begins! I roll out of bed at 8.30am because it’s a work from home day and I’ve had a massive weekend that’s left me more tired than reinvigorated. I make breakfast (eggs on avocado toast) and coffee using my coffee machine in the kitchen. I only log on at 9.20am, but luckily nobody notices.