What On Earth Are We Doing With Our Money?

Money Stories Food Copywriter

Welcome to our new money section! You may already know Refinery29’s Money Diaries… this is our own version of it! We’ve put together a few questions to understand what women are doing with their money. Let’s break the taboo and talk more about finances!

It’s short, snappy, fun and anonymous.

Copywriter (words for brands) in London. 25 years old. In a relationship.

Financial goals:

Short term (1-5 years): Pay off all my debts (currently around £4,500) and save, save, save.

Medium term (5-10 years): Have enough money to have saved for a deposit for a flat in London, and to comfortably afford to be freelance.

Long term (10 years +): Live happily, comfortably and responsibly within my means, with good investments and freedom to spend time in places I've always dreamed of visiting.

Best buy ever: My car. Despite not using it a lot, it gives me independence and ability to always go home.

Worst buy ever: Literally, anything I've ever bought in Topshop or H&M. I'm currently working very hard to spend on quality, not quantity.

Things you spend the most money on: Clothes, holidays, eating out and paying back debt.

Salary / Income: £43,000

Net worth (what you own vs what you owe, or your assets minus your debts): Erm, I'm worth nothing!

Any side hustles: Yes, freelance writing projects.

Savings: Currently, £280 in stocks and shares via my MoneyBox app. I have a grand old Google Sheet that's helping me plan to have saved £5000 by the end of £2019!

Home: I live with my boyfriend, who owns his own home. I'm saving for a deposit to buy my own.

Debt: SO MUCH. Student debt (obv, but must think of that as an education tax), £1,500 in overdraft, £1600 in credit card naughtiness, plus a few other bits like storecards, too.

Investing: Workplace pension, stocks & shares with MoneyBox, some crypto with Coinbase (but it's early days!).

Pension: Yes, through work. I recently combined some old pension funds into one place, using PensionBee.

Insurances: Travel Insurance. Should I have more?!

What is money for you? Absolute freedom, empowerment and independence. Also, fun tokens.

What is financial independence for you? Being debt & anxiety free so I can live my life on my own terms.

🙋🙋 Please help us break the taboo and participate here 🙋🙋