What On Earth Are We Doing With Our Money?
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.
Trainee Investment Manager. 28 years old. Living with partner. Essex
Financial goals:
Short term (1-5 years): A future wedding
Medium term (5-10 years): To prepare for any future children
Long term (10 years +): To be able to retire at 60 or earlier
Best buy ever: Owning half on my parents house. My mortgage is £40,000 but the return is more than double
Worst buy ever: My Audi. I always wanted one but costs £357pm
Things you spend the most money on: Shopping and food!
Salary / Income: £33,500
Net worth (what you own vs what you owe, or your assets minus your debts): £100,000
Any side hustles: n/a
Savings: I have a Lifetime ISA, stocks and shares ISA and cash. I try to save £200 pm
Home: Yes half my parents house
Debt: Student loan £12,500 remaining mortgage £26,000 and car debt about £20,000
Investing: I have a work place pension and regular saving in a lifetime ISA and direct equities in a stocks and shares Isa. I am also part of the employee share scheme
Pension: Yes l salary sacrifice 6% with contributions matched by employer
Insurances: No
What is money for you? Independence
What is financial independence for you? Living my life the way I want to live it with no worries
🙋🙋 Please help us break the taboo and participate here 🙋🙋