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.
Sales Manager in London. 29 years old. Boyfriend.
Short term (1-5 years): Buy a flat, save for a couple of big travelling trips
Medium term (5-10 years): Consolidate my career and buy a second investment property
Long term (10 years +): Have a stable enough financial situation to retire comfortably and be able to support my family
Best buy ever: Buy to let flat
Worst buy ever: Cheap clothes that don't last
Things you spend the most money on: Wine! Nights out and experiencing London
Salary / Income: £45,000
Net worth (what you own vs what you owe, or your assets minus your debts): £254,000
Any side hustles: Rental income from buy to let
Savings: £57,000 in ISA, stocks and shares and regular saver. I try and save £450 of my salary each month
Home: Buy to let flat £205,000, planning on buying my own place next year
Debt: £50k mortgage, £20k student loans
Investing: I'm contributing 6% to my workplace pension, I put £300 a month in my ISA, £200 in a regular saver and £25 into stocks and shares each month
Pension: Yes, through my workplace
Insurances: Work cover death and long term illness
What is money for you? A safety net and tool to support myself and my family
What is financial independence for you? Supporting my family, not having to worry/think about money all the time
🙋🙋 Please help us break the taboo and participate here 🙋🙋