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.
Analyst. London. 26. Co-habiting.
Short term (1-5 years): Save for a house deposit
Medium term (5-10 years): Increase my pension contributions, save for children, move out of London
Long term (10 years +): Have enough money to afford regular holidays and no debt
Best buy ever: My £900 Peugeot 106
Worst buy ever: Clothes in the sale I buy and never wear... sooo much money spent on this
Things you spend the most money on: Rent £500, travel £250 and food
Salary / Income: £43,000
Net worth (what you own vs what you owe, or your assets minus your debts): £8,000
Any side hustles: no
Savings: £4k in a Lifetime ISA (thank you gov.t contribution), £4k in a normal ISA, £1k in a regular saver... trying to save a few hundred each month but flexible here!
Home: No, but planning to buy in around 3 years
Debt: £1,300 on card, and student loan (£???)
Investing: Some crowdcube investments, just for fun!
Pension: Yes, 3% contributions... value of around £5k
Insurances: Car insurance
What is money for you? Meals with friends, spoiling my family, holidays. But also, always feeling like I never have enough
What is financial independence for you? Don't know... family has never had money. Learnt that when you finally have some, just enjoy it and spend it! Struggle with budgeting and having real aims
🙋🙋 Please help us break the taboo and participate here 🙋🙋