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.
Senior Project Manager. Construction. London. 34. Living with partner
Short term (1-5 years): Pay off all debt (apart from mortgage)
Medium term (5-10 years): Start investing, saving and putting 17% into my pension monthly
Long term (10 years +): Large financial cushion for security and providing all opportunities for our children
Best buy ever: My flat for the security of a home
Worst buy ever: Expensive handbags
Things you spend the most money on: Mortgage, travel, eating out
Salary / Income: £72,500
Net worth (what you own vs what you owe, or your assets minus your debts): -
Any side hustles: No although I’m a wicked cross-stitcher!
Savings: No, paying off debts
Home: Yes, value is £385k
Debt: £9k credit card, £12k personal loan (past me had a good time!!)
Investing: I want to but debt clearance comes first
Pension: Yes, workplace pension where I contribute 5% and my employer matches it
Insurances: Yes life insurance as I’m the breadwinner
What is money for you? Independence and freedom to do anything
What is financial independence for you? The ability to buy something and not worry whether there’s enough in my account!
🙋🙋 Please help us break the taboo and participate here 🙋🙋