What On Earth Are We Doing With Our Money?
You might already be familiar with Refinery29’s Money Diaries… well, this is the Vestpod version! We’ve put together a few questions to help us understand what women are doing with their money, and they've answered! Always fun, always succinct, and always anonymous.
Research Nurse. Manchester. 37. Married, Two Kids.
💭 Financial goals:
Short term (1-5 years): Holidays and a new car.
Medium term (5-10 years): Build savings up.
Long term (10 years +): Retire at 55.
🌟 Best buy ever: My £10 a month online Les Mills fitness classes and my exercise equipment, keeps me sane and healthy.
😳 Worst buy ever: Expensive designer handbags, £500. Although I have used many times, it was a waste of money.
👀 Things you spend the most money on: Childcare.
😌 Pension: Yes, NHS pension which I top up with AVC (£300 a month).
🔮 Insurances: Yes, holiday, car and home.
💸 Salary / Income: £38,000.
💰 Net worth (what you own vs what you owe, or your assets minus your debts): £250,000.
💻 Any side hustles: No.
👛 Savings: Yes. Investment ISAS, Savings accounts and a pension which I top up with regular AVC payments.
🏠 Home: Yes, paid for. Worth £300,000.
🔦 Debt: None at all. I don't use credit cards unless it's an emergency and have no debts /loans.
📈 Investing: My financial advisor invests in investment ISAS for me.
⚡ What is money for you? Freedom and peace of mind.
🚀 What is financial independence for you? Not relying on anyone else for what I want.
THANK YOU!
🙋🙋 Please help us break the taboo and participate here - it’s anonymous too 🙋🙋