Welcome to Money Diaries, where we're tackling what might be the last taboo facing modern working women: money. We're asking a cross-section of women how they spend their hard-earned money during a seven-day period – and we're tracking every last penny.
This week: "I’m a 23-year-old brand executive, working from home in Shropshire for a London-based hospitality company. I’ve only been in my current role for two months after moving from the automotive industry. My role is very similar to my previous one but I managed to increase my salary by £7k by moving companies (girls, definitely move jobs if you think you’re being underpaid!).
Due to the pandemic, I stayed at my childhood home with my parents and older sister. Not moving to London has enabled me to save quite a large sum of money as I have only been paying for my food, bills and a contribution to rent. I’ve always been a natural saver but the pandemic granted me the opportunity to save even more. It also made me appreciate the importance of spending time with loved ones and friends and not feeling too guilty about spending money on creating memories or treating myself (occasionally)."
Occupation: Brand executive Industry: Hospitality Age: 23 Location: Shropshire Salary: £33,000 Paycheque amount: £2,100 after tax and student loan deductions. Number of housemates: Three: Mum, Dad and sister, J. Pronouns: She/her
Housing costs: I pay £250 to my parents every month to cover my share of the household bills. Loan payments: £42 student loan. Savings? £30,000 Utilities: Covered in my rent cost. Pension? Not yet. As I’m only two months into my current job, I’ll start paying a 3% contribution from next month. Other: My phone bill is £20. Subscriptions: £5.99 Netflix, £2.25 for my mum’s Prima magazine (£27 for the year).
Did you participate in any form of higher education? If yes, how did you pay for it?
I did an undergraduate business degree after completing my A-levels. For the three years I was there, I had a student loan for my tuition fees and a maintenance loan for living. As the maintenance loan didn’t cover my rent, my parents kindly contributed towards this.
Growing up, what kind of conversations did you have about money?
My parents have always taught my siblings and I the value of money. They taught us that if we wanted something, we needed to buy it with our pocket money or wait until a special occasion. I truly believe that because of this I’ve always been a big saver and treasured any money I’ve had. My parents also encouraged my siblings and I to avoid credit cards where possible and only purchase something if we can afford it because they both had bad experiences with spending too much money on a credit card.
If you have, when did you move out of your parents'/guardians' house?
I moved out of my parents' house to attend university and complete a placement year. However, to their surprise, I’m back living there and have been for the past 18 months (due to the pandemic).
At what age did you become financially responsible for yourself?
After graduating last June, I became financially responsible for myself. I am currently living at home but I pay for everything myself and contribute to rent. One thing my parents pay for is my car. I share it with my dad and as he uses it the most (to get to work), he pays for the maintenance.
What was your first job and why did you get it?
I got my first job when I was 16, working every weekend and holiday in a local stately home cafe. The main reason I got this job was for extra spending money so that I had the independence to purchase what I wanted without having to wait for my birthday or Christmas.
Do you worry about money now?
Yes! One of my biggest fears is running out of money, hence why I’m an avid saver in an attempt to prevent this happening. I’ve always been someone who has felt incredibly guilty spending money. Recently I’ve been trying to change this mindset slightly and 'live a little'. I now feel that I have a good balance between spending and saving.
Do you or have you ever received passive or inherited income? No.
Like what you see? How about some more R29 goodness, right here?
Loyal fans of the Today Show know that after years on air, the show's stars are truly like family. So much so, that naturally they know each other better than anyone, and that includes what they're really like off the air too. MORE: Al Roker and Deborah Roberts enjoy family reunion before son Nick's bittersweet departure for college During Tuesday morning's episode of 4th Hour with Hoda and Jenna, while Hoda Kotb is away for the week, Willie Geist took her place next to Jenna Bush Hager. The two
In an episode of Sex and the City, Carrie finds herself unsure about a fling with a guy who’s only in town for the week. “Whatever happens, there’s an expiration date,” she complains over mimosas — and thus the term ‘expiration dating’ was born. For many of us, when we’re enjoying spending time with someone, it’s easy to shrug off the pink flags and tell ourselves that these are simply Future Me problems; bridges to cross when we get to them. But when we know what we want and what we don’t, does
Twenty-five years may have passed since the death of Princess Diana, but the public interest in her life and legacy shows no signs of waning. From portrayals of her in Spencer and The Crown to the reissue of her famous 'black sheep' sweater, it seems that the late Princess of Wales is still at the forefront of our minds. MORE: The Crown season five filming 'shut down' by royal family - details Which means that it comes as no surprise that a brand new documentary film exploring Diana's life is hi
It goes without saying that the 1970s was a decade full of memorable outfits – I mean, the emergence of disco would warrant nothing less. Sister Sledge captured the fashions perfectly in their 1979 hit He's The Greatest Dancer – Halston, Gucci and Fiorucci are just a few of the designer labels that were hugely popular back then. MORE: Vintage shopping online: best apps and websites Grace Jones, Jerry Hall and Lauren Hutton were the It-girls of the moment, turning heads in some classic 1970s tren
It’s time for another annual cosmic ritual to take place in our skies: Neptune retrograde. Starting on 28th June and lasting until 3rd December, the Planet of Illusion, Dreams, and Fantasies will appear to spin backwards, sending our perception of our lives and the world around us into a bit of a topsy-turvy ride. Narayana Montúfar, senior astrologer for Astrology.com and author of Moon Signs: Unlock Your Inner Luminary Power, says that Neptune is one of the trickiest planets to master and under
Perrie Edwards' partner Alex Oxlade-Chamberlain has shared the cutest father and son photos at their Surrey home, and we couldn't get over the couple's 5* swimming pool. MORE: Perrie Edwards reveals first look at baby son's nursery - and just wow In a series of sweet poolside Instagram posts, the Little Mix stars fiancé held their giggling 10-month-old son Axel. He captioned the images: "My boy!" with a blue heart and smiley face emoji. Their mini photoshoot revealed a stunning swimming pool, ga
Lizzo has teamed up with promoter Live Nation to donate $1 million (£815,000) to abortion rights groups following the overturning of Roe v. Wade. On Friday, the U.S. Supreme Court ruled to overturn Roe v. Wade, the 1973 case that protected a woman's constitutional right to have an abortion. This decision will now allow individual U.S. states to make abortion illegal. The Truth Hurts singer responded over the weekend by announcing that she will be donating $500,000 (£408,000) from her upcoming to
Get ready for a much-needed cooldown this month with Cancer season and Mars in Taurus. Unlike the go-getter energy of June 2022, your monthly horoscope for July 2022 is less about pushing through adversity and more about practicing patience and learning grace.
Carrie Underwood touched down in the UK this week to promote her new album, Denim & Rhinestones - and she's already made quite the impression! MORE: Carrie Underwood shares unexpected family photo with husband Mike Fisher The country star appeared on Lorraine on Wednesday morning, and opened up about her family life away from the spotlight with host Lorraine Kelly. The Grammy-winning artist made a surprising revelation to the TV presenter too, admitting that while her life is incredibly glamorou
The actress/singer, who revealed she was expecting her second child with husband Taylor Goldsmith earlier this month announced on Instagram on Tuesday that she was scrapping the rest of her In Real Life tour. "It is with a heavy heart and much consideration that I have to let you all know that I am canceling my remaining show dates in 2022. It has been an honor and an absolute dream to return to the stage again this past month, performing for all of you.