It’s Per$onal #33 – Age 25, Australia

It’s Per$onal is an anonymous blog series designed to shed light on the intricate details of the personal finances and lifestyles of women.

its personal

Name:

 

How old are you?

25

 

Where do you live?

Australia

 

What is your highest level of education?

Bachelor’s

 

Are you single or married?

Single

 

If you are married, do you and your spouse have joint or separate finances?

 

Do you have any children or dependents? If yes, please explain.

Does my cat count? He’s very needy ?

 

What is your total monthly rent / mortgage for your household?

1232

 

Has Covid-19 impacted you financially in any way?

Not income wise but I’ve saved more from not being able to go anywhere.

 

What is your current occupation? If not currently employed, please say “Not Employed”

Primary School Teacher & Cleaner

 

What is your yearly salary (or approximate yearly compensation) for your current occupation?

Teaching $87,0000

 

If you are currently employed, do you like your job? Why or why not?

I love being a teacher! I don’t love the school I work at as it is a toxic workplace and toxic boss.

 

Do you have a second job or side hustle? If Yes, please explain.

Second Job as a cleaner

 

If you have a second job or side hustle, about how much money do you make monthly from your second job / side hustle?

800

 

Do you budget on a consistent basis? If so, please explain how you currently budget:

I split my fortnightly pays into set amounts for each category. The amounts in each category don’t ever change. It’s the “buckets” form of budgeting made popular by the Barefoot Investor book.

 

Are you debt-free?

No

 

If you are debt free, how much debt have you paid off and how long did it take you to pay it all off?

N/A

 

Do you have any student loan debt currently?

Yes

 

If yes, about how much student loan debt do you have?

$10013

 

What is your monthly student loan payment amount?

300

 

Do you have any credit card debt?

Yes

 

If Yes, about how much credit card debt do you have currently?

$0

 

Do you have any other kinds of debt? If Yes, please explain:

Just a investment property mortgage

 

Do you know what your credit score is?

Yes

 

If Yes, what is your credit score?

789

 

Are you currently saving for retirement?

Yes

 

If yes, about how much do you have saved for retirement?

$42,000

 

What does an ideal retirement look like for you?

Traveling, having a lovely house + garden. Surrounded by family.

 

What’s your biggest purchase of 2020 so far?

Hotel Accommodation $500

 

Biggest purchase of your life?

My apartment $367,000

 

What do you spend money on that brings you joy?

Plants, eating out, sustainable zero waste options and travel!

 

What are your short term money goals, if any? ( < 1 year)

Save $10,000 for a car ($700 to go!). Invest $12,000 in the share market outside of my retirement savings (superannuation)

 

What are your long term money goals, if any? ( > 1 year)

Pay off my apartment, increase my passive income to $80,000 per year!

 

What is your #1 financial concern right now?

That I’m not investing in the smartest way / early enough so I’m missing out of money I could be earning.

 

What financial victory/success are you most proud of?

Buying my apartment solo with a 20% deposit ($91,000 deposit).

 

Anything we didn’t ask about you that you want to include?

Short term pain = long term gain! I’m so glad I moved to the country for the financial head start it has given me.

 

It’s Per$onal is an anonymous blog series designed to shed light on the intricate details of the personal finances and lifestyles of women.

 

it's per$onal

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About Taylor

About Taylor

A few years after graduating college, Taylor made it her mission to become debt free. After paying off all $60k of debt, she began to blog about what she's really passionate about: personal development. Nowadays, Taylor blogs about the topics of Mindset, Money, Health, and Career for women.