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.
Name:
Rianne
How old are you?
26
Where do you live? City and State (or Country if outside the U.S.)
Ottawa, Ontario, Canada
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?
N/A
Do you have any children or dependents? If yes, please explain.
No
What is your total monthly rent / mortgage for your household?
500
Has Covid-19 impacted you financially in any way?
No, I’ve remained working full time
What is your current occupation? If not currently employed, please say “Not Employed”
Lab technician
What is your yearly salary (or approximate yearly compensation) for your current occupation?
53,000
If you are currently employed, do you like your job? Why or why not?
It’s a good job, but being forced to go into work during covid has inspired me to pursue a different career in the finance industry
Do you have a second job or side hustle? If Yes, please explain.
When I’m not doing shift work at my full time job or studying for my licensing courses, I try to help out at my family’s restaurant a few times per month
If you have a second job or side hustle, about how much money do you make monthly from your second job / side hustle?
300
Do you budget on a consistent basis? If so, please explain how you currently budget:
Yes- I allocate various dollar amounts of my paycheque to bills, investments, etc. every time I get paid and then decide how much I can spend for the month
Are you debt-free?
Yes
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- I was able to graduate from university debt-free
Do you have any student loan debt currently?
No
If yes, about how much student loan debt do you have?
What is your monthly student loan payment amount?
Do you have any credit card debt?
No
If Yes, about how much credit card debt do you have currently?
Do you have any other kinds of debt? If Yes, please explain:
Do you know what your credit score is?
Yes
If Yes, what is your credit score?
730- missing mortgage experience!
Are you currently saving for retirement?
Yes
If yes, about how much do you have saved for retirement?
$27,000
What does an ideal retirement look like for you?
A happy, stress-free life, working because I love my job and taking mini-retirement vacations for a few months a year
What’s your biggest purchase of 2020?
Getting my brows microbladed next week! Took a lot of convincing myself but I fully funded my emergency fund first. Priorities! Haha
Biggest purchase of your life?
My dream car!
What do you spend money on that brings you joy?
I bought myself a car last year. It was my third year of working full time since graduating school and I had saved most of my income by having two jobs
What are your short term money goals, if any? ( < 1 year)
To save another $6000 before switching careers
What are your long term money goals, if any? ( > 1 year)
A future down payment on a house (3 years) and LOTS more for retirement
What is your #1 financial concern right now?
Having a shortage of income when I decide to switch to my new career full time and depend on commission
What financial victory/success are you most proud of?
Buying my dream car at 25, and hitting a 100K net worth at 26
Anything we didn’t ask about you that you want to include?
My mom taught me the importance of saving money and investing at a young age. Start now and work hard when you have the opportunity to. You’ll thank yourself later!
