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:
Meg
How old are you?
25
Where do you live?
Jefferson, New Jersey
What is your highest level of education?
Bachelor’s
Are you single or married?
Engaged!
If you are married, do you and your spouse have joint or separate finances?
Separate
Do you have any children or dependents? If yes, please explain.
No
What is your current monthly rent / mortgage?
3750
Has Covid-19 impacted you financially in any way?
3 weeks of furlough (unpaid), company match 401k cancelled, no raise this year
What is your current occupation? If not currently employed, please say “Not Employed”
Graphic Designer
What is your yearly salary (or approximate yearly compensation) for your current occupation?
$78,750 + 12-15k bonus once a year
If you are currently employed, do you like your job? Why or why not?
I like being a designer but not for the company I work for
Do you have a second job or side hustle? If Yes, please explain.
Yes, I freelance design and also work as an office assistant 1-2 nights a week
If you have a second job or side hustle, about how much money do you make monthly from your second job / side hustle?
$100-300
Do you budget on a consistent basis? If so, please explain how you currently budget:
Yes, I use Mint to track all of my accounts and transactions and then I use a pen and paper to budget each paycheck.
Are you debt-free?
No
Do you have any student loan debt currently?
Yes
If yes, about how much student loan debt do you have?
$11,500 left (originally 24k)
What is your monthly student loan payment amount?
200
Do you have any credit card debt?
Yes
If Yes, about how much credit card debt do you have currently?
$8600 on an interest free credit card
Do you have any other kinds of debt? If Yes, please explain:
Car loan $13,500 left (originally 30k)
Do you know what your credit score is?
Yes
If Yes, what is your credit score?
728
Are you currently saving for retirement?
Yes
If yes, about how much do you have saved for retirement?
$15,000
What does an ideal retirement look like for you?
Comfortably living without worry of money
What’s your biggest purchase of 2020 so far?
A week long RV trip
Biggest purchase of your life?
Our house
What do you spend money on that brings you joy? Or, what do you tend to splurge on?
Home decor
What are your short term money goals, if any? ( < 1 year)
Pay off credit card and student loans
What are your long term money goals, if any? ( > 1 year)
Save a year of expenses, pay of all debt including mortgage early
What is your #1 financial concern right now?
Paying off my interest free credit card by February (when interest starts)
What financial victory/success are you most proud of?
Starting to budget in college and being able to pay off a lot of debt and save to buy a house early in life
Anything we didn’t ask about you that you want to include?
N/A
It’s Per$onal is an anonymous blog series designed to shed light on the intricate details of the personal finances and lifestyles of women.
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