Today: a senior account executive who makes $77,380 per year and spends some of her money this week on a Sephora haul.
Industry: Public Relations
Age: 27
Location: San Francisco, CA
Salary: $77,380
Net Worth: $155,000 ($22,000 in my 401(k), $3,000 in savings, $130,000 in investment account).
Debt: $0
Paycheck Amount (2x/month): $2,250.05
Pronouns: She/her
Monthly Expenses
Rent: $1,750 (I live with three roommates).
Health/Dental Insurance: $72
401(k): $386
Utilities: $75
ClassPass: $89
Nuuly: $88
Renters' & Car Insurance: $125
HBO Max: $16
Apple TV: $7
Netflix: $19
LinkedIn Premium: $30
Scribe Wine Membership: $80 (this is the monthly breakdown but it is billed quarterly).
I'm not sure if it was an expectation but we never talked about me doing anything besides going to college and I never pursued any other option. It was just what we did and what every other student at my high school did as well. My parents paid for undergrad with an investment savings account they started when I was born.
None. I got an allowance and my parents recommended I spend my money in a smart way but I never learned about smart saving habits or investing of any kind.
I got a job at a local sporting goods/clothing store when I was 17. I got it because all my friends were gone for the summer and I needed something to do. The paycheck was nice too, but I didn't get the job out of necessity.
No. We went on regular vacations, went out for meals, went shopping and always had gifts for birthdays and Christmas. I'm lucky I never had to learn about money growing up out of necessity but at the same time, it called for a rude awakening when I became responsible for my own spending/saving/earning.
Sometimes. Not in terms of not having enough of it but in terms of not being smart about it. A lot of my friends have an interest in investing/learning about money and how to best use/grow/save it and I don't really. It makes me worried that I'm being ignorant about it.
Probably around age 23 — my parents paid my rent for the first year after I graduated college. They are 100% my financial safety net. If I need money for something logical (taxes, security deposits, repairs etc.), I typically go to my dad.
Yes. I got $25,000 when my grandfather died and when I turned 21 I received the remaining balance of my college investment account — around $25,000 — as well. I have gotten various smaller financial gifts for birthdays/graduations throughout my life but those are the big ones.
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