Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Today: a tech support professional who makes $92,00 and spends some of her money this week on ski socks.

Occupation: Support Professional
Industry: Technology
Age: 27
Location: San Jose, CA
Salary: $92,000 base (with stock compensation my yearly compensation is $228,470)
Net Worth: $269,094 ($7,461 in investment accounts (for fun), $61,000 in 401(k) account, $210,000 in company stock plan (vested), (another $343,700 due to vest this year), minus debt.) My partner and I have separate accounts; we split utilities, household good costs, and grocery costs.
Debt: $9,367 in student loans
Paycheck Amount (2x/month): $1,630 after deductions and taxes
Pronouns: She/her

Monthly Expenses
Rent: $700 (renting with three roommates)
Student Loans: $210 (I also pay it off in big chunks, paid $5,000 in December 2020 and I plan to pay it off by the end of the year.)
401(k): $1,554.92 (no matching)
Dental: $10
Employee Stock Purchase Plan (ESPP): $1,060.16
Health Insurance: $50
Flexible Savings Account: $211.52
Group Life Insurance: $7.42
Vision Insurance: $5
Netflix: $13.99
Disney+: $6.99 (paid upfront for a year)
Spotify: $9.99
Cell Phone: $63.33 (split with family)
Amazon Prime: $9.91 (paid upfront for a year)
Costco Membership: $10 (paid upfront for a year)

Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it?
Not explicitly, but yes. My parents never pushed me to go to college, but it was an unspoken assumption I would. I received my bachelor’s degree and used a mix of work-study jobs, grants, and student loans to finance my education.

Growing up, what kind of conversations did you have about money? Did your parent/guardian(s) educate you about finances?
None. My parents were bad with money, lived paycheck …read more

Source:: Refinery29

      

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