We are sharing the spending secrets of one reader each week -- completely anonymously. Fill out the money diaries survey to have your voice heard!
SALARY: I make between $45,000 and $50,000 per year before taxes working as a yoga teacher and a healer. I have never asked for a raise.
SAVINGS: I have $1,500 in my savings account right now.
MONTHLY EXPENSES: I spend $885 per month on rent. I do not contribute to a 401(k), and I do not pay for health insurance. I pay $250 per month for co-working space, $10 per month for Spotify, $150 per month for college loans, and I put $200 towards my credit card debt each month.
INVESTING: I do not invest yet.
DEBT: I am in debt. My payments for college and credit card are $350 per month but sometimes I make payments of around $500 if I have extra money.
SPENDING VICTORY: The best things I ever spent money on have been trips away to Thailand and Puerto Rico.
SPENDING REGRET: Honestly don’t spend that much that I can say I regret!
SIDE HUSTLE: So I teach 10-15 classes per week and I also work for a nonprofit (yoga in domestic violence shelters), where I make $500 per week.
IF I WON THE LOTTERY: I’d pay off all my debt, and then I’d buy a plane ticket to Greece.
CHARITY: I make a monthly contribution to the Sunrise Movement, which is a group that works against climate change.
GOALS: I want to pay off all debt and have $5,000 in savings.