SALARY: I make $35,000 per year as a West Coast news editor. I have never asked for a raise.
SAVINGS: I have $110 in my savings account right now.
MONTHLY EXPENSES: I don’t have to pay rent because I live with my parents. I do contribute to my 401(k), but I’m still on my parents’ healthcare plan. I pay for ClassPass and Hulu each month.
DEBT: I am in debt right now. I'm putting virtually my whole paycheck into paying it off. This involves both student loan debt and credit card debt. I am a terribly impulsive shopper and I rarely say no to myself. However, I follow strict money rules that however much I make that week (including overtime), at least $100 goes into my savings account and that I always, ALWAYS at least pay the minimum on my credit card bill.
SPENDING VICTORY: I never regret spending money at Drybar. I used to get a mani/pedi every week and now I don’t because I am attempting to save up some money so I can travel. I count Drybar as my monthly splurge. It’s $40, excluding the $10 tip, to get a head massage and have your hair washed, blown out and styled. You always leave feeling relaxed and looking fabulous. Plus the stylists are always lovely to chat to and sometimes they offer you cookies/wine/champagne; every time I’m there I feel like a Hugh Grant movie is playing. It is my oasis. Making this a monthly thing instead of a weekly thing saves me a ton of money.
SPENDING REGRET: I loved the idea of Sunday Riley but the price point always freaked me out. I did not feel ready to drop major $$$ on a face oil even though everyone and their mother swore to me it was magic. I was given a Sephora gift card with a large sum of money on it for a birthday one year and thought, Why not? I will tell you why not. The product Junodid nothing, NOTHING for my face. And it smelled like salad dressing. I would have been better off buying a bottle of Newman’s Own Italian Style. I was pissed. I still regret this purchase to that day. And I used the whole card! Such a waste. (Editor’s note: Sephora has an amazing return policy. The website says the returns have to be new or gently used, but I’ve seen customers return items with half of the product in it for a full refund.)
SIDE HUSTLE: I take on freelance writing projects when I can.
CHARITY: My last donation was to the ACLU.
- GOALS: My short-term goal is to get rid of the credit card debt that I have accrued. It’s not a huge amount, but it’s still more than I am comfortable with and I want it gone ASAP. I am also thinking about light cosmetic procedures which are seriously expensive and may have to be pushed to the long term. My actual long-term goals are saving up to travel to Japan and moving into a one-bedroom apartment.
- She Spends / Issue #20