How a 23-year-old Baltimore-based associate dean of student life spends:

  • SALARY: I make $55,000 per year as an associate dean of student life at a school in Baltimore, Md. I have not yet asked for a raise.
  • SAVINGS: I have $1,724 in my savings account.
  • MONTHLY EXPENSES: I spend $775 on rent each month. I contribute to my 401(k) and I'm still on my parents' health care plan. I also pay for a gym membership and SiriusXM radio each month.
  • DEBT: I am not in debt.
  • INVESTING: I invest through my job's retirement plan.
  • SPENDING VICTORY:  The best thing I ever spent money on was a new mattress.
  • SPENDING REGRET: I always regret buying things out of convenience when I know I could've gotten it for cheaper if I'd planned better.
  • CHARITY: The last charity I donated to was St. Jude's Children’s Hospital.
  • IF I WON THE LOTTERY: I would buy a really expensive dinner.
  • GOALS: I want to save enough to "make" $6,000 per month in retirement.
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