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A Week In Los Angeles On A $42,000 Salary

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    Welcome to Money Diaries, where we're tackling what might be the last taboo facing modern working women: money. We're asking millennials how they spend their hard-earned money during a seven-day period — and we're tracking every last dollar. (Thanks, New York mag, for the inspiration.)

    Today, a Los Angeleno in fashion with a cereal pot luck.

    Industry:
    Fashion
    Position: Merchandise allocator
    Age: 26
    Location: Los Angeles
    Salary: $42,000 ($92,000 including husband's income.)
    My Paycheck Amount (2x a month minus taxes, etc.): $1,196
    Number of roommates: 1 (husband)

    Monthly Expenses
    Rent: $1,145 for a tiny 1-bedroom.
    Loan Payments: Student loan, $230; car payment, $300; motorcycle payment, $163.
    Credit Cards: $400
    Utilities: Electricity and gas: $60
    Transportation: I live very close to the office, so I don’t spend a lot on gas for my car. If I put in $20 of gas, it will usually last close to two weeks.
    Car/Motorcycle Insurance: $380 (Once loans are paid off, this will be cut in half.)
    Phone Bill: $190 (Ugh.)
    Health Insurance: $400 (But that’s taken out of my husband’s check, so I don’t worry about it.)
    Savings: We’re not that great at saving, but I usually try to put aside $50 to 100 from each paycheck. I also have 4% of my paycheck put into 401(k).
    Planet Fitness: $10
    Ipsy: $10


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