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A Week In Toronto On A $140,000 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 ā€” and we're tracking every last dollar. (Thanks, New York mag, for the inspiration.)

    Industry:
    Advertising
    Age: 30
    Location: Toronto, Ontario
    Salary: $140,000
    Paycheck Amount (2x a month?): After tax I take home approximately $4050 twice a month
    # of roommates: 1 (boyfriend) + 2 dogs and a cat

    Monthly Expenses

    Mortgage: $1283
    Condo Fees: $515
    Property Taxes: $225
    Home Insurance: $24
    Loan Payments: None ā€” my only debt since paying off my student loans is my mortgage
    Utilities: Approximately $125 to $175/month (depending on the season) for gas and electricity, $55 for Internet
    Transportation: $360 car-lease payment plus $280 month for car and motorcycle insurance. I spend maybe $50 a month on gas between the two, though my boyfriend drives the car more than I do and often covers the gas.
    Phone Bill: Covered by work.
    Health Insurance: Extended benefits are included in salary. The rest is covered by free provincial healthcare.
    Pet costs: $80/month for food and pet insurance
    Netflix, Spotify, iCloud: $25
    House cleaner: $200/month for bi-weekly cleaning, which is essential because Iā€™m not a particularly good housekeeper and experience tells me that a clean house helps maintain a peaceful relationship
    Note: My boyfriend contributes $900 a month that covers some of these expenses in addition to other shared expenses like the car, utilities, Internet, etc.


    Savings: I have multiple savings accounts that I contribute to monthly for short-, medium-, and long-term purposes (think trips vs. retirement). Around $1200 goes into these accounts each month in addition to a yearly contribution that varies.


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