Location: Calwell, Canberra
My Salary: $121,000
My Husband's Salary: $235,000
Net Worth: An estimated joint value of $2.4 million, consisting of two properties ($2.7 million value), super ($569,000), savings ($179,000) and shares ($461,000). We have a joint account and separate savings accounts so we’re free to spend our own money.
Debt: $1.4 million, consisting of outstanding loan amounts in two investment properties and investment shares. We have a low-fee credit card that costs $0 if we spend above a monthly amount, which we easily do since we use it for joint expenses. It’s paid off in full through automatic deduction from our joint account every month. My husband and I have paid off our HECS debts.
My Paycheque Amount (Fortnightly):$3,374
My Husband's Paycheque Amount (Fortnightly): $6,510
Utilities (Rates, Water, Electricity, Gas): $825
Streaming (Netflix, Spotify, Disney+): $20.50. We share these accounts with multiple family members and distribute the costs. I’m currently on a free 14-day Binge trial so my husband can watch House of the Dragon, but I’ll cancel it before I’m charged.
Amazon Prime: $5
Google One Drive: $2
Petrol: $200. Unfortunately, our car guzzles premium fuel.
Health Insurance: $143
Home Insurance: $183
Swimming Lessons: $95
Playschool (x1 day/week): $200
Savings and Expenses: I’ve set up my bank account to automatically transfer $1,200 every month to our joint account. Since my husband earns more, he covers a larger portion of our expenses. The rest of my pay goes into savings (around $4,300 per month).
Did you participate in any form of higher education? If yes, how did you pay for it?
Growing up, what kind of conversations did you have about money? Did your parent/guardian(s) educate you about finances?
What was your first job and why did you get it?
Did you worry about money growing up?
Do you worry about money now?
At what age did you become financially responsible for yourself and do you have a financial safety net?
Do you or have you ever received passive or inherited income? If yes, please explain.
8:30pm — We visit Kmart to see if there’s a decent gift for a birthday party Miss A. is going to on Saturday, but nothing stands out. Mr A. makes a weird purchase of a $5 cat bed in the shape of a pumpkin (Halloween leftovers again) with the promise of making something out of it next year when we decorate the house. I’ll believe it when I see it. $5