Click here to view original web page at A Week In Chicago, IL, On A $173,000 Income
Welcome to Money Diaries , where we’re tackling what might be the last taboo facing modern working women: money. We’re asking women how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.
Today: a software consultant working in tech who makes $173,000 per year and spends some of her money this week on a gin and tonic.
Occupation: Software Consultant
Location: Chicago, IL
Salary: $133,000 base + $40,000 bonus
Paycheck Amount (2x/month): $3,366 (post-tax)
Gender Identity: Woman
Monthly Expenses Rent: $2,000 (I live alone in a one-bedroom loft downtown) Student Loans: $0 (I went to school on scholarships) Utilities: $40 – $100 Insurance: $77.50 (Health, Dental, Life — all taken out of my paycheck each period) 401k/Roth: $716 (taken out each paycheck, my employer matches up to 6% and I max out my contribution each year) Savings: $500-ish (varies by month but in addition to my 401k I contribute to various IRAs and Index funds. Currently have about $250,000 spread across various accounts. The power of compounding interest, people!) Wifi: $0 (included in rent) Prepaid CTA Card: $20 (I usually prepay $100 at a time, which lasts for several months) Gym: $0 (my building has a gym I use for free) Netflix: $0 (I use my sister’s account) Credit Cards: $0 (I pay for almost everything with my credit cards because points, but I don’t carry a balance. […]