Young woman on $100k-plus salary shares her spending habits

A woman who earns $104,600 a year has shared how she spends her lavish pay cheque. 

The 24-year-old producer based in Melbourne, Australia, submitted her salary and breakdown of her spending habits to Smart Women Society.

The breakdown is then shared into a short clip on TikTok revealing how much money goes where.

After tax, HECS and superannuation, the young woman is left with $5,468 to take home. She also has a side hustle which brings in $1,000 monthly.

The woman’s main goal is to set aside at least $60,000 for a house deposit, as well as having a safety emergency fund.

A breakdown of her monthly spending habits shows $1,424 on rent, $140 on bills, $40 on her phone, $50 on transport, $90 on the internet, $74 on insurance, $300 on groceries and $160 on psychologist appointments. 

Once she’s got the important stuff out of the way, the woman is left with $3,728 of which $700 of it goes towards her home savings and $300 to the emergency fund.

The only debts she has are a $363-a-month Invisalign treatment and her $26,000 HECS which is automatically taken out from her pay. 

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She is then left with $2,582 for “fun” stuff such as shopping and eating out. 

Viewers shared their suggestions to the woman saying it would be better to put more toward the home savings.

“That's a lot of money spent on 'fun' - I think I would try and save $1500 for my house,” one commented.

“You need to live like you actually have a mortgage now and add those extra bills into it because when you have a mortgage you don’t get 2500 a month fun,” another added.

“I’d be dropping an extra bit of cash into the house/emergency fund,” someone else shared.

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