What On Earth Are We Doing With Our Money?

Vestpod What On Earth Are We Doing With Our Money

You may already know Refinery29’s Money Diaries… this is our own version of it! We’ve put together a few questions to understand what women are doing with their money. Let’s break the taboo and talk more about finances!

It’s short, snappy, fun and anonymous.


Co-owner of a design studio. London. 36. Married with dog.

💭 Financial goals:

Short term (1-5 years): Build up investments portfolio, pay off more of the mortgage, a trip abroad with my girlfriends for our collective 40th birthday. Hopefully a kid will be a part of the picture too (perhaps scuppering my plans to go away with friends!)

Medium term (5-10 years): Continue building the investments portfolio, hopefully sell up to move out of London to go somewhere coastal. Nail some passive income!

Long term (10 years +): Build on investments portfolio, wind up the business and retire early!

🌟 Best buy ever: Our wedding a few years ago. I didn't want to spend a lot but felt like I had to because we had so many visitors from abroad. It came to a lot but in the end, was the best day ever with the people we loved. Well worth it.

😳 Worst buy ever: White t-shirts. I stain them as soon as I buy them.

👀 Things you spend the most money on: The mortgage and car.

💸 Salary / Income: Around £40,000

💰 Net worth (what you own vs what you owe, or your assets minus your debts): £106,000 split between my husband and I

💻 Any side hustles: No. Must get on to this!

👛 Savings: yes, about £20k split across ISA, a savings account and my current account. Saving for some renovations, along with a 3-month emergency fund

🏠 Home: A small house in Zone 3 London worth about £560,000.

🔦 Debt: None! Cleared our debt to mum and dad this year though.

📈 Investing: Stocks & Shares ISA with a Vanguard fund, which I only started about 6 months ago. I only put a tiny bit away and my husband doesn't contribute but this is the next thing I want us to focus on.

😌 Pension: Yes, but not much. My husband only started on his this year, and mine was pretty measly. As of this year, we pay ourselves £500 each per month through the company, and looking to up this as our turnover gets bigger (we hope)

🔮 Insurances: Travel, home & contents, business, bike, pet. Need life insurance!

What is money for you? Freedom to do things on my own terms.

🚀 What is financial independence for you? I can do what I like! I can help out family financially if I need to, or go on a holiday on a whim. It'd be freedom.


THANK YOU!

🙋🙋 Please help us break the taboo and participate here - it’s anonymous too 🙋🙋

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