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WELCOME TO HOW I Spend My Money, a series on TheJournal.ie that runs on Wednesdays and Sundays and looks at what people in Ireland really do with their cash.
We’re asking readers to keep a record of how much they earn, how much they save, if anything, and what they spend their money on over the course of one week. Want to take part? Details on how to do it are at the bottom of the piece.
Each money diary is submitted by readers just like you. When reading and commenting, bear in mind that their situation will not be relatable for everyone, it is simply an account of a week in their shoes.
During the week, an Irish man working for a multinational company in Paris talked about how living abroad helps him save. Today, a teacher commuting between Dublin and Meath talks about how she balances saving money with her social life.
Occupation: Secondary school teacher
Age: 31
Location: Dublin (I commute to work in Meath)
Salary: €41,367
Monthly pay (net): €2,374.44
Monthly expenses
Rent and internet: €500 (€1,000 in total and split evenly with my flatmate)
Personal loan: €418.02 (until December 2019)
Household bills: Electricity (€35)
Transport: €150 to €200 (my weekly Leap Card top up costs €50)
Phone bill: €20
Health insurance: €0 (No private health insurance)
Groceries: €100
Gym membership: €80
Subscriptions: None
Belly dance classes: €65
Savings: €300
I’ve been living in Ireland for seven years and share a two-bedroom apartment in the city centre with one flatmate. I finished a PhD few months ago and am happy to be graduating soon. At the moment I’m quite fed up with academia, so not sure whether I will continue with it or not.
Over the last five years while studying, I have been teaching in a secondary school in Meath and commuting to work by bus. I’ve been renting the same apartment in Dublin city centre for six years and very lucky to have it at this price. Having said that, I’m constantly in fear my landlord might increase the rent. It’s a small apartment in one of the Georgian houses in Dublin 1 and it’s quite old and cold.
I know I will not be able to find anything else for this price, and the city centre location is perfect for me. Commuting to work is expensive and frustrating since the bus is frequently delayed/cancelled, on the bright side, it gives me the opportunity to read. Despite my work being far from town, I would not consider moving out from the city centre as I enjoy going out and having the kind of social life one can have in Dublin. I just passed the driver theory test though, so hopefully I can get a car and start driving to work soon.
Last year I spent all my savings to buy an apartment in my home country where my mum lives. It cost €30,000. Considering the prices here, it would not even be enough for the deposit. I had €20,000 in savings and took a €10,000 personal loan to add to my savings and get an apartment there because I don’t want my mum to worry about having to pay rent as she gets older. And buying a property at home was a smart move as the prices are currently really low. I know most people think their mums are the best, but mine actually is. She is the most amazing person who has sacrificed her life for her children and getting her a small apartment is the least I could do for her.
I’m planning to change job in the next few years, but for now I’m quite happy with it. It’s a very small school and I teach small groups of students, so I don’t spend hours planning, correcting exam papers, etc.
I love travelling and try to go on small trips during the school holidays and on one bigger trip outside Europe once a year. This year I’m heading to Peru for two weeks and am very excited about it!
***
6:30am – My alarm goes off and I get up to quickly get ready and leave for the bus stop. Lessons in the school where I work start one hour earlier in comparison to most other schools, but I usually finish early too, so no complaints. On Mondays, I’m at work till 2:50pm. I usually have breakfast at 9:30am on my first break and lunch at 1:00pm.
3:00pm – On my way to Dublin, I go to Lidl for my weekly shopping. It costs me €19.66 since I already have few things at home. Every time I go there, I keep telling myself I need to find a local market and get my fruit and veg from there instead, but have not done so yet.
5:40pm – I have dinner quite early today and go to gym for a boxing class and then to the belly dance lesson. Since I won’t be able to go to gym tomorrow, I decided to do it today even though it’s quite tiring to go to both classes in one evening.
8:30pm – I head home after the dance class, watch a film and buy travel insurance (€25.47) for my upcoming trip to Peru. I usually don’t bother with insurance, but this trip is more of a hiking trip and since the insurance is not too dear I decide to get it.
11:00 pm – I head to bed.
Today’s total: €45.13
6:30am – Alarm goes off. I’m at work at 8:10am to start with my lessons at 8:30am. I have breakfast at 9:30am again and finish work at 12:45pm.
2:00pm – I arrive home, have lunch and relax for about two hours.
4:00pm – I leave home to go get a face cream which costs €24.60, but when looking for my card I realise I have a gift voucher and use it to pay for the cream. I also go to the library to borrow a book.
4:30pm – After leaving the library, I meet up with two friends. We’re going to watch a Peruvian film that is on for free in the Spanish language centre today at 6:00pm. Before it we go for dinner in a new Chinese restaurant – one of them pays for our meal.
9:00pm – I get home and Skype with a friend.
11:00pm – Bedtime.
Today’s total: €0
6:30am – I get up at the same time today as well and reach work at 8:15am. Some Wednesdays we have teacher meetings after school, so I stay at work till 3:00pm – luckily today there are no meetings. I love teaching but really hate the meetings. Most of the time I feel like I’m just wasting my time. I have breakfast during my 15-minute break again and feel so happy about my job since I had some great conversations with my students today.
12:45pm – I leave work to go get the bus to Dublin. On my way home, I go to a key cutting shop and buy a door lock for the bathroom door I broke last week when I got locked in. It was a bit of a thriller with a good ending for me, but not so much for the beetroot burgers that got burnt while I was trying to get out. The part of the lock that broke costs me €9.95.
2:30pm – I arrive home, have lunch, replace the door lock and cook dinner for later.
5:00pm – I meet up with a friend in my neighbourhood café where I have a chai latte, which costs €4.45.
6:30pm – After chatting with my friend, I get home and eat quickly before my language exchange class starts.
7:00pm – A friend gets to my place for a two-hour weekly language exchange class we are doing. I think it’s a great way to learn a language.
9:30pm – After the lesson, my plan is to go to bed early, but another friend – who is going through a lot lately – needs some company. So I go to her place and since she had no dinner, on my way to her place I pick up her favourite takeaway, which costs €24.
12.30am – I return home a bit after midnight and go to bed at 1:00am.
Today’s total: €38.40
6:30am – Waking up this morning was a bit tricky. I’m at work till 1:40pm, but one of my lessons gets cancelled. So I do some planning work I need to get done for the next week’s classes. Breakfast is at 9:30am as usual and I also manage to have a quick lunch at 1:00pm.
1:40pm – I leave work and head to the hairdresser. It costs me €45, but it’s totally worth it! I find it more relaxing to go to the hairdresser near where I work since I don’t need to book an appointment and it’s a bit cheaper than Dublin.
3:40pm – I get home and take a nap for 30 minutes, tidy up a bit and have dinner I made yesterday.
5:30pm – I leave home to meet up with a friend and we head to the National Gallery to attend an event we bought tickets for last week. We run into friends there and decide to have some Moroccan snacks and tea at a nearby Moroccan restaurant. We each pay €12 for the bill.
1:00am – I come home shortly after the midnight and go to bed at 1:00am.
Today’s total: €57
6:30am – I get up early again and think how nice it would be to start work an hour later. My usual breakfast is at 9:30am and then lessons till 12:45pm.
12:45pm – I leave work to get the bus to Dublin. On my way home I stop at a newsagent to buy something sweet. After fighting with myself, I end up buying strawberries and not chocolate, which is what I really wanted. I also top up my leap card by €40 (I still have €10 on it). So I pay €44 for both the strawberries and the Leap Card top up.
2:45pm – I get home, have lunch and clean the house. With my flatmate we have agreed to take turns with cleaning and this week it’s my turn.
5:30pm – I leave home to attend a film premiere at IFI with a friend. She absolutely adores the director of this film, and today he is attending the Q&A. So I bought us two tickets last week, which was a great idea, and my friend was delighted!
9:00pm – After the film, we go to an Italian restaurant for some pizza and beer and pay €20 each.
12:30am – I get home shortly after midnight and go to bed.
Today’s total: €64
8:30am – I wake up without the alarm today, which is fantastic.
11:00am – I make myself some breakfast and head to my belly dance class – it’s so enjoyable!
1:00pm – I head to the gym after to attend a boxing class and when it’s done, I relax in the gym’s Jacuzzi.
3:30pm – On my way home, I stop by Lidl to get few things I need for a dish I’m bringing to a friend’s place tomorrow. Since I’m already there, I decide to do my weekly shopping that will cover me until next Friday. I’m on my holidays for a week after that and will be away. I pay €24.71 for it and then come home to have lunch, cook the dish I’m bringing to my friends place tomorrow, work on an academic article I’m planning to publish and relax a bit.
7:00pm – I leave home. First I buy a bottle of wine which costs €14.99 and then I head to the theatre to attend a dystopian play with some friends. Our friend is doing marketing for this theatre so she got us free tickets. The play was interesting, but there was a disturbing death scene in it which I won’t be able to forget for few weeks.
9:20pm – After the play, we go to a social centre – where I do some volunteering work – to attend a BYOB party and I share my bottle of wine with some friends.
2:30am – I come home and sleep.
Today’s total: €39.70
10:00am – I wake up and have breakfast while I Skype with my cousin. I do a bit of planning for the coming week for school and some organising for a group that I’m volunteering for.
12:30pm – I go to gym for the usual boxing class. After the boxing class I decide to attend an aerobics class too so I can feel less guilty about the tons of food I’m gonna eat later on today.
3:30pm – I collect the aubergine dish I cooked to bring to my friend’s place and head over for dinner.
8:30pm – After eating loads, I get back home with a full belly thinking it cannot be a coincidence that all my friends are great cooks. I watch a travel show about food in Peru as well and chat with my mum.
10:00pm – I go to bed early today to be ready for the last week before the midterm break.
Today’s total: €0
What I’ve learned:
Are you a spender, a saver or a splurger? We’re looking for readers who will keep a money diary for a week. If you’re interested send a mail to money@thejournal.ie.
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63 grand… wow, should have gone to college
@dB O’Neill: And he’s only a jnr doc.
@dB O’Neill: You mean…should have done Medicine. Of course now you would have around a 1 in 4 chance of getting COVID-19
@D’oh: she
@dB O’Neill: You woukd also have needed to get excellent leaving cert and HPAT results, completed a what some might describe as a challenging 5 or 6 year degree, completed an intern year in which is the start of regularly working 60 hours weeks and at times 80 hour, then at leat 2 years as a SHO, during which in your free time you are completing mandatory exams with failure rates approaching 50% which cost several hundred euro a pop to sit. Also in your free time you are expected to complete audits and research to build up your CV to give you a chance to get on a highly comletetive specialist training program, which judging by this person salary she has just started. These training programs have far more applicants than spots, so it is not unusual for people to have to reapply multiple years in a row to finally get on. In addition to all this they are working in an under resourced service making life saving decisions regularly while sleep deprived and hungry. And now they are facing a world altering pandemic that is at our doorstep. You could always consider giving graduate medicine a go if you feel like it.
@Ian McBride: You could do just 1 year as an SHO and become a Registrar…just saying
@dB O’Neill: well it’s the overtime number that will boost the number
@Glangan: Apologies, I didn’t read the article, I just LOVE commenting. :-)
@dB O’Neill: going to college and doing medicine are not the same thing.
@D’oh: only? So what? Deserves even more than 63k.
@Bountyop: 1 in 4 infected people are medics, not 1 in 4 medics are infected. This is how crap info spreads.
@D’oh: she.
@dB O’Neill: it’s 83k gross with the overtime judging by the net pay
@dB O’Neill: You could try for graduate entry, take 100-150k loan , go back to college, quit work for 4 years, work 16 hour days – pass your exams ,then pay back 1000-2000 a month for 10 years.
@Kem Trayle: Fair enough, I’ll retract my previous comment. Let’s say you’re at higher risk then…
@Kem Trayle: A sobering thought is one medic a day is dying in Italy now…
To get 4400 net a month on that salary their OT would need to be able least 1600 pm before tax
@Bryan Moore: yes, that net pay figure is a bit suspicious, that works out at about €6750 gross a month
@Who cares?: For your name you really do care. deserves every penny. People coming out of college with business degrees and on 100k by 28 in the private sector serving nobody but a multinational and profits. Hospital Doctors are very underappreciated and there salary is not near reflective of what they should receive across the economy.
@Seagoat returns: calm down there Goat! Not putting down a doctors role!
All I’m saying is the figure seems odd for net, I can’t get that net take home pay and my salary is higher!
@Seagoat returns: 100k after four years on a business degree. Eh … No that’s far far from average. Be doing well to be on half that.
Her net salary looks totally wrong. Is she including piles of overtime in her calculation?
So they had time to fill this out during a week when our healthcare system is in meltdown over cv19?
@Natalka Mayo: so salty
@Natalka Mayo: Well they did say one of the days they didn’t get home until 8pm due to the tractor protest, so I presume this was well before Coronavirus ever came into Ireland as that tractor protest was a good while ago.
@Natalka Mayo: she mentions the tractor protest so I’m pretty sure this diary was before Christmas. But please continue being a begrudger. I’d imagine she works a hell of a lot more hours than the average worker.
@Natalka Mayo: how simple are you ffs?
@Natalka Mayo: clearly I didn’t read the article but great to see all the best coming out of people in the responses with the name calling etc
@Natalka Mayo: Maybe don’t comment smartly until you read the article in full then, what do you expect. That’s the problem with too many people on The Journal, far too quick to get to the comments section before actually reading the article.
I found it odd that it was a junior doctor this week considering what’s going on. God forbid I didn’t read the article and went straight to the comments. I wouldn’t be the first and I won’t be the last considering most of these don’t make sense so I jumped to the assumption that perhaps it was fake. My bad.
@Natalka Mayo: I find it odd someone would comment giving out about a person completing a diary without even reading it first. Says everything anyone needs to know about you.
@Natalka Mayo: Maybe because the health profession is very relevant currently and it gives an insight into their lives prior to this outbreak. One can only imagine how hectic their week is at the moment. Also, god forbid they actually take a half an hour out of their own time to carry out this interview. Would you actually condemn them for that!? The articles might make a bit more sense if you read them in full.
@Natalka Mayo: No she mentioned the tractor protest.. that was weeks ago before Covid-19 became an issue.
@Paula Leavy: “says everything everyone needs to know about you”
Really? Are you always this unforgiving and dismissive Paula? So according to you I’m a begrudger and I deserve to be dismissed cos I commented on an article without reading it. It would seem I’m not the only one who jumps to conclusion because not for a second was I begrudging this person yet you assumed I was and accused me of such. I shouldn’t be surprised though because one look at your twitter shows how you’re super quick to point the finger and condemn people. You’d wanna get down off your high horse there
How does she earn a thousand more than me and I earn 10K more ???
@Niamh Lyons: if you’re on nearly €75 k with take home of €3400. You need to have words with HR.
@Niamh Lyons: possibly overtime
@Niamh Lyons: has been dying for an opportunity to tell the world her salary
63k before tax?
@thesaltyurchin: it’s gross not including OT. Well deserved
@Seagoat returns: will you calm it! Jumping down people’s throats because they are trying to figure out how she gets that net pay! And fair play to her!
It would benefit the grocery shoppers if all banks reconsidered the card tapping facility and increased the limit from €30 to€50 for a period of time, most oldies doing a weekly shop would be glad to not have to interact with the debit machines as far as possible.
@Barney’s sister: they have done exactly that I think…..tapped for a €38 bill yesterday evening.
110 quid a month in tolls on top of car tax is just wrong
€500/month for a car? Is that reasonable?
That’s excellent money and he is still moaning.
@Waj Kahn: We have to work 60-90 hours per week. Work 1 in 3 weekends. Work weeks of nights. Study for exams that we have to pay for. Study for masters that we have to pay for. Do research projects in our already miniscule spare time that has potential to ammount to nothing. Also have to do all this until age 35. Have to have a PhD these days to become a consultant. Have to move every year to a different hospital. And on top of that we have one of the most stressful jobs on the planet.
@Waj Kahn: read ‘this is going to hurt’ by Adam kay and then talk to me about doctors moaning!
@Waj Kahn: where did they moan? Are we assuming it’s a “he” cos it’s a doctor
..I did speed read it as it was boring me so they might indeed have been gender specific.
@Waj Kahn: fool
@Winston Smith: get over it your education will always stand to you and create wealth for you and your children what do you expect at 35 a miracle ??
@Katherine Murray: little do you know
@Waj Kahn: Also not to mention, we very rarely get more than 1 weeks annual leave off in a row. We very often don’t get to take off full annual leave weeks. Can’t enjoy leave as you’re stressed about leaving the team down a member.
So income of 4400 and expenses of 2424 per month, nets 1976 per month. I reckon the OT is down as gross. Even still only saving 900 per month between them? Wheres the other 1526 going? Is that rent each of 1000 or 500 each? Personally I think she should do her budget on her set net income of 63k, omitting overtime, as this can vary month to month. I dont work for revolut (as I’ve mentioned it a few times in the past) but get a card and transfer a set amount in each month that you can live on. And let bills come from main current account. It’s an easier way to save cash I find anyway.
*atleast
Crap stories
@Pranab Vasudeva: I suggest not reading them then
The figures are most unclear.
To earn €1,100 net per week you would need to be on €110k per year.
It appears that this is the base salary plus overtime is in addition to €110k.
Rent at €1000 each is a rip off.
have your say