This week's Money Diaries entry comes from a software engineer living in Dublin on a salary of €100,000. The reader, who is 27 years old, lives with their wife in a rented apartment and is saving for their first home. They share their daily spending and saving habits, offering an insight into the financial life of a high earner in Ireland.
The reader's monthly net pay is approximately €5,000, after pension and BIK for health insurance. Their monthly expenses include rent, household bills, phone bill, health insurance, groceries, and various subscriptions. Despite their high income, the reader is mindful of their spending and tries to stretch their money when possible.
On Monday, the reader's expenses include a bagel and egg for lunch, and a trip to the library. Tuesday sees a coffee, lunch at work, and a visit to the shops for groceries. Wednesday involves a latte, lunch, and a drum kit rental discount. Thursday's expenses include a haircut, coffee, and a customs bill for a shirt. Friday's spending includes a takeaway and a nice sandwich and coffee.
The reader's weekly subtotal is €316.14, with a total of €34.00 spent on Monday, €14.15 on Tuesday, €22.14 on Wednesday, €85.15 on Thursday, and €48.60 on Friday. Saturday's total is €22.30, and Sunday's total is €89.80. The reader reflects on their financial situation, noting their ability to afford luxuries and their savings habits. They also express a desire to contribute more to taxation to support those with less.
