We spent it doing yard work and visited with my in-laws for a few hours. Monday was the 4th of July, so we both had the day off of work! I hope this “what I spend in a week” money diary encourages you to track your own spending, start a budget, and most importantly, not compare your financial situation to anyone else’s. Even though I’m the one who is more hands-on with the budget, my husband and I are always on the same page with our finances.Īt the end, I’ll also break down our monthly bills and divide them by 4, to give more context to our actual weekly spending. ![]() ![]() We keep a monthly budget using my template in Excel, and I record every transaction and allocate it to a specific category in our budget. We put almost all of our spending on our cash-back credit card and pay it off in full multiple times per month. I’ll share all of our spending from the week, including any bills that got paid. I also documented my spending on my Instagram stories– you can find a highlight on my profile! I’ll break down each day with the amount spent and budget category that spending was allocated to. Now, on to the what I spend in a week money diary! What I Spend in a Week: Millennial Money Diaries Related: How I Paid off $56,000 of Student Loan Debt in 31 Months Here’s a look into what we spend in a week as two debt-free millennials living in the midwest! We finished paying off our debt shortly after getting married, changed jobs, paid cash for our wedding, bought our first home, and have made a lot of progress financially over the last few years! My husband graduated with $31,000 in student loans, and took out a $25,000 car loan shortly after while making less than half of that at his first job out of school (with no benefits or 401k). I graduated college with $56,000 of student loan debt, a 15-year-old car, and a couple grand to my name. We feel very financially stable and are able to live well under our means so that we can invest to build wealth for financial independence! However, each of our total compensation (bonus targets, health insurance, and 401k match) push us both over six figures individually.Īs a household, we make well into the six-figures, but are still under the income limit to contribute to direct Roth IRA’s (if that helps set the scene). I won’t share our exact income, but our individual salaries are both under six-figures. So we are a DINK household- dual income, no kids. We are consumer debt-free, own our home (as of April of this year- we survived buying a home during the 2022 housing market), and don’t have any kids.īoth of us work W-2, 9-5 jobs. We got married in May of 2021 and combined all of our finances! I’m a 26-year-old engineer living in a small town in Indiana with my husband. ![]() Hopefully this normalizes a modest level of consumption spent within a predetermined budget and gives you a glimpse into how we budget our money.īecause spending money in and of itself isn’t bad, provided that spending doesn’t hinder you from your financial goals and has a place in your monthly budget. I’ll take you along for my week, break down how much I spend each day, and then show you where I am allocating that spending in my monthly budget (because everyone should have a budget!). I’m going to show you what a regular-ole, non-influencer, with a normal 9-5 job in the midwest spends in a week. ![]() So we won’t go too far down that rabbit hole today.Īnyway, I decided to recreate the “what I spend in a week” video in blog post format. I wrote a whole blog post about how influencer culture can be toxic for our finances. These types of videos can make this level of discretionary spending seem normal, when it is anything but. If your favorite 22-year-old influencer can afford to blow $8000 in one week furnishing their first apartment and buying clothes, it may make you feel bad if you aren’t in a similar situation. What I have a feeling these videos do instead is create a cycle of comparison. What I hope these “what I spend in a week” money diaries do is encourage you to track your own spending. I (being a somewhat nosy person) loves watching those videos to see what other people around my age love to blow their money on. If you’ve been on the internet the last few years, you have probably seen those “what I spend in a week” Youtube videos done by influencers.
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