Maryland
A Week In Maryland On A $65,000 Salary
Welcome to Cash Diaries the place we’re tackling the ever-present taboo that’s cash. We’re asking actual individuals how they spend their hard-earned cash throughout a seven-day interval — and we’re monitoring each final greenback.
At present: a care coordinator working in nonprofit well being care who makes $65,000 per yr and spends a few of her cash this week on a kitty litter enclosure.
Occupation: Care Coordinator
Trade: Nonprofit Well being Care
Age: 28
Location: Maryland
Wage: $65,000
Web Value: -$45,103.51 (I preserve an emergency fund of $10,000. After I used to be laid off from my first big-girl job, I made it my mission to have at the very least three months’ price of bills always. I’ve $2,684.47 unfold throughout three totally different financial savings accounts for journey, payments, and home repairs. I put $100 in every of those accounts each month. I’ve $22,433 in my 401(okay) and $10,657 in my IRA. My mortgage is $90,877.98. I purchased my one-bedroom condominium for $110,000 final yr.)
Debt: $90,877.98 (The one debt I’ve is my mortgage. I paid off the $15,000 I had in scholar loans final yr.)
Paycheck Quantity (biweekly): $1,546.72
Pronouns: She/her
Month-to-month Bills
Mortgage: $1,076 (I stay with my boyfriend, A. I pay $676 for the mortgage, and he pays $576 for the HOA, which incorporates utilities. I add an additional $400 a month towards the principal.)
Automobile Insurance coverage: $102 (It went up from $90 and I’m nonetheless irritated.)
Verizon: $40
Well being Insurance coverage: $28
Dental Insurance coverage: $12
Planet Health: $22
The New York Occasions: $4
The Washington Submit: $4
HBO, Netflix & Hulu: $0 (I exploit A.’s accounts for HBO and Netflix, and my mother pays for Hulu.)
HSA: $25
401(okay): $247 (I contribute 8% of my paycheck.)
Was there an expectation so that you can attend greater training? Did you take part in any type of greater training? If sure, how did you pay for it?
Sure, my mother and father each have grasp’s levels and at all times pushed faculty. For undergrad, I had an instructional scholarship that lined my tuition. My mother paid for my housing throughout my freshman and sophomore years. I paid hire off campus for the final two years by way of waitressing, canine sitting, and my work-study job. For these two years, I break up hire in a townhouse with 4 of my pals. My dad gave me cash right here and there for issues like books or garments if I requested, which wasn’t usually. My mother paid my tuition for grad faculty as effectively. I lined my dwelling bills by working a part-time job on the YMCA and by taking out a $15,000 mortgage. My dad didn’t help me financially for grad faculty. I’d not be the place I’m right this moment with out monetary help from my mother.
Rising up, what sort of conversations did you have got about cash? Did your father or mother/guardian(s) educate you about funds?
My mother and father divorced after I was younger and so they have very totally different concepts about cash. I by no means actually talked about cash with my dad, however from my observations, he’s extra of a spender and has totally different priorities than my mother. He purchased a trip home in Florida the identical yr he stopped giving me cash for varsity. My mother, then again, usually talked about 529 accounts, 401(okay)s, and investing. She is extra of a saver and barely splurges on herself. I consider myself as someplace in between the 2.
What was your first job and why did you get it?
My first job was as a waitress at a nursing dwelling. It was the one place hiring that I may stroll to after faculty. It paid $7.25 an hour. I acquired the job to pay for fuel and Beyoncé tickets. (Even again then, you at all times needed to be ready for each time she introduced a live performance.)
Did you are concerned about cash rising up?
I by no means fearful about cash. I used to be capable of go to summer season camp and took a yearly trip with my cousins. If there was hassle, I didn’t discover.
Do you are concerned about cash now?
Sure, very a lot so. I stay proper outdoors of DC, and two of my shut pals have moved away because of the excessive value of dwelling right here. I don’t see how I can save for retirement and a home, and I’m undecided there’s a lot wage progress in my present place. I do know I will pay my payments now, however what about later after I’m older?
At what age did you grow to be financially answerable for your self and do you have got a monetary security web?
My mother is my monetary security web. She lower the monetary twine after I was 26 and stopped paying for my automobile insurance coverage. I used to be on her medical health insurance till 25. I don’t assume both of us can be thrilled to have me transfer again dwelling if one thing disastrous occurred, however I do know I’d at all times have the ability to. I’m tremendous grateful for that.
Do you or have you ever ever obtained passive or inherited earnings? If sure, please clarify.
My mother gave me $10,000 she obtained when my nice aunt handed away. She has additionally mentioned that she is planning to depart me cash when she passes, however I’m undecided how a lot. She’s had well being points through the years and can more than likely have excessive medical bills as she ages. I do not know how that may all shake out, and actually, I don’t like to consider it.
Day One
9 a.m. — I head to the gymnasium as a result of I do know that many of the males who hog the burden room gained’t be at Planet Health now. I do a fast arm exercise, squats, and a 30-minute stroll on the treadmill at a excessive incline. I used to run however acquired out of the behavior since COVID. I’m proud of my little weekend exercise routine to this point. After I get dwelling, I make an every part bagel with cream cheese, avocado, and All the things However The Bagel spice from Dealer Joe’s.
1 p.m. — I’ve a month-to-month FaceTime with certainly one of my finest pals from undergrad. We realized we weren’t speaking like we used to and simply put it in our calendars to ensure we keep updated. Nobody talks about sustaining friendships in maturity. As at all times, this turns right into a three-hour-long telephone name. Whereas on the decision, I put away dishes, air-fry rooster wings, and alter the kitty litter. I’m a lot extra productive when I’m on the telephone.
6 p.m. — I take an Uber to satisfy two pals at a rooftop bar ($12.50). I get a cheeseburger with fries and a White Claw ($29.30). My different pal invitations us to do karaoke in Chinatown for her birthday. We hang around with a few of her coworkers and scream Future’s Baby and Rihanna into the microphone for about an hour. My pal rents the room, and I solely pay for my rum and Coke plus a tip ($15.60). The karaoke bar will get crowded, and our time runs out on the room. $57.40
9:30 p.m. — We go to a different bar across the nook. I purchase my pal two drinks and I additionally get a Blue Moon for myself. Fortunately, A. picks us up, so we don’t need to Uber dwelling. Gotta love him. On the drive dwelling, I’m craving McDonald’s, so he will get me medium fries. I scarf them down, take off my garments, brush my enamel, and am asleep by 1. $29.30
Day by day Complete: $86.70
Day Two
7:30 a.m. — Final evening wiped me out. I commute between TikTok and The New York Occasions for about two hours earlier than getting away from bed and showering. It’s wash day, and I exploit my favourite avocado-kiwi deep conditioner from Briogeo. It’s over $30 a bottle, however it’s the one factor I’ve used to this point that retains my curls moisturized and outlined. I name my mother whereas I’m detangling my hair. She was not too long ago identified with breast most cancers at a screening throughout her yearly OB/GYN appointment. Make sure that to go to your examine ups, y’all! Fortunately it’s stage 0/1 and ought to be “straightforward” to eliminate.
12 p.m. — A. and I not too long ago acquired a cat from the native shelter. She’s recovering from dental surgical procedure at present and the shelter beneficial a particular model of meals, so I order it ($21.50), together with a mat to cease the monitoring of litter on the ground ($12.84), and a hidden kitty litter enclosure ($110.74) that appears like a small cupboard with a gap within the aspect. I order these objects on Amazon and Venmo A. a request for half of the whole. Afterward, I make us turkey and cheese sandwiches for lunch. $72.54
7 p.m. — A. makes us shrimp tacos for dinner. Afterward, he performs video video games whereas I learn subsequent to him on the sofa. We name this our “alone collectively” time LOL. I began a brand new novel referred to as The Energy. It’s about gender and the way society would react if instantly all girls awoke with superpowers. It’s fairly cool. I wash my face with Dove cleaning soap, brush my enamel, and I’m in mattress by 10.
Day by day Complete: $72.54
Day Three
7 a.m. — I lay in mattress and scroll TikTok for 10 minutes earlier than getting up and showering. I placed on black linen pants and a blue shirt for work, then pack a PB&J sandwich and an orange for lunch. Feed my cat and empty her litter field. Breakfast is half a bagel with butter. After my 45-minute commute, I get to my workplace at 8:55 and chat with my favourite coworker earlier than beginning work. I want I solely needed to go in as soon as every week, however alas, two days is best than 5.
12:35 p.m. — Following an emotional telephone name with a caregiver, I determine I want sushi — no PB&J for me. I’m an occupational therapist by commerce however left full-time scientific work final yr. I did dwelling well being throughout COVID and have become burnt out. After I get again from lunch, I reply emails and do some check-in calls with sufferers and households I haven’t heard from in a couple of months. $12.50
4:30 p.m. — The kitty litter container arrives, and I determine to place it collectively on my own. I solely need to ask for assist two-ish instances. A. places on Kung Fu Panda whereas he prepares dinner, which is spaghetti and meatballs. He often cooks when I’ve to enter the workplace. I’ve a glass of wine whereas we speak after dinner. I do my weeknight routine: brush enamel, wash face, and say goodbye to A. He works overnights as a supervisor at an Amazon warehouse. I watch the animated present Harley Quinn, and it’s lights out by 10:30.
Day by day Complete: $12.50
Day 4
6:45 a.m. — I do business from home right this moment! I learn earlier than getting away from bed at 7:30. I’m a lot extra relaxed after I do business from home. I make toast and tacky scrambled eggs after which feed my cat. I scroll TikTok whereas utilizing my stationary bike earlier than I’ve to begin work.
11 a.m. — Many of the day is spent catching up on emails and determining Salesforce. We simply switched to Salesforce and it’s taking a while to get used to it. I snack on hummus and pretzels whereas I watch boring coaching movies.
3 p.m. — I analysis matters for my help group subsequent week. I determine on one and name my coworker, who has been at our firm for over 10 years, to run concepts previous her. She tells me about her upcoming group, and I give her some tips about what she ought to embrace in her presentation from the attitude of an occupational therapist. It makes me really feel good that I’m nonetheless utilizing my diploma to some extent.
5 p.m. — I sign off for the day and determine to do an extended stroll across the neighborhood. I uncover the northeast department path that results in DC and find yourself doing a 90-minute stroll. Half of the stroll is fueled by Beyoncé’s new album and the opposite half by the podcast The Ezra Klein Present. The episode I hearken to is all about distant work.
7 p.m. — I make a teriyaki shrimp stir-fry with all of the veggies which can be about to go dangerous: kale, purple peppers, and carrots. A. tells me that he made it to the ultimate spherical of interviewing with a tech firm. He’s been finding out database administration for the previous yr, and it’s actually paying off! I’m so happy with him. I can’t wait till he has a standard schedule. I watch a couple of episodes of Rap Sh!t on HBO and fall asleep by 10.
Day by day Complete: $0
Day 5
7:15 a.m. — One other work-from-home day! I get up, stroll the steps in my constructing for about 20 minutes, and take a bathe. I stay on the eighth ground and nobody takes the steps, so I can actually roll away from bed and get a free exercise. I make toast and a strawberry-banana smoothie for breakfast. A. comes dwelling early and takes care of the cat.
11 a.m. — I textual content with my little sister about our plans for this weekend. She determined to go to varsity in DC, and I’m honored that she even desires to hang around with me. She simply moved again into her dorm after dwelling with our dad over the summer season. We make plans to go to a Black-owned spot down the road from me. Residing in a walkable neighborhood is actually one of the best. Whereas I take my lunch break, I see a cute Halloweentown sweatshirt. My millennial coronary heart can’t resist. $39.50
4:30 p.m. — The work day is stuffed with conferences. I snack on cucumbers, pretzels, and hummus. I don’t actually see the necessity for these conferences, as they don’t pertain to my day-to-day, however no matter. A. and I do laundry after he wakes up after which we snuggle with the cat whereas we watch TV. Dinner is cheeseburgers made on our George Foreman grill.
7 p.m. — A.’s cousin has invited us to the flicks in Chinatown for his birthday. We take the metro. Ten of A.’s cousins, ranging in age from 17 to 27, have come to have fun. I actually lucked out along with his household. I like spending time with them. A.’s aunt pays for everybody. We watch the film Bullet Prepare in 4K. It’s the primary, and more than likely solely, 4K film I’ll ever see. I really feel like I’m driving a rollercoaster as a substitute of watching a film. The seats actually jerk you round. Total, it’s an excellent film and having a principal character with a fantastic mustache and a pleasant swimsuit will at all times win my approval. $4.50
Day by day Complete: $44
Day Six
6:30 a.m. — I get up, bathe rapidly, and placed on high-waisted black denims and a shirt to work right this moment. I don’t really feel like making breakfast, so I’m going to the Dunkin’ close to my job. I order a Wake-Up Wrap with bacon and a small iced French vanilla latte. $8.45
11:30 a.m. — I’m loopy busy right this moment as I schedule shipments of medical tools, together with hospital beds, energy wheelchairs, and walkers. There are such a lot of little items to maintain observe of between the supply drivers, our affected person’s wants, and the ability the place we retailer the tools.
4:30 p.m. — I head dwelling excited to hang around with A.’s household once more. Final evening was simply the younger people getting collectively for his cousin’s birthday, and now it’s everybody collectively. A. doesn’t need to take the metro as a result of there’s a delay, so he drives us to the restaurant. I get the oxtail stew with plantains, and he will get the recent honey rooster sandwich. A.’s aunt pays for everybody.
11 p.m. — A. heads to work, and I do my nighttime routine. I watch the brand new Rap Sh!t episode that simply dropped. I’m hooked on the present now. Lights out by 11.
Day by day Complete: $8.45
Day Seven
6:30 a.m. — I get up and watch the final episodes of Indian Matchmaking. I like the fact relationship reveals on Netflix. It’s one other work-from-home day, and I’m shifting sluggish. I get within the bathe at 8, feed my cat, and get began on my e mail at 9. Breakfast is leftover plantains and blueberries.
2 p.m. — I want we had a four-day work week. I’ve two intense telephone calls with newly identified sufferers. I spend the remainder of the day doing notes for the week and watching Bob’s Burgers earlier than I clock out at 3. Summer time Fridays are one of the best! That is another excuse why I left bedside. And — you guessed it — hummus and pretzels for a snack.
7 p.m. — We each eat leftovers from final evening, so there’s no have to cook dinner dinner. A. makes margaritas, and we watch Uncharted on Netflix. I do some gentle cleansing within the bed room and head to mattress early after I go to sleep studying at 9:30.
Day by day Complete: $0
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