WELCOME TO HOW I Spend My Money, a series on TheJournal.ie that looks at how people in Ireland really handle their finances.
We’re asking readers to keep a record of how much they earn, what they save if anything, and what they’re spending their money on over the course of one week.
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 email@example.com. We would love to hear from you.
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, so let’s be kind.
Last time around, we heard from a banking analyst on €63K living in London but working from his family home in Cork. This week, an apprentice lab analyst on €25K in the southeast of the country.
I’m living with my husband and our two primary school-age children in a rural location in the southeast of Ireland. I am currently in the middle of a career change, I am doing an apprenticeship with a pharmaceutical company.
My week is split between two days at college (although due to Covid all my lectures are currently online) and three days at work. It is a three-year paid apprenticeship which is fantastic, I will have my BSC at the end of it as well as being trained on the job.
I save €500-700 monthly which I transfer to savings myself, €500 goes into our house savings and the other €100-200 gets split between two sinking funds – one for my annual car expenses and the other for my payments for my adult braces. I only have €900 left to pay on my braces which is great.
We are currently living in a tiny two-bed cottage which we bought and renovated over the last year and a half. We own it outright so we have no mortgage but we are planning a major (mortgaged) extension/new build and so we are saving approximately €2K per month (my husband saves the other €1.5K).
Just to note, the week I did this my husband was home. He works at sea and is on a three week on/three week off rota. I also just want to note that my mum is a part of our bubble as she lives alone and helps out with childcare when my husband is away at work.
Occupation: Apprentice Lab Analyst
Location: South East
Monthly pay (net): approx €1,727 (after pension, dental insurance and sports and social club deductions also) €1,800 and child benefit of €280
Transport: €60 fills my car which lasts just over a week.
Household bills: Electricity €110 (my husband pays this bill), internet €34,
Phone bill: €45
Health insurance: Paid for by my workplace
Groceries: €80 – 100 per week
Storage Fees: €80
Life Insurance policies: €70 (my husband pays this…