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‘I’m a 20-year-old who earns £25k – my betting wins cover my weekly spend twice over’

How I Spend It
How I Spend It

To take part in How I Spend It, please email money@telegraph.co.uk. All our subjects are genuine but anonymous.

I’ve been a degree apprentice data analyst at a large mobile phone operator for almost two years, joining straight from college. Since I first discovered apprenticeships, they were the only route I wanted to take.

I am a driven, highly-motivated individual that never rests on my laurels. Though I enjoyed school and achieved academic success, I was keen to start putting my skills into practice.

I have high career aspirations, and in earning valuable commercial experience and a competitive salary straight from school, while studying for a degree paid for by the company part-time, I’m in a great position compared to friends taking the university route.

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While university offered a potentially unique and entertaining social experience, I could not justify the obvious financial issues that a student loan presents versus an apprenticeship opportunity, no matter how much alcohol I was offered to conceal such thoughts.

I live at home with my parents, as I always have. If I avoid getting used to overspending now, it will not feel like I have lost it when my money turns towards bills and the like in the years to come.

I received windfall from a trust fund when I turned 18 which went towards my first car and an initial comfort blanket in my savings.

Largely thanks to the wise advice and upbringing by my parents, I would consider myself mature beyond my years and I typically adopt a very rational approach to spending.

I live a very sensible life in the light of day, yet I allow myself to let the shackles loose in my free time.

Vital statistics:

  • Age: 20

  • Job: Data analyst

  • Pre-tax annual income: £25,500, with 10pc a month into a pension and £300 into the company sharesave scheme via salary sacrifice

  • Post-tax annual income: £15,600

  • Rent: £135 a month living with parents

  • Annual subscriptions: golf club membership (£300), gym (£320), Ipswich Town season ticket (£212), social club membership (£20)

Day 1

I start the day with a catch-up with my manager, who pays for my hot chocolate. I normally bring a packed lunch, but since we’re in the office today, I plump for a steak slice and Mexican loaded fries for £6 in the canteen.

After work, I go to the local social club with a colleague. Entry and a game of darts are free, but I spend £2.35 on pool, £1.50 on pork scratchings and £4.30 on a pint.

Afterwards we were aiming for a restaurant, but end up in KFC, where I spend another £8. I end the evening with £13 on golf bets – I like to analyse the stats and I enjoy watching and playing golf.

Total: £35.15

Day 2

I’m in the London office today, but work pays for the train and I get a lift to the station. I call at Gregg’s for lunch, spending £4 on a steak bake and some wedges.

We head out for post-work drinks as the weather is nice. As we’re in an outdoor seating area, I buy a four-pack of beer from the shop as it’s cheaper. I pay, but my friend will get them next time.

When I get the train home, I go for drinks with a friend who’s home from uni. I spend £14 at the local Wetherspoons, which is money-saving for them.

Total: £18

Day 3

I usually work from home on Fridays, but I wanted some quiet focus time out of the house as my parents are both off work on Fridays. I take a packed lunch and get home just in time for dinner.

There’s football on TV, so I spend £2 betting on the match. I’ve made around 20pc profit in the last two years of sports betting.

Total: £2

Day 4

I start the day watching TV while working on a sports analysis spreadsheet ready for the new American Football season. I have lunch at home, hit the gym and play my PS4 during the day.

At night, I watch the football, have dinner at home and watch a film with the family. My only expense is spending £97 on a festival ticket. The music isn’t quite to my taste and it’s my birthday weekend, but I want to enjoy lots of great experiences this summer.

Total: £97

Day 5

I spend the day indoors, watching football and golf. I would normally play golf, but I am nursing an ankle injury and begrudgingly taking a break from playing sport just as the weather has become nicer.

As part of a wardrobe clear out, I spend £52 on new T-shirts online.

Total: £52

Day 6

I drive into the office as I’m much more productive when not 2ft from my bed, and when I am in a formal setting I feel obligated to remain focused.

I pop into town on my lunch break for a £25 haircut and resist the temptation of grabbing lunch given I have a packed one in my bag.

After returning home for dinner, I put £20 of petrol in the car and head to watch my 6-a-side team play our final match of the season and clinch promotion. Injury prevents me from taking part, but I get a free pint as it’s not my turn to buy the round.

Total: £45

Day 7

I start the day with the news that I’ve won £637 on a football bet I placed back in August, so I offer to take the family out for dinner next week.

I’m in the London office again via another expensed train. I spend £6.50 on a pork chow mein for lunch. While I’m there, I discover our smaller London office has a monthly networking event with an open bar, which drives me to an extra-productive afternoon to finish my work in good time.

I meet a colleague and spend £11 on drinks before it starts and it costs me £5.50 in travel, but it was worth it to enjoy a night socialising with lots of colleagues and making the money back in free alcohol.

I spend the train journey home researching some golf bets and invest £8.80 in my latest prediction.

Total: £31.80

Weekly total: £280.95

As told to Rob White.