Money Diary: A Bid Coordinator In Birmingham On 30k
Welcome to Money Diaries, where we're tackling what might be the last taboo facing modern working women: money. We're asking a cross-section of women how they spend their hard-earned money during a seven-day period – and we're tracking every last penny.
This week: "I’m a 27-year-old bid coordinator living near Birmingham. I’ve lived in the Midlands for around nine years (I’m originally from the northeast) and my boyfriend and I bought our first house at the start of this year. Our savings were pretty much depleted after the move but we’re working on building it back up as we’re planning a two-week trip to Florida next year.
I work from home three days a week and head to the office for two days. Fortunately, I can walk to my office from home and not having a commute has made such a difference to my mental health, physical health and general outlook. With regards to money, I am working on being more mindful. I really try to keep on top of savings and not spend too much. I sit down with my budget every payday and find it so hard to stick to. I track my spending daily and I am sometimes horrified by the amounts I can spend each week. It is something I genuinely struggle with, just saying no to myself."
Occupation: Bid coordinator Industry: Hygiene and healthcare services Age: 27 Location: Birmingham Salary: £30,015 Paycheque amount: £1,898 Number of housemates: Two: my boyfriend, N, and our kitten, B Pronouns: She/her
Loan payments: £170.27 car loan. Plan 2 student loan, which is something silly like £9 a month. I also pay £100 off my credit card each month, which currently sits at £2,400, a combination of still-standing uni spending and splurges over the years. This is the bane of my life because I think about it a LOT. It is 0% for another 16 months so I will up my payments next year. Savings? £2,200 in joint savings (for house-related maintenance, B’s vet bills, holidays etc. I save £200 a month and N saves £450) and I have £10,000 in an account I don’t touch, which is future savings (for if we lose our jobs, the roof caves in, we have a baby etc.). I also save about £150 a month in my own easy-access savings, which is a pot for various things but will go towards Christmas this year. Pension? I have just over £11k in pension savings. I don’t know how much I’m 'supposed' to have by now to be honest but I put 8% salary sacrifice in each month, which my employer matches. Housing costs: £475 for my half of the mortgage (N and I split all bills equally but he puts more into our joint savings as he earns more). Utilities: All utilities are split equally between me and N: £92 council tax, £45 gas and electric, £15 water and £14.50 internet each. N pays for our building/contents insurance and B’s pet insurance. I pay £39 car insurance, £13.12 car tax and £20.99 car service plan. All other monthly payments: £52 phone bill (this makes me so sad but I still have 11 months left on the contract). Subscriptions: £9.99 Spotify, £5.99 Netflix, £3.99 Now TV, £6 National Trust membership.
Did you participate in any form of higher education? If yes, how did you pay for it?
I went to university and did a psychology degree, which was paid for by student loans. I got an allowance from my parents for food/general costs and I got a part-time job at a coffee shop to fund going out and buying clothes.
Growing up, what kind of conversations did you have about money?
I don’t remember having many proper conversations about money but I’ve always been very aware of how privileged my family is when it comes to money. When I was younger my brother and I were given pocket money every week to learn how to budget, which I know was a lot more than our friends were getting.
If you have, when did you move out of your parents'/guardians' house?
I moved out at 18 when I went to university. I moved back for a couple of months at the start of the first lockdown as at the time I was living alone. I lasted a few days on my own before I headed up north.
At what age did you become financially responsible for yourself?
I would say only this year, which is crazy as I’m 27. I’ve been renting alone, paying my own bills and not received any money from my family since I was about 23 but most of my house deposit and solicitor’s fees were paid for by my parents and grandparents, which I am so thankful for. I am extremely grateful to be in the position I am in.
What was your first job and why did you get it?
My first ‘proper’ job was working in a coffee shop when I turned 19. I worked nearly every weekend throughout uni.
Do you worry about money now?
Yes. I am aware I don’t really need to as much as I do, as we are on the property ladder, have good salaries, never miss a bill or need to worry about food or anything like that. But I worry about the amount on my credit card. I do have a plan to get this down to 0 before the 0% runs out but I think about it a lot.
Do you or have you ever received passive or inherited income?
I’ve received £12k total from my grandparents, which went towards the house deposit.
Like what you see? How about some more R29 goodness, right here?
Influential British fund manager Terry Smith attacked Unilever's failed 50 billion pound ($68.2 billion) bid for GSK's Consumer Health assets as a "near death experience" and urged Unilever management to focus on strengthening performance. In a letter to investors of his Fundsmith vehicle, now the 13th biggest Unilever shareholder, Smith criticized Unilever for failing to openly communicate the benefits of the deal and its "penchant for corporate gobbledegook as substitute for effective action."
Czech businessman Karel Komarek's European lottery group Allwyn Entertainment will list on the New York Stock Exchange in combination with blank check acquisition company Cohn Robbins Holdings Corp, the companies said on Friday. The transaction will put the combined firm's enterprise value at approximately $9.3 billion, they said in a statement. Allwyn, known as Sazka Entertainment until last year, operates lotteries in the Czech Republic, Italy, Austria, Greece and Cyprus.
Shares in wind turbine maker Siemens Gamesa tumbled on Friday after it cut its financial outlook for the third time in nine months, dragging down the market value of its rivals as well as German parent Siemens Energy. Siemens Gamesa shares slumped as much as 16.2% to their lowest since July 2020, while Siemens Energy fell as much 17.4%, its biggest intraday loss ever, wiping out 4.6 billion euros ($5.2 billion) in market value between them. Profit margins at wind turbine makers have been squeezed by a surge in costs for vital materials such as steel, forcing companies such as Siemens Gamesa and Danish rival Vestas to increase their prices.
Tigo Business - Courtesy picture Tigo Business - Courtesy picture Tigo Business announces its Cloud Center of Excellence (CCoE) in collaboration with Microsoft to accelerate cloud adoption With a trained team of expert engineers with more than 1,200 Cloud and Cybersecurity certifications, the Cloud Center of Excellence will provide support and advice in the development of solutions based on the Microsoft Azure cloud and will guide Guatemalan companies towards a model digital acceleration. Luxemb
Domestic politics did not hurt sentiment, although Prime Minister Boris Johnson was fighting to save his premiership amid a deepening revolt inside his party over a series of lockdown parties in Downing Street. "If anything, there is a risk of the BoE disappointing the market by acting less decisively" at its February meeting, Commerzbank analysts said, adding “a lot has already been priced in” in terms of future rate rises. “Unsurprisingly, political risk has not damaged GBP, where the focus remains squarely on whether the BoE hikes 25bp on February 3,” ING analysts said, adding they “continue to favour EUR/GBP drifting to the 0.8270/80 area.”
Electric vehicle (EV) battery startup Britishvolt has secured UK government backing for a battery plant in northern England, enabling 1.7 billion pounds ($2.31 billion) in private funding and boosting national efforts to build zero-emission cars. Logistics real estate investor Tritax and investment firm abrdn plc will provide the private funding for a 30 gigawatt-hour (GWh) plant in Blyth, Britishvolt said on Friday. The government will deliver its finances through its Automotive Transformation Fund.
Germany imported 7% less natural gas in the period from January to November 2021 than a year earlier, but its bill rose 78.5% as prices surged, official data from trade statistics office BAFA showed. However, there is concern over when flows will arrive through the new Nord Stream 2 pipeline from Russia, and about escalating tensions on the Russia/Ukraine border, which could disrupt or curtail shipments. BAFA's monthly figures showed Germany's imports in the first eleven months of last year totalled 4.546 million terajoules (TJ), equivalent to 129.3 billion cubic metres (bcm), compared with 4.888 million TJ a year earlier.
Despite a decent 2021 and a good start to 2022, I still view the FTSE 100 as undervalued. Here are three Footsie stocks I'd buy for their generous income! The post 3 cheap FTSE 100 shares I’d buy for their bumper dividends appeared first on The Motley Fool UK.
Office space providers including Workspace are limping back to recovery after being forced to realign their business models and strategies as tenants increasingly weigh in remote and hybrid working options or downsize spaces in the wake of COVID-19 pandemic. Companies exposed to office properties were pegged back further when the rapid spread of the Omicron variant brought back restrictions in several parts of the world. Workspace said utilisation, which calculates the physical usage of the office spaces by the tenants, has picked up in the first two weeks of January and is now at 43% of pre-pandemic levels, compared with 55% in November.