City lawyer, 26, earning £150k salary goes public with spending habits

Over £33k in financial savings and 0 scholar debt

A younger lawyer earning a hefty £150,000 a yr has gone public with her spending habits as salaries throughout City regulation soar to unprecedented ranges.

The junior affiliate, 26, has lived in London for the previous 5 years however admits she just isn’t “the best saver”, based on an anonymised piece she’s penned for way of life web site Refinery 29.

The rookie, who takes dwelling round £7,269 after tax every month, lives within the capital with her boyfriend and contributes £1,425 per thirty days in direction of their hire — a 60:40 break up. She contributes 5% of her salary to her pension and splits the utilities value, round £190, with her boyfriend.

As for scholar mortgage repayments? Non-existent as a result of “my parents paid for my undergrad [degree] and my employer paid for the LPC,” she tells readers. She presently has financial savings in extra of £33,000.

After offering a breakdown of her different month-to-month bills, together with a minimum of £650 to her financial savings account, she explains that between the ages of of 21 and 26, she lived in a flat in London which her mother and father personal. “I paid the utilities but a reduced rent,” the younger lawyer says.

Since shifting in with her boyfriend, she says she is now “100% financially responsible” however provides that she has been “financially responsible since the age of 23 in all aspects”, with the exception of the deducted hire.

Documenting one week of outgoings intimately, the junior lawyer’s spending comes to simply over £470 — “slightly above average” she caveats — with nearly all of this happening leisure (£156.35) together with journeys to a nightclub, the cinema and a portray class.

Cash apart, the nameless affiliate reveals she is a transactional solicitor so her days are “filled with drafting/reviewing contracts and other documents and liaising with our client and the other side”.

Her breakdown of her week additionally exhibits her working day can end wherever between 7pm and 11:30pm, with her agency offering a free taxi for late finishes within the workplace.

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