Welcome to The Pickup’s Money Journal series, where we (anonymously) snoop on our Tulsa neighbors’ finances. Want to be snooped on yourself? Fill out our Money Journal submission form, or email Matt Carney at matt@thepickup.com. Thanks to our pals at Racket for sharing this format with us.
Job: Compliance Associate
Age: 25
Neighborhood: Renaissance Neighborhood
Education: Bachelor's degree
Estimated annual income: $46k
Partner's salary: $43k
Dependents: No
Estimated net worth: $90k
DEBT
I owe approximately $20,000 in undergrad student loans, though none are private. I have about $1,500 owed to credit cards right now, which is down from $8,000 this time last year.
ASSETS
The majority of my funds are in investment accounts, including a 401k ($20,000), Roth IRA ($6,700), and a personal investment account ($11,200). The rest is sitting in a high-yield savings ($55,000). I own a 2024 Kia that is worth about $17,000.
MONTHLY INCOME
My only source of monthly income is my job, and I take home about $2,600 a month.
MONTHLY EXPENSES
Our rent and utilities are about $1,600 a month, which my partner and I split evenly. So, I spend about $800/month on rent and utilities, then the rest of my budget is all over the place. I usually spend about $300 on groceries, but going out with friends and shopping eats up a lot of the rest of my income. I don't have to worry about a car payment, and I use a prepaid phone plan to save money ($120 every three months). I also pay my insurance in full every six months so I don't have to worry about it monthly, but that usually ends up being $1,200 every six months. I don't often consciously move things to savings, but I really try to avoid moving savings to checking at any point, even if it means staying a little hungry during the weeks I don't get a paycheck.
MONEY TALK