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Here's how much a New York City man who makes $70,000 a year spends in a week

Published by Business Insider on Mon, 17 Aug 2015


In the Everyday Dollar Diaries series, I collect personal journals from real people who have tracked their normal spending habits over seven days, and then publish them here anonymously.One of the first steps I took to save $1 million by age 35 was becoming aware of how I spent my money.If you ever wonder, "Where does it all go'" then I challenge you to keep your own spending diary for seven days.You'll be surprised at what you might find.The New York real-estate agentA 30-year-old single male from New York City. He has $30,000 in student loans and $1,000 in credit-card debt, and he makes $70,000.His biggest expenses are $1,300 a month for rent (which he splits with his girlfriend), a monthly $587 payment toward his car lease, and paying down his student-loan debt.A commission-based agent, he has gotten into financial trouble during slow periods. He has now established an emergency fund to weather those times and feels cautiously optimistic about money.MondayI'm in a dart league and bought dinner & drinks ... $20.00TuesdayCoffee from Dunkin' Donuts ... $4.34WednesdayMonthly car payment & car insurance ... $587.00ThursdayMonthly student loan ... $59.00FridayBreakfast out ... $15.00Dinner out ... $30.10SaturdayNo spending ... $0.00SundayDog food ... $35.00TOTAL WEEKLY SPENDING: $750.44This post was excerpted from "The Everyday Dollar DiariesPart 4," originally published on Mr. Everyday Dollar.SEE ALSO:Here's how much a retired landlord who makes $126,000 a year spends in a weekJoin the conversation about this story
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