WELCOME TO HOW I Spend My Money, a series on The Journal that looks at how people in Ireland really handle their finances. 

Are you a spender, a saver or a splurger? We’re asking readers to keep a record of how much they earn, what they save if anything, and what they’re spending their money on over the course of one week. If you’re interested send a mail to money@thejournal.ie. We would love to hear from you.

Each money diary is submitted by readers just like you. When reading and commenting, bear in mind that their situation will not be relatable for everyone, it is simply an account of a week in their shoes, so let’s be kind.

Last time around, we heard from a part-time administrator who is a carer for her son, who has a disability. This week, a psychologist on €140k living in the east of the country. 

I’m a psychologist in my early 40s, working in private practice and living in the east of the county. I’m also a single mother with three young children. We fled domestic violence, so I don’t receive income from my ex. As part of my job, I take research trips to Zurich once a fortnight. As it’s for work, all expenses are paid.

Occupation: Psychologist

Location: East of the country

Monthly pay (net): I pay taxes through my limited company, so it usually works out around €8,000 after expenses, etc.

Childcare: €0. I rely on my parents (very lucky, I know)

Petrol: €350 per month

Food shopping: €900 per month

Credit union loan: €320 per month

Kids clubs and activities: €450 per month

Clothes for myself: €20-€30 per month

Kids’ clothes and shoes: €200 per month

Household bills: €300 per month

Gym/pool membership: €120 per month

Mortgage: Don’t have one – built the house four years ago on family land and used savings and money from shares I sold through work

Savings: I put approx. €2,000 per month into the credit union for my kids

Car: €0 – I paid it off last year to my absolute joy

Pension: Currently €0........

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