The monthly spending diary of a French hedge fund analyst on £500k
This is the third in our series of anonymous "spending diaries" looking at the lifestyles in financial terms of people working in financial services jobs globally.
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Name: Withheld
Rank: Senior analyst, credit
Fund: Withheld
Location: London
Annual salary: £200k ($261k)
Annual bonus: c£300k
Annual investment income: c£12k
Monthly salary after tax: £9.8k (excluding bonus)
Monthly mortgage payments: £2k
Monthly payments on school fees: £3k
Annual spending on vacations: c£12k
Monthly savings from salary and investments: c£2k
Comments: Like most people in this industry, I spend my salary and save my bonus. My bonus can be erratic, but in a good year it’s £300k. I don’t want to rely on my bonus for monthly spending, though.
I live quite a modest life with my wife and young family, We don’t go out all that much, nor do we eat out much. Since having children we’ve got a bit old and boring. Our fridge contains all the normal middle class stuff – we shop at Waitrose and Sainsbury’s like everyone else.
Our main indulgence is two holidays a year – we usually go to France and Greece and have an amazing time.
Life has definitely got more expensive, but we haven’t made many changes to our lifestyle. We’re very privileged to have such a high family income.
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