assortedmoneydiaries

[assortedmoneydiaries]

a week in NYC on a $80,000 salary

Day One

5am: I wake up, snooze for 10 minutes, and do my morning face routine: rose toner, bronze eyeshadow, eyeliner, eyebrows. I make a fried egg over easy (a dozen for $1) and drink some peanut milk (homemade with peanuts, water, and sugar). 

6:45am: I get to my monitoring appointment for my egg freezing process, and I get bloodwork and an ultrasound within 20 minutes. I pay for lupron, a trigger medication for the egg retrieval process scheduled for this weekend. I’m getting my egg freezing reimbursed, but for now I’m paying this out of pocket. $85. 

7:50am: I get to work - it’s a Sunday, but I have a 12 hour shift ahead of me. I immediately get a sign-out about a patient with a weapon in his rectum, so this day is already wild. 

12:00pm: The day hasn’t been too bad, actually; I microwave my pre-packed lunch - white rice with eggplant, chicken, and thai basil. I briefly entertain buying a drink from the vending machine, but it passes. 

6:00pm: After a day of answering pages and browsing furniture, it’s dinner time! I microwave my pre-packed dinner - pesto chicken bread pudding that I made with my brother’s leftover sourdough bread. Back to work. 

8:00pm: Time to go home! The night ended with a patient who caught a goose in Central Park with a fishing net and decapitated it. The police confiscated the knife and the goose. 

10:00pm: Because it’s the weekend, my normal one hour commute becomes two hours. I talk to my prospective roommate about our housing plans, inject myself with follistim and clomiphene for the egg freezing, and pass out. 

Daily total: $85 (to be reimbursed). 

Day Two

6am: Same routine, but an hour later! Wash my face, get dressed, and an egg and peanut milk. Not having to think about breakfast makes my life easier when I’m already so groggy. 

8am: I’m still on the subway, but we have virtual morning lectures from 8am-9am, so I just join on my phone. I get to the hospital at 8:10 and continue the lecture on wifi. I drop off the black sesame milk buns that I made over the weekend in the residents’ lounge. 

9am: We have morning rounds for 30 minutes, and I go see my patients and write their notes. One of my patients is someone I saw in the ED yesterday, and she’s very sweet now that she’s no longer intoxicated. 

12pm: Lunch time! I microwave my pre-packed lunch, same as yesterday, and chill with the other residents for an hour. 

3pm: I count down to 3pm for the donut drop from Kora; within 3 minutes, the donuts are sold out. Thankfully, I made it - 2 sets of the Sari-Sari (leche flan, ube, churron, halo-halo, and keso). All set for pick-up on Friday. :) $65. 

4pm: I get out of work, and go home to chill, work on the apartment rental application, and work out. 

7:30pm: Dinner with my mom eating leftovers, and then Stone Age (a free online board game with friends). 

10pm: Follistim and clomiphene again, and off to bed. 

Daily total: $65 (hopefully will be reimbursed for $56 since I’m sharing with 6 other people) 

Day Three

5am: I have to go for monitoring again today, so I wake up early ... and do the same routine, except with hot HK milk tea instead of peanut milk to warm me up. 

7am: It’s 50 degrees outside, and I decide to cancel my dinner plans (outdoor dining with a friend) because I’m not dressed appropriately for the weather. I go in for monitoring and it turns out I need to take a medication as soon as I get home from work, so I have an even better excuse to cancel.  

10am: I discharge two patients, one of whom is my age and is one of the nicest patients I’ve ever had. I have medical students now, so I bring them along to see my patients. 

12pm: Lunch time - I microwave my pesto chicken bread pudding that I brought from home. I was hoping to snack on a black sesame milk bun, but they’re all gone. :(

5pm: I go home instead of going to dinner, but it turns out that I don’t have the medication after all. I contact the ob/gyn, but it’s not available at any pharmacies; I’ll just pick it up from the clinic tomorrow (for free). 

7:30pm: I eat leftovers again for dinner (peking duck and steamed dumplings). The rest of the night is pretty low-key; lazing in bed and scrolling through social media. I get myself to do a few squats, but I feel so meh that I don’t really end up doing much and call it a night. 

Daily total: $0 

Day Four 

5am: It’s getting pretty tiring waking up early for these appointments - can’t wait for them to be over! The follicles are growing nicely :) I pick up the medication and make sure I don’t lose it this time. 

10am: I discharge another patient, who is legit one of the most motivated patients I’ve ever met; he called his pharmacy to make sure that his medications would get sent properly. 

12pm: I remembered that I had some leftover beef rendang from dinner last week, so I microwave that for lunch. I also take the medication ... vaginally, and I lie down on the couch for 10 minutes awkwardly while my co-residents come in and out of the lounge. 

5pm: I catch up with a friend through FaceTime, and we talk for 2 hours about self-quarantining, socializing, therapy, and being tired introverts. 

7pm: Duke is hosting a free private screening of Miss Juneteenth with a panel of speakers (including the film director and producer), so I watch it while eating dinner with some college friends. I didn’t immediately love the movie, but the panel definitely made me appreciate it a lot more. 

10pm: Medications again, and off to bed because I have ANOTHER early appointment tomorrow. Oof. 

Daily total: $0

Day Five

5am: I press snooze and I basically get out of bed at 5:30 and leave at 5:50. I’m coughing a bit this morning, and I’m 99% sure I don’t have covid, but I don’t know for sure. 

9:30am: I talk to my attending and program coordinator about my very mild symptoms - slightly running nose, dry cough - and they recommend that I just get tested downstairs. It’s very efficient; I sign up for a patient portal, and I get bloodwork and the nasopharyngeal swab for the PCR. I really do not want to get swabbed again unless I have to; it does not feel good. 

12pm: Microwaved lunch again - rice with tofu and beef, which my mom made last night. 

2pm: I’m negative for antibodies! 

5pm: I take a quick trip to Chinatown to grab some snacks - drinks at Bambu for two, which I have 20% off for ($14) and a set of 6 cheese tarts from Pink Lady ($16). $30. 

6pm: My fertility doctor calls me and tells me that we have to reschedule my egg retrieval until I get my covid result back. :( 

7pm: I meet up with two friends for dinner at a Korean-Uzbek restaurant near my house; it turns out that they do outdoor dining! We were originally planning on doing takeout and eating in my backyard, but this works, too. We get lagman (a hot Uzbek beef noodle soup), kuksi soup (a cold Korean noodle soup reminiscent of naemgyung), 4 pieces of manty (Uzbek beef-lamb dumplings served with sour cream), and a Korean beef bun. $17

9pm: We go back to the teahouse in my backyard, and eat cheese tarts and finish our drinks. We lose track of time talking about furniture styles, dating, splurges, and money diaries. I regretfully have to end the night at 10:30pm because it’s time for my medications, and I have to go to sleep. 

Daily total: $47

Day Six

6am: I didn’t have to go in this morning, whew! We also don’t have lecture this morning, so I had a leisurely morning reviewing my patient charts. 

9:30am: Negative covid test, yay!!! Egg retrieval is on for Sunday. 

12pm: Microwaved rice with eggplant, chicken, and thai basil again. I still have 2+ weeks worth of this and the pesto chicken bread pudding at home; I really should freeze it. 

2pm: I try to talk to my new admission, but apparently he refuses to talk for the first three days every admission. So ... just chilling. 

5pm: I go to my bank to get certified checks, but it turns out they’re $12 each and money orders are only $1 at the post office ... so I go to the post office. I get two checks for $1200 and $750 and pay $4.75 in fees. They’re supposed to be reimbursed, but I have to pay the application fee for my rental building up front. $1954.75

6:30pm: I give one donut to my brother and I sell one to someone else, so I get some money back! 

7pm: I meet up with friends for dinner at Tradisyon, where we split a bunch of entrees among 5 people: squid, lechon, sisig, mackerel, and kare kare. Everything was delicious :) We shared the donuts, but they were actually really dense, so we only ate 5. Idk what I’m doing with the 3 leftover donuts :x $15. 

10pm: We continue hanging out but it gets too cold and I need to inject myself at 10:15pm, so we end up going to someone’s studio apartment nearby :O First time hanging out indoors for some of us! 

Daily total: $1969.75 ($1950 to be reimbursed)

Day Seven

8am: I go in for final bloodwork, and I pay for the egg retrieval procedure for tomorrow - oof. I’ve never had to spend so much at one time, and I was mortified when my credit card was declined. We put half on my credit card and half on my debit card. $3250. 

9am: I hang out at Chris’ apartment because I need to wait until 10:15am for my second injection, and I may or may not need to have the procedure today if my bloodwork comes back indicating that I may be ovulating. We chill and wait for Daniella to arrive. 

11am: We decide that it’s way too cold outside to go biking in Central Park or eat out, and we ultimately decide on spicy hunan food from the restaurant right next door to Chris’ apartment. We order a LOT of food - mapo tofu, eggplant with green beans, chongqing chicken, hot and sour soup, beef noodle soup - and eat at his kitchen counter. I drink some of Chris’ tea with his maple oat milk from Trader Joe’s. $24. 

2pm: After a lot of conversations while chilling on Chris’ couch (and a 15 minute nap), we decide to go for a short walk outside so that we can feel slightly productive on our free day together. We check out some cool recycled trash sculptures of dogs that are ... kinda ugly. 

3pm: I go home and spend the rest of the day freecycling (posting stuff I don’t want anymore for other people to pick up from my house) and chilling. 

8pm: It’s Saturday night, which means my dad makes sushi for us. It’s a decadent, delicious, and free meal for me :) 

9pm: I go to bed early for my procedure tomorrow! 

Daily total: $3274 ($3250 to be reimbursed)

Weekly total: $5440.75 ($5317.88 to be reimbursed, so actually $122.87). 

#laubster

[assortedmoneydiaries]

intro: NYC on a $80,000 salary

Introduction

Occupation: Psychiatry resident, PGY-II  Industry: Healthcare Age: 29 Location: Brooklyn, NY Salary: $81,469 Net Worth: ~$4,500 in savings and investments, ~$7,000 in retirement (IRA, 403b)  Debt: $340,000 left in student loans Paycheck Amount (2x/month): $1,945 Pronouns: She/her

Monthly Expenses

Rent: $0 (I’m living at home with my parents right now) Student Loans: $40 (I’ll be doing the PSLF plan)  Health Insurance: $0 (provided by work, $10 copay for all visits)  WiFi: $80 Electricity: $0 (living with my parents)  Phone: $0 (on family plan) Spotify: $0 (on family plan)  Hulu/Disney+/Netflix/HBO Max: $0 (free with Verizon FiOS)  Investment: $500 (Wealthfront) + $514 (TDA)  Savings: minimum $474  MetroCard: $117.24 (pre-tax)  Tithe: $200 

Financial Background

Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it?

Absolutely; my parents expected me to go to college, though they did not have any expectations for me to attend graduate school. I had a scholarship for college, but I had to take out loans for my MS and MD. 

Growing up, what kind of conversations did you have about money? Did your parent/guardian(s) educate you about finances?

My parents don’t make very much, so their focus was always on spending frugally and saving. I still get lectures about how I need to be saving more - it’s how they bought their house in NYC and were able to provide for me for most of my adult life (and continue to). I didn’t have any education in investments or retirement, so I had to figure that out on my own, though it helped that my brother works in finance. 

What was your first job and why did you get it?

My first job was as a teacher’s aide at a summer camp through my high school when i was 14. It was something to do during the summer, and my parents encouraged me to work. 

Did you worry about money growing up?

Yes and no; I wasn’t personally worried because I always had what I needed, but my parents constantly stressed that I needed to save more, which gave me some anxiety. 

Do you worry about money now?

Somewhat; I’m doing fine for now because I don’t have to pay rent, but it will be a lot more difficult once I start paying rent next month, and it’ll be almost half my paycheck.  At what age did you become financially responsible for yourself and do you have a financial safety net?

Last year, when I started residency in Arkansas. I made $50k, but my rent was $300 a month, so I lived comfortably but somewhat paycheck to paycheck. I only started building my financial safety net in June, so I do not really have one on my own, though I know I can always fall back on my parents and my brother. 

Do you or have you ever received passive or inherited income? If yes, please explain.

No. 

#laubster #intro