Inside the Finances of an IT Architect Earning €90K in Dublin

The financial habits of an IT systems architect living in Dublin reveal the realities of managing a significant income in one of the world’s most vibrant cities. Earning a base salary of €90,000 with an additional bonus opportunity of €20,000, this 35-year-old professional shares insights on budgeting, lifestyle choices, and future financial goals.

Work and Financial Goals

Currently employed by a prominent tech company, the architect enjoys the flexibility of working from home. With a clear objective to achieve financial independence by the age of 50, he aims to save at least €1,600 monthly along with a portion of his bonuses. Despite the ambitious goal, he maintains a balanced lifestyle, indulging in cultural activities and personal interests, including reading and cinema.

Originally from Germany, he relocated to Ireland, citing a higher quality of life despite the increased tax burden. After three years in Dublin, he has solidified his perspective on the benefits of living in Ireland.

A Week in Expenses

The architect’s weekly expenditure provides a detailed look at his financial management. His net monthly income stands at approximately €4,600, with expenses distributed across various categories. Notably, his rent dominates his budget at €2,400, while other costs include transport, groceries, and leisure activities.

His daily routine begins early, often starting with a cup of tea and reading the news. For his morning coffee, a trip to his local café costs around €3.60. Throughout the week, he manages to keep his lunch expenses low by preparing meals at home, occasionally spending on takeaway meals during social outings.

Over the course of the week, his total spending amounted to €123.30. Each day illustrates a balance between enjoying life and adhering to a budget. His average daily expenses reflect a conscientious approach to spending, with careful consideration given to both necessities and discretionary spending.

On weekends, social activities include watching sports and hosting friends, which further enhances his quality of life without excessive financial strain. The architect also emphasizes the importance of digital detox and self-reflection, noting that his lifestyle choices contribute to a greater sense of personal fulfillment.

“I believe I am on the right track and the diary made that clear to me once again: I am not limiting myself to an extent that I don’t enjoy my life right now in the present.”

His reflections on spending reveal an awareness of financial habits that may not align with the typical experience of others. For instance, he acknowledges that his coffee shop visits, while adding to his expenses, are an essential part of his daily routine, offering more than just caffeine.

Additionally, as a vegetarian, his grocery expenses tend to be lower than average, further contributing to his overall financial health. The architect’s commitment to using library services for entertainment rather than subscription-based streaming platforms showcases a strategic approach to reducing costs while enriching his life through literature and film.

Ultimately, this financial diary not only illustrates the spending habits of a successful IT professional but also highlights the importance of intentional financial planning. With a focus on long-term goals, such as achieving financial freedom, he balances enjoyment in the present with prudent saving for the future.

The insights shared in this financial diary serve as a reminder of the diverse ways individuals manage their finances, often reflecting personal values and lifestyle choices. For those looking to gain perspective on their own spending, the architect’s experience offers a valuable example of balancing financial responsibility with personal enjoyment.