How I Manage My Money: A Teacher’s Journey to Financial Stability and Career Growth

Laura Armstrong, a 39-year-old head of biology at MyEdSpace, shares her financial journey in our How I Manage My Money series. After working as a teacher for 15 years, Laura decided to switch to an online learning platform where she now earns £70,000 a year. She believes that teachers are burdened with administrative tasks and face challenges with classroom sizes and support for children with additional needs.

Laura’s monthly budget includes expenses such as mortgage, groceries, utilities, subscriptions, and savings. Despite her higher income now, Laura remains frugal and savvy with her money, avoiding credit card debt and focusing on saving and investing for the future. She plans to retire by the age of 60 and wants to provide the best opportunities for her three children, including funding their education and ensuring they are financially secure.

Through her experience, Laura highlights the financial struggles faced by teachers and the importance of financial planning and budgeting. Her story serves as an inspiration for others to take control of their finances and work towards their long-term goals.