Account director, 30, on £40k still borrows money from her parents

Millennial account director on £40K a year who lives with her parents says she STILL borrows up to £500 from the Bank of Mum and Dad every month – but insists her lifestyle is ‘in no way extravagant’

  • Sian Teasdale moved from London to Bournemouth to save up for house deposit
  • Account director moved back in with parents and has monthly salary of £2,200
  • Despite earning more than the UK average, she borrows up to £500 a month
  • Wrote a piece for weekly magazine Grazia explaining how parents ‘bail her out’
  • Twitter users mocked Sian, telling her to take public transport and stop drinking

An account director has come under fire after admitting she borrows money from her parents every month – despite living at home and earning £40,000 a year. 

Sian Teasdale, 30, left London 18 months ago to move to Bournemouth so she could save up for a house deposit.

Despite renting being far cheaper in the seaside resort, Sian ended up moving in with her parents, and now pays a reduced rate to her mum and dad.

But writing for Grazia in a piece titled ‘I earn 40k and live at home, but I still need my parents to bail me out each month’, Sian admitted that she still has no savings and regularly sponges off her mum and dad. 

Twitter users have ridiculed Sian, saying she ‘needs a wake up call’ and should drink less and take public transport instead of driving so she can save more.

Sian wrote in her piece: ‘I work in a very sociable industry and there’s an unspoken pressure to join in with Friday night drinks, and I do need to buy clothes for work.

Sian Teasdale, 30, has admitted she borrows up to £500 from her parents every month – despite living at home and earning £40,000 a year

The account director moved from London to Bournemouth 18 months ago and now lives with her parents. She pays a reduced rent

Despite having a monthly take home salary of £2,200 – which is above the UK average – she claimed she still struggles to save. Pictured: Sian with her father

‘Apart from that, I don’t splash out on luxuries. I don’t have a gym membership, I do my own nails, I colour my own hair, and fancy holidays abroad are a pipe-dream. The odd mini-break with friends is as much as I can afford right now.’

In the article, Sian claimed that after paying her rent, car and phone bills and buying petrol, there is ‘not a great deal left’ of her £2,200 monthly take home salary. 


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Her parents give her between £100 and £500 every month when she runs out of money, and Sian even admitted to borrowing £20 for a takeaway.    

The 30-year-old said it was ‘demoralising’ to have to rely on her parents at that stage, and admitted she felt like a ‘burden’, but insisted she is not a ‘frivolous millennial’ who doesn’t know how to budget – the cost of living is simply too high.

Writing about her money spending habits for Grazia, Sian said: ‘I work in a very sociable industry and there’s an unspoken pressure to join in with Friday night drinks, and I do need to buy clothes for work. Apart from that, I don’t splash out on luxuries’

Sian has been ridiculed on Twitter, with many users saying she ‘needs a wake up call’ and should drink less and take public transport instead of driving a car 

‘But the reality is that even earning that much, it can be hard nowadays to lead a normal, and in no way extravagant, 30-something lifestyle. It’s embarrassing, but not unusual.’ 

Readers have been left baffled by the piece, taking to Twitter to complain that Miss Teasdale is ‘insulting’.

Louise said: ‘This is a facepalm of embarrassments. Loads of people live at home to save deposits, but THAT should be a full stop of parental support if she has £2000 take-home.

‘Write down everything you spend in a month, take a long look at it and feel embarrassed. £20 to sit in? Gimmeabreak.’

Wendy Gill added: ‘OMG how insulting to everyone who earns less money, spolit comes to mind.’

Sian described her lifestyle as ‘normal, and in no way extravagant’, but admitted to asking her parents to borrow £20 for a takeaway in the past

Many Twitter users questioned how Sian could spend more than £1,000 a month after paying her rent 

Lucy Robinson posted: ‘Seriously, stop drinking and take public transport – there you go, problem solved. Welcome to normal adult life.’ 

Others questioned whether the magazine article was satirical, as they struggled to believe that it was real.

One tweeted: ‘This is parody right? I mean this can’t actually be a real story. I earn about half of what she does in a month and yet I somehow manage to pay my mortgage, feed my family, and still have money left over at the end of the month.

‘Learn to budget. It’s not hard.’

Tania Hinds agreed, and replied to the article on Twitter, stating: ‘I just find this completely insulting.

‘I earn half of that and live and work in London. It’s called budgeting and having self control.

Sian said that while she feels like a ‘burden’ to her parents, she claimed her problems are not  about ‘frivolous Millennials who don’t know how to budget’, and that the cost of living is simply too high

But Twitter users disagreed, saying they earn far less and manage to save. Some even thought the article must be a parody

‘It’s a pretty basic concept knowing not to spend outside of your means.’

But whilst her income is much higher than the average UK salary of £27,271, Miss Teasdale insists that she doesn’t know how she could save more money.

She said: ‘My 20-year-old self assumed I’d have my own flat, savings in the bank and be able to look after myself.

‘The reality is I’m not even close to being in that position.

‘By the time I’ve paid rent, done some food shopping (I want to pay my way as much as I can), settled my phone bill and insured, taxed and put petrol in my car, there’s not a great deal left.’ 

Miss Teasdale did not respond to a request for comment. 

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