Welcome to Spending Notes, where we do a weekly deep dive into how our readers spend their cash.
Today: a business executive who makes $72,000 a year
Occupation: business executive
Location: Charleston, SC
Salary: $72,000 (approx. $2,769 per pay period)
Thanks to a long weekend, I’m home with my family today. In particular, I’m helping my 16-year-old stepdaughter, K., prepare for the stress of college application season. I was a first-generation student myself and hope she won’t have to struggle through like I did. To further protect her from that outcome, I do some research into professional college application help. As it turns out, there are counselors who specialize in just that! We schedule a free consultation for late next week, then go get some ice cream to celebrate.
Back to work today, and I’m starting things off by meeting with an outsourced CMO. You see, our organization as a whole is so small that it wouldn’t make sense to have a formal in-house chief marketing officer. Instead, we’re able to bring in a part-time addition to the team who can fulfill the CMO’s role in a short-term capacity, offering the marketing expertise we need with a lower cost, which is perfect for our relatively small business. I grabbed a quick lunch from a break room vending machine and then made my way home, where my husband, L., had dinner waiting already.
Our part-time CMO isn’t the only way outsourcing lends a hand in my workplace. In fact, freelancers handle a lot of our new initiatives and task-oriented projects! That’s my focus as I try to move our digital marketing efforts forward. I join a few colleagues for dinner at a nearby restaurant—it was my coworker Q.’s birthday—and finish the afternoon off by connecting with a few more of our freelance contractors. After work, L. and I heat up leftovers.
As part of the company’s executive team, I support our overall business growth alongside each member of our team, from my co-founders to the team of experts that join us on a part-time basis. Today, I’m troubleshooting potential obstacles that we might face as we amp up customer acquisition long-term. There’s a lot of forecasting to be done, but I’ll pass the insights along to the rest of our leadership team so we can reach our growth goals. After work, I stop for gas, then head home, where L. has spaghetti bolognese waiting—an especially welcome addition after skipping my lunch break.
It’s payday, so I start paying some bills before heading into the office. Then, I request some last-minute vacation time before the holiday season arrives. Since we can only roll over a few hours in the new year, I’d much rather use these paid days off while I can! Since L. is retired, this also means we’ll get to spend some time together. After lunch (burgers from the nearest fast food shop), I connect with some of our freelance hires and in-house team members before signing off for the weekend. K. is coming to stay with us again this weekend, so she joins L. and me for dinner at home.
L. and I sleep in, but we’re still up over an hour before K. Oh, to be a teenager again! With the day ahead of us, I run a few errands and tidy up around the house. The three of us go to a local steakhouse for dinner, where we enjoy our entrees and the restaurant’s generous salad bar.
I never used to go to church, but L. always has, so the three of us make our way to Sunday morning mass. We tithe during the service, then enjoy a homestyle meal as a late lunch.
Total for the week: $925