How a 23-Year-Old Marketing Coordinator Manages a $70K Salary: A Week in Money Diaries

Welcome to Money Diaries

In this edition, we explore the financial habits of a 23-year-old marketing coordinator earning $70,000 per year. This diary captures her spending over a week, offering insights into the choices she makes and the lessons she's learned about money management.

Quick Stats

• Occupation: Marketing Coordinator
• Industry: Law
• Location: Boston
• Salary: $70,000
• Assets:
  • Checking: $100
  • Savings: $400
  • HYSA: $8,000
  • Roth IRA: $4,500
• Debt:
  • Mortgage: $320,000
  • Student Loans: $20,800
• Paycheck Amount (2x/month): $2,150

Monthly Expenses

• Housing Costs: $1,600
• Loan Payments: $243
• Electricity: ~$50
• Wi-Fi: $45.94
• Subscriptions: $30.92
• Gym: $0 (covered by work)
• Transportation: $0 (covered by work)

Day-by-Day Breakdown

Day One: Thursday

• 5:05 a.m.: Wakes up and starts the day.
• 12:10 p.m.: Picks up Chipotle for lunch costing $10.11.
• 8:05 p.m.: Girls’ night out with coworkers, total spending $34.63.

Day Two: Friday

• 6:03 a.m.: Works out in the morning.
• 6 p.m.: Dedicates time to self-care and organization.

Day Three: Saturday

• 11 a.m.: Prepares burgers for lunch.
• 5 p.m.: Buys ingredients for dinner with friends.

Day Four: Sunday

• 7:30 a.m.: Attends church and spends $11.35 on lunch.

Day Five: Monday

• 5:04 a.m.: Morning routine and ready for a productive day.

Day Six: Tuesday

• 5 p.m.: Shops at Uniqlo for fall staples, total of $197.50.

Day Seven: Wednesday

• 9:03 a.m.: Breakfast from Tatte costing $16.74.

The Breakdown

Tracking spending is crucial for financial stability. This diary reflects the importance of understanding personal finance and budgeting effectively. For more insights, check out our money management guide.

Note: Money Diaries reflect individual experiences and do not endorse any behavior.

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