Issue #54 / May 18, 2018
✨ Catch up on what ya missed this week ✨
Donald Trump Helps ZTE Corp. With Business, Women With Working Moms Make More on Average
- TRUMPED UP ZTE: President Donald Trump said he was working with Chinese President Xi Jinping to keep telecommunications company ZTE Corp. in business, the Wall Street Journal reports.
- WORKING MAMAS: Women who grew up with working moms make 23%more than their counterparts who had stay-at-home mothers, Time reports.
- RETIREMENT SAVINGS: The internet exploded this week when Marketplaceshared a story on how you should have twice your salary saved by age 35 for retirement.
- TROUBLES AT TESLA: A board member at Tesla was temporarily ousted for allegedly sexually harassing women at his own venture capital firm. He could now be permanently removed from Tesla's board, according to Markets Insider.
- LADIES GET A LAWSUIT: Remember that Ladies Get Paid lawsuit? The men who sued the group are on a bit of a warpath, according to NBC San Diego.
💰She Spends on Patreon💰
This initiative allows you, our readers, to support our creative work with a little cash. We tallied the costs of running She Spends, and it's a whopping $936 per year. We would love your help in keeping up with those costs. Consider supporting us through Patreon, and you'll receive shoutouts, extra newsletters and more in return. Our first goal is $100 per month, which would cover the costs of running SheSpends (plus a little extra). Become a Patron and help us make that goal!
Fatimah Hussein on Championing Muslim Athletes
Fatimah Hussein is championing the physical activities of girls and women with her company, Asiya Modest Active Wear.
Hussein started her line of hijabs, which use breathable, sweat-wicking fabric and will stay on during a basketball game, for example, when she noticed girls and young women in her Minneapolis community, many of whom were from East Africa, weren’t participating in sports. If they were, these girls wouldn’t invite their parents to watch them play.
“That’s not a reason you should lose your culture or your religion,” Hussein says. “With the help of the girls, we started solving the issue. We found that the number one barrier was clothes. So they designed their first uniform.”
Although Hussein, a Hijabi Somali social worker, didn’t set out to create a business, the demand for the product was great. When visiting basketball teams arrived at the Minneapolis indoor gym reserved for Hussein’s nonprofit Girls Initiative in Recreation and Leisurely Sports, the teams’ coaches or players’ parents would purchase active hijabs.
Asiya sells three types of active hijabs with varying coverage — Lite, which covers the head; Sport, which covers the head and neck, and is the company’s bestseller; and Fit, which covers the head, neck, shoulders and chest. They come in four to five colors, depending on the style, and cost $40. There is also a limited-edition Fit hijab with a diamond print.
The company also produces custom hijabs for sports teams and organizations that cost $45 each, with a minimum purchase of 12 or more. The customization aspect makes up about 30% of the business, Hussein says. The company is also in the process of developing a hijab for swimming, which it expects to release by the end of the summer.
The hijabs are sold online and in some local stores, Hussein says. Asiya is on track to hit its 2018 revenue goal of $500,000, she says. It also offers an option for customers to sponsor an athlete for $35, and values collaboration with nonprofits.
“This is a social impact. We believe that our product is changing young girls’ lives, and we don't want money to be a barrier,” Hussein says. “Any girl who wants to play sports and who doesn't have a sports hijab, we always donate. Right now we have a big partnership with Girls on the Run to get girls to be more physically active. Anything that involves girls to be active is something we’re passionate about.”
- Amanda Eisenberg / She Spends Issue 54
What You Can Ask For From Your Professional Network
Although we’ve talked about how you can network, we wanted to share some tips this week on what types of questions you can be asking your network once you establish relationships. Of course, you should be keen to offer the following information in return to your professional network. After all, it’s a two-way street!
Salary and compensation information
This is perhaps one of the most important questions you can ask peers working in your field. Knowing what others make — and expect to make — at jobs similar to yours can give you real information about how much you should be getting paid. It can also help you prep to ask for a raise or negotiate at a new job.
Continuing education and certification programs
Keeping up with continuing education credits is hard. Tap into your network to find out how they’re keeping their professional licenses fresh. You may come away with new ideas for continuing education like mentorship or a specific conference.
What they like and dislike about their employer
This is one of the most valuable ways you can use your network. Finding out what your peers like and dislike about their employer can give you a front row seat to how they treat their employees. This can be useful when it comes time to look for a new job. It will help you easily determine whether or not applying for certain roles, which is worthwhile.
Whether they’ve heard of any job openings or freelance openings
Similarly, your network can help you find a new job or side hustle. Ask around — you would be surprised to find out who can help you! You can easily do this via email or text message. Just make sure you keep it low pressure. Not everyone knows about job openings.
What their favorite tools are for getting their work done
This is by far one of my favorite ways to tap into my network. Friends have taught me how to use Google Analytics to find out how She Spends is performing, how to organize my life using Trello and how to share news on social media using Hootsuite. Since we’re in similar fields, they have a lot to offer in the way of ideas, which can in turn help you improve at work.
Whether they can sponsor you in the workplace
This is a biggie! When you’ve networked well with your boss and other peers who are higher in the ranks at work, this is what you should be asking for instead of mentorship. A sponsor vouches for you to work on certain projects and will push for you to get paid what you’re worth. Instead of simply doling out advice, as a mentor would, a sponsor actually puts you out there. They’re like your own hype person. To be sure, you have to be careful in who you ask to be a sponsor. Sometimes it just happens on its own.
TELL US YOUR SPENDING SECRETS!
We're sharing the spending secrets of one woman each week - completely anonymously. This section draws inspiration from Refinery29's Money Diaries and New York magazine's Spending Diaries (gotta give credit where it's due, right?) Click here to take our anonymous survey on spending habits.
How a 25-year-old Boston-based middle school teacher spends:
- SALARY: I make $57,000 per year as a middle school teacher based in Boston. My contract is negotiated by the local teachers’ union. I don't have the ability to ask for a raise.
- SAVINGS: Honestly? Like $3.63 is in my account right now. It's tough for me to save right now, although I'm hoping to begin once my contract ends and I move to a different salary step next year.
- MONTHLY EXPENSES: I pay $875 for rent, plus another $140ish for utilities (I live with my best friend!). Teachers in Massachusetts don't get social security benefits, so we have a separate retirement plan that I pay into each paycheck. I'm still on my parents' health care plan. I pay for Netflix, Hulu, the New York Times and Spotify, which averages to about $50 per month. My phone plan is $100. I have USAA insurance (renters, car) that's $160. My car payment is $207 a month.
- DEBT: I have some credit card debt, but the biggest challenge is my student loan debt. My payments are around $1,300 a month. I knew they'd be big and had savings set aside so that I only pay about $500 out-of-pocket a month.
- INVESTING: I have not started investing yet.
- SPENDING VICTORY: My best friend and I went on a vacation to London and Dublin over the Christmas/January break and it was so much fun and worth every penny.
- SPENDING REGRET: I eat out too much. Like, waaaay too much.
- CHARITY: I make monthly donations to Planned Parenthood and the ACLU.
- SIDE HUSTLE: I do school-related things. I coach cheerleading and work summer school. I also teach over some vacations. I make about $14,000 a year from side-hustle stuff.
- IF I WON THE LOTTERY: I'd pay off my student loans and then I'd pay off my parents' mortgage.
- GOALS: Obviously, getting my student loans squared away, but I'd definitely like to own a house at some point. I think ideally I'd like to be comfortable enough to make monthly contributions to my savings account and also be able to take the summer to travel and relax instead of teach!
Updates, blog posts and other important things:
- FACEBOOKIN': We talked about sponsorship at work and cute backpacks in the Facebook group this week. Join us!
- CONTRIBUTE: Support us through Patreon! Your patronage can help us continue to create tools that empower women to hammer away at the glass ceiling.
- PATREON SPOTLIGHT: Shoutout to Patreon supporters Maria Eisenberg, Jacob Bell, Gracie Raver, Emily Munson, Carolyn McElhaney, Alexis Andreas, Bill C. Smith, Carmilla Tan, Duncan Magidson, Tim Livingston, Ellen Kern, Emma Court, Mimi Chiahemen, Lauren Bonner, Julia Reinstein Ally-Jane Grossan Christie Hamilton Kristina King and Sara Rosso. Couldn't do it without you!