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Need a little extra money?
I know there are a million ways to make extra money, but these are a few of the ones we have done to get our debt snowball moving. I’m usually on the lookout for more, but I have also discovered that time is money, and I have to consider the return on investment. Meaning: is the amount of time I invest worth the money I earn?
It would be easy for me to say that I should do everything that I come across that earns or saves money because we still have debt to pay. I’ll be honest, it is very difficult for me to say no to some money-making and money-saving ventures, but it is necessary. I am, just like all of you, given 24 hours in a day, and I cannot run myself ragged just to save a dollar. Our debt snowball is a marathon, not a sprint, and I need to treat it as such. My time is worth something, and therefore I carefully consider the money making and money saving ventures I partake in.
Below is a list of the things that I have done and am still doing to make extra money. Getting a smartphone changed my ability to deal shop. I think my deal shopping now will pay the additional price per month for my phone. I can’t believe I had a flip phone until December 2015, seriously even the Baby Boomers are more tech savvy than me.
This one ebbs and flows. It depends on how much time I have. We do a lot of grocery shopping at Aldi, which doesn’t take coupons, but prices are so good there you don’t even need them. For more information about how to organize your coupons check out Coupon Clipping for Ordinary Moms. I do not spend much time organizing or cutting coupons at all, and I do NOT (usually) buy things we don’t need.
This is super easy to use. Some items you have to scan the item and the receipt and for some items you just scan the receipt. Then once you earn $20 you need to send the money to your PayPal account. The more friends you have on your team, the better, plus you can earn referral bonuses. You refer a friend to save money, and you get money too. Win-Win.
One of the single largest expenses you will have after welcoming a new baby into your home is diapers. You will find yourself wondering how in the world one little person can go through so many diapers in a single day.
You’ll be amazed at how easy it is to save money on diapers.
There were times that I looked at my daughters and told them (not that they understood a word I was saying) that I was going to take the 25 cents per diaper from their college fund. It was most frustrating when you had just changed them and they dirtied a new diaper before you even finished putting it on.
You will start by buying newborn (or preemie if your baby is born early or just small like Amelia) then onto size 1 and 2 and 3 or even larger. As they get bigger the price per diaper or pull-up increases.
You’ll play the game of how much longer do I have to buy diapers. Okay, I’m going to stock up one last time and then I’m sure they will be fully potty-trained and I won’t need anymore, right?!?
As my girls got older I tried to rationalize with them.
They needed to be potty trained so that we could stop buying diapers and save money for our next vacation. It never worked.
Happy New Year! This is going to be a great year.
You have to believe it to achieve it, right?
I love the newness and opportunity for a fresh start that a new year brings.
I’m excited for 2018, especially when it comes to our financial goals.
I get a little too excited to do our year in review financial statement. Yes, I know that makes me a huge nerd, but I’m okay with it. If you haven’t done one before be sure to check how and why to do a budget recap every year.
Last year was the first year we recapped our year in this format and also the first year we publicly stated our financial goals.
Our financial goals for 2017 were the following:
- Pay $20,000 towards student loan debt (we paid $8,206)
- Average $650 spending or less on food every month (average was $796/month)
- Average spending on home supplies and improvement at $75 or less a month. (instead our average was $298/month)
Well we didn’t do so well on those, but it was our first year with such specific financial goals. One thing I will do differently in 2018 is to input the monthly income and expenses on the yearly spreadsheet at the end of each month. This will help us to monitor how we are doing throughout the year rather than just at the end of the year. Similar to how we track our monthly expenses on our everydollar budget throughout the month, rather than just at month’s end.
Sample year in review budget form. All you have to do is change the expense and income categories to the same ones you use from Everydollar or whatever budgeting system you use.
‘Tis the season to be jolly, Fa la la la la, la la la.” It is, right? If you don’t have money set aside for Christmas spending, the holidays are NOT quite as jolly.
A LOT of money is spent this time of year.
Gifts for everyone on your list.
Buying Christmas cards.
Stamps to mail Christmas cards. Does anyone remember when a stamp was $0.25?
Ingredients for all the baking you want to do.
Food for dishes to pass for every party or family gathering you are attending.
Donations – it seems everyone wants a little bit of your money this time of year. The guilt I have every time I walk by a Salvation Army bell ringer (I promise I give, but not every time I walk by) or say no to rounding up on my bill at a store.
Eating out more because you have less time at home to cook. You’re spending more time tracking down gifts for everyone on your list.
Is there any limit to the spending we do in November and December?
There can be, and the answer is simple . . . A Christmas budget.
Oh boy, there’s that Big Bad B word again that I love to use so much.
Honestly, though instead of being restrictive, a Christmas budget can be freeing. It allows you to spend money and enjoy doing so.
Follow my simple “steps” for how to set up a Christmas budget, and you’ll be singing Christmas carols right along with me all season next year.