April Re-Cap

I’d have to say that all-in-all, April turned out to be a fabulous month in terms of finances.  Here’s the goals, followed by a bit of updates for the month:

Financial Goals: 

  1. $650 into retirement accounts  CHECK!
  2. $1,500 into savings    $1,170 into savings; see notes below
  3. $250 extra to mortgage   CHECK!
  4. Limit variable spending to $250  Amended challenge meant an increase to $500, which I went over by $150–oops!
  5. Find a way to bring in an extra $100+  CHECK x50—I brought in over $1,500 extra!

Household Goals:

  1. Finish kitchen/dining room painting  CHECK!
  2. Host a Girls’ Night   Changed to Easter brunch and a huge success-CHECK!
  3. Prep porches for re-finishing  Fail–maybe next month!

Personal Goals:

  1. Run consistently, up mileage to 40 miles/week   CHECK!
  2. Maintain balance   CHECK!

Overall, I’m extremely pleased with this month.  I was able to put away over $1,100 into savings, PLUS, I found an incredible TravelZoo deal which I will be discussing in another post.  Yay, vacation!!!

Makin’ Mo’ Muh-nay!

In terms of my new challenge, I’d say so far, so good freaking fabulous!!  Before I list the numbers thus far,

Here’s how I would tackle the world of Craigslist:

  1. These side hustles would be found in the “gigs” section of the site (I need a break from consistently working 3 jobs during the week!)
  2. They should be fun/something different than what I usually do
  3. They must be able to be completed outside normal working hours and, preferably, in one day/weekend
  4. They can’t have any serious tax implications (read:  cash is King, baby!)
  5. It wouldn’t hurt if these gigs also combined physical activity/exercise

Here were my personal rules for how to confirm/complete the work:

  1. Set up anonymous gmail address from which to reply (just lists first name and last initial)
  2. Get a contact number, address, Company info, etc. BEFORE giving out any of my information
  3. Agree to terms of payment before work is begun
  4. Ensure payment is up-front or have written confirmation of when $$ will be sent
  5. If a meeting is required, ensure it’s held in a busy, public place
  6. Tell friends where I’ll be if gig requires travel or cannot be done from home
  7. Have cell phone on & charged when I’m there!

Here’s what I’ve done so far to Make Mo’ Money (includes non-Craigslist items):

  1. Worked at the Boston Marathon Expo ($285)
  2. Participated in a runners focus group ($200–cash!)
  3. Secured some freelance web copywriting ($150)
  4. Cashed in credit card rebate ($50)
  5. Cashed in insurance rebate ($564.74)
  6. Turned in final timesheets for old tutoring position ($180)
  7. Convinced sister to pay remainder of $$ she owed me from a loan I gave her ($100)

Total side hustle for this month so far:  $1,529.74  ($635 of that is from Craigslist gigs!)

Amended Challenge

Wow, has it been a busy month!  Unfortunately, it’s also been an expensive month.  After analyzing my spending so far, it’s apparent that I need to make some changes to my proposed challenge.  After careful consideration, I decided to rename the challenge:  the Make More Money Challenge.

I’ve read a lot about making cuts to budgets and how that can only bring so much change.  At some point, it may be necessary to EARN more money.  While I already have two jobs (the third was contract and has since ended), I decided that the way to do this would be through random side gigs.  Hello, Craigslist!

I will be posting my spending reports as well as my “side hustle” figures in other posts.  If you’re a “side hustle” person, please let me know what you do/what works for you.  So far this has been a pretty fun challenge–I’ve had some very interesting experiences!

Whatever your personal challenge may be for this month, I hope you’re doing well with it!  :)

April 2011 Goals: Another No-Spend Challenge!

Financial Goals: 

  1. $650 into retirement accounts 
  2. $1,500 into savings
  3. $250 extra to mortgage
  4. Limit variable spending to $250
  5. Find a way to bring in an extra $100+

Household Goals:

  1. Finish kitchen/dining room painting
  2. Host a Girls’ Night
  3. Prep porches for re-finishing

Personal Goals:

  1. Run consistently, up mileage to 40 miles/week
  2. Maintain balance