Online income: Despite really being a slacker with blogging, I’m still bringing in over $500 a month with blogging. This online income is really helping my gigs for goals setup. The great thing about blogging is that each post is creating a small part of a bigger asset that will work for you over time. You can take some time off or spend time on other projects and your blog keeps working for you to some extent. Cool, right? If you don’t have a blog yet, what are you waiting for?
Roth IRA: Since I’ve been making money from jobs, businesses, blogging, and more, I’ve been funneling extra money into my Roth IRA. Saving money in my retirement account is a luxury that gets cut immediately when I’m unemployed, so I’m now making up for lost time. It actually feels fun to save money in there because I love looking at the rising balances. I think if I contribute my max allowed this year I’ll be able to hit my retirement savings goal.
Couple savings: My boyfriend has jumped onto the savings train with me. I previously was more of the saver in our relationship but he is doing great things with his income. He recently got a raise and put all that extra money towards savings. I’m pretty excited that he is saving $1,000+ a month and sometimes even per paycheck. That’s a huge amount and will really benefit us when we go to buy a house together next year.
Budgeting: I’ve been slashing my budget a lot lately! I’ve changed to a prepaid phone model that took my bill from $90+ to just $45 each month. I’ve also switched car insurance companies, dropping my monthly bill from $106 per month to just $75 per month. All these little savings are adding up and making it a lot easier to create and stick to my budget for the month. I’m also trying to save money monthly by cooking more at home but that has been the one budget struggle I keep losing.
Job stability: I’ve mentioned a job several times on the blog because I’ve been working one for the last few months. However, the stability and long term prospects for this particular job are very low. It’s a small business startup type of a deal and the money that is used to pay employees is drying up. I don’t know why I continually end up working for companies that can’t make payroll but it seems to be my professional curse. The money hasn’t disappeared yet but it feels inevitable so it’s time to start looking for my next gig. Anyone hiring?