How To Create A Budget That Works

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Budgets are the new wave in the financial world and if you haven’t already heard about them, let me give you a crash course. So a budget is a set plan that tells your every dollar where to go for each month. Many people run away from budgets or have loose designed planned budgets. I will instruct you on how to create one, that not only works but will grow into a monthly activity.

FIND YOUR CORE AMOUNT

The amount of money you spend each month on reoccurring bills that are necessary for you to live I call core amount. This includes, rent, water bill, car insurance, utilities, internet, car note, cell bill, etc. These are items you know wont change month to month and you can easily predict the amount. Once you add this number up, keep in mind this is the amount you must absolutely make every month to live. Obviously, utilities and water may change but if you can’t live without it included it in this total.

ADD SURPRISES

This is when budgeting gets tricky if you don’t account for this space. Now obviously you can’t predict when your car will break down. However you can predict small things like, Mothers day gifts, baby needs new car seat, car needs oil change. When you sit down to budget look at whats happening in that month and try to put a set amount on what your going to spend. So its may 9th, me and my husband budgeted my mothers day gift and my mom spending the week with us. So therefor he doesn’t go crazy at the mall, and it allows us to figure out how many restaurants we can all go to when she flies in. Just remember budgeting is putting a name on every dollar you own!

INCOME

Once you finish getting your core amount and adding in all the surprises of the next month, you must come to income. Now for some people this is easy if you are salary. Salary people just write down how much you will bring in this month and your done. My hourly people you will need to write down the average you bring home. So if you typically bring in $1900 a month and one month you bring in $2200, just remember to save the extra for the months you don’t quite make the $1900 monthly income.

MATH

Last step,(my favorite part), do the math. Take your core income and your surprised expenses add them up now minus them against your monthly income. You should have some money left over. Thats because you haven’t taken into account your grocery,gas, and walking around cash! The amount you have leftover will help you decided the type of groceries you can buy, the restaurants you can go to, and the amount of nail/hair appointments you can make. This is what makes my way of budgeting easier and more efficient. When you see you only have $300 dollars leftover to spend on food and gas you SHOULD be willing to cut out restaurants and miscellaneous because the math doesn’t fit your budget. This way allows you to focus on the bills that make sense(rent, water,etc). When you get to the math part of budgeting and see all the things that don’t make your budget you will need to start making executive decisions, I call them budget cuts!! With this leftover money put how much you can spend on things like food and gas. I typically spend 200-220 on food, and gas is 100 for my family. If we only have $300 leftover for the month, I start looking at what can I cut. Do I need to lower my mothers day gift budget, maybe Jamal can get an edge up vs a haircut. When you know you don’t have a lot of money leftover you will start to change the way you spend.

Let me be super honest here, budgeting gets very difficult, it will takes months before you actually hit it on the target. Life comes with so many loops and turns its hard to direct money, but with chaos comes order you need both. This is what makes budgeting so important. You will set out a budget of where you want your money to go and of course your car will break down that month, or some random expense will pop up that will re-allocate your money elsewhere. Be ready and be prepared it takes time to get it right and some months you may not hit the mark. It took me about 5 months to finally hit the dot. I would get close and my son would run out of diapers, or my husbands car needed an oil change and I forgot to budget that expense. So start this journey knowing it will be a long trip and some months will get difficult. Don’t give up, keep pushing the journey will be fun and worth it in the end!

My 1 Year Review Of Robinhood (The Investment app)

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If you haven’t read my post on robinhood click here. I have officially had and traded with this app for over a year now. My background on stock is very bleak, I didn’t know much but the basic and few quotes I looked up from warren buffet. I did small but detailed research into a few stocks I used or thought were good buys and dove in and bought a share of each. I didn’t try to time the market and get the lowest price, my goal was to buy and hold and see how life would roll!!! Lets see what happened.

The Good

Square: ticker SQ– I bought this stock at $23.60, it now trades for $47.05. I gained $23.41 from buying and holding this stock. That is a 99.24% gain. (you want to be somewhere near 8-12%) My thought on buying this was it was an IPO(a new stock) and I saw how many young entrepreneurs were using the card reader. With buying local, shopping in the community, being a big thing for my generation I knew this stock would potentially grow, didn’t think it would be this fast!

Phillips 66: ticker PSX-I bought this stock $82.92 the first share and came back and bought another share at $91.38, it now trades for $111.81. I gained $49.29 that’s a 28.28% increase. Now I didn’t technically pick it I asked my husband what he wanted to buy and he looked up warren buffets stocks and this was one he owned. With a 2.70% yield and a warren approval we made a nice come up.

Target: ticker TGT– I bought at $54.64 and it trades at $71.73. That’s a gain of $17.08 at 31.26%. I didn’t do to much research I just thought well dang I’m always shopping here and I love this brand I might need to buy a share. I try to buy in spaces I understand, and want to be a shareholder of.

Teladoc: ticker TDOC– I bought at $32.90 and it trades for $42.00, that’s a gain of $9.10 at 27.66%. My mom told me about this stock. She believes this is where healthcare is going. I also recalled in one of my benefit meetings at work HR was explaining to us that we could use an online portal to talk to a doctor. It was new and seemed really futuristic, so I thought why not give it a go, and at only 30 a share my risk isn’t too high.

 

THE UGLY

Fitbit: ticker FIT– I bought 2 shares, one at $5.43 and $6.04, it now trades for $5.28. That’s a loss of 0.91 a -7.93%. I saw this stock at $5 a share and thought lets go for it. And now over a year it is still suffering. I still believe in fitbit but so far it has loss me money!!

However I wrote this post about a week ago many stocks have changed and fitbit is finally in the black for me. With stocks you can be up one day and down another. Thats why you must invest for the long hall and not get emotional when your stock isn’t doing well, and you sell too quickly.

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With no experience in trading and no educational background in the stock market I have wounded up making $102.33 that’s a gain of 35%. No savings account could net you that yield! I plan on sticking with Robinhood and trading with it for a while now. A few stock I plan on holding till my son graduates, others I am waiting to trade soon. Do your research don’t over think it, start small, and start reaping the benefits!!!

Any stocks you have bought that gave you great gains comment below?

 

 

 

 

 

Credit Card Improvement 101

 

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Looking back at my views I notice that you guys seemed to be really interested in credit cards. I will be open and honest I only have 4 years worth of credit history, my score starting out around 700 and now I hoover over 790. I was just an average american with a credit card in college, and just worked it up from there. I have no mortgage, or student loans on my account, however I’ve worked with many people who were close to filing bankruptcy and helped them move there score over 100 points in 1 year! I also know the quick fixes that can improve your score by next month!

 

KNOWLEDGE IS KEY

If you can recite your phone number, or social security from memory you should be able to know what your credit score it, or the range it falls under. When you don’t know this viable information it’s easy for your score to suffer. Knowing is half the battle. What if your identity was robbed, what if there was a mistake on your report and your score is suffering from it. With many credit cards and app like Credit Karma you should be able to access your score rather easy. Once I did the research and put it to the test I was able to see direct impacts of my score going up.

 

NO DEBT NO PROBLEMS

We all know the saying more money more problems, well its opposite in the credit world. The more money you can have loan to you the better, but the trick is to only use it at a max of 30%. Everyone in life is out to win, and how the credit card companies “win” is they try to give you a 0% intro rate and a 5,000 limit. You then rack it up and by the time the year is over with, they hit you with a 24% apr rate. Ouch!!! The way to improve your score is only use 30% of what has been lend to you. This is called credit utilization. I myself love using my credit cards. I am all about the points and cash back, however I can’t just load my credit cards with bills and pay them off in full every month and expect my score to go up. I can only use 30% of what my card gives me to make my score improve. If you feel like you always spend over 30% ask for a credit limit increase, or until the time being work on self control and use 30% for the next few months and watch your score go up then ask for a credit limit increase.

 

PAY OFF IN FULL

Only put on credit what you have in cash. When you try to out smart the credit companies and charge your cards to get a higher score that can be great, until you have no cash to pay the full balance. When you get tempted and start paying the min, you will lose control and end up in a ball of debt. Make sure to only charge what you can afford. I tend to just put bills, gas and groceries on my card. I may have the credit limit to buy a boat but it doesn’t mean I need too!!

 

MULTIPLE ACCOUNTS

Credit cards help your credit score. When the credit companies see you only have 1 card and you may use it well. That’s great but it also put you in the high risk category as you don’t have enough credit to really asses your worthiness. I would start small and only open another account gradually as this has a small impact on your credit. If you have 650 plus credit and are using 30% of cards and notice your score not moving you can apply for another card. But please use caution this tip has more to do with someone who doesn’t have student loans,car notes, and more than 4 cards. I was one of those, I opened a new account and my score went up 11 points and 25 the month after.

 

ON TIME PAYMENTS

My mothers favorite saying growing up was, if you want to get paid on time you pay other people on time. You must always pay your credit card bill on time, the moment you miss one payment your score can suffer tremendously. If you hit hard times and can’t pay the full balance at least pay the min, its better than being hit with a late fee and interest. On time payments make up a huge factor in your score so don’t let forgetting to make a payment cause your score to suffer 100 points or more.

 

Your credit score is all about how you play the game. If you know the rules then you will be able to succeed and win. However not staying updated and educated on the requirements of your score will make it suffer.

 

 

 

 

When Saving Gets Hard

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Of course you know you need to save and you know the benefits of having an emergency fund but at times it seems impossible. For once I can finally understand this feeling. I told my husband man I remember those days when if I liked something at a store I just bought it. With baby here and living on one income, this whole buy now attitude had to change and it wasn’t an easy one. Yes, even for me Mrs. super saver. See no matter if your a fashionista, or into video games there is always something out there that can grab your eye and your money! Check out my cool funky ways to calm the lion, and save the ducks.

 

SAVE YOUR GOAL IMAGE

Whatever it is your saving for screenshot it. We really want to buy a house, so today I put the image as my background to remind me every-time why I have to save. Small reminders like this make it easy to put the 85% off shoes back! Whether its a car a house or just a set amount find the image and save it everywhere.

 

STAY INFORMED

I am a huge supported of podcast and Netflix documentaries. Try to spend time doing things that don’t cost money and keep you knowledgeable. Since I am a first time home buyer I watch many docs, and listen to podcast on home buying. This keeps me engaged in my goal and educated. I also know eventually my car will retire and I will need a new one, I sometimes watch youtube video on best “SUVS IN THE MARKET” and why.

 

MAKE IT FUN

While money can be boring to most people find a way to spice it up. Challenge your love ones or your friend. See who can save the most, talk about dreams of you in your goal. Keep it fun, and fresh!

 

NAME IT AND CLAIM IT

For or down payment we decided to open a separate account away from normal savings. We named it houseaccount. So anytime we move money over it states transfer to house account. Not only does it help keep track at where we are, I am more motivated to add money to that bank!

 

Enjoy this time, because months/years from now you will be laughing at how you ate rice and beans for dinner, or how you drove a clunker car for years just to buy a new car in cash. Sometimes we spend to much time looking at others peoples life, items and ads too realize the beauty in what we already have!!

 

Why Passive Income Matters

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So your killing it in the side hustle expertise and now, you hear about this new thing called “passive income”. So, passive income is money you receive for not actually being involved, examples would be like rental property or dividends from stocks, we will dive into more ways to dig into passive income later. Lets focus on the fact that you are working on your side job and your making profit, paying off debt and feeling good. But why not keep pushing that envelope. You can usually pull from your side hustle a way to bring in passive income. So I am a graphic designer and my main business maybe freelance work, but I can also set up a etsy print shop and sell printable. This allows people to shop my work, and print the art from their home. I wake up every morning to money in the account without having to lift a finger.

 

 

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IMPORTANCE

The reason I push for entrepreneurs to have a stream of passive income is because you only have so many hours in a day.  Even if you work all 24 hours, that is your cap. You can raise your hourly rate but at some point you will hit a wall and want to bring in more money. Passive allows you to still remain focus on your other jobs but can bring in money with little to no work once you set it up.

 

 

 

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SICK/EMERGENCY

As I write this post its -6 degrees and it seems like everyone is coming down with the flu. If I was a photographer I probably wouldnt have to many gigs with the weather being cold, or I maybe sick and cannot perform a job. The passive income will come no matter if your sick or if an emergency comes up. However if your a healthy human and you usually stay away from being sick. What about your child, or your family member? If they need you right away there is no PTO days in the freelance world. But in passive income there is always a paycheck!

 

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STREAMS

You have heard it from every business book in the world. Make sure to have 7 streams of income, although I haven’t quite got to 7, having multiple amounts is definitely a benefit. America is a fast growing capitalist world, some trends come and go and others last forever. While your podcast might be killing it your blog may dwindle but that’s okay, streams change. As long as there is a stream your doing great.

 

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INTERNET

Living in the internet boom, we can all contribute something. There is blogging, youtube, advertising, affiliate sponsoring, printable, the list is endless. And while you may think you don’t have a talent that can consist of passive income think again. That might be your fresh idea. Sit down and think of ways you can increase your wealth and create some passive money for your bank account.

 

If anything hopefully this post gets you thinking more about passive income. Sometime starting small ideas lead to bread-winning ideas. I started selling t-shirts, then decided on selling a few prints. Months later the prints where out selling my t shirts. Small ideas are great starting points, get to thinking and put your thoughts to actions.

How To Save Money By Shopping At TJMAX

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So you may think of this store for clothes, a few home decor and baby items. But tjmax doesn’t stop their they have everything and they have it for the right price. I live in walking distance to a tjx and I have notice a few items to be intensely cheaper than your average walmart/target price. I also notice that you can find items like, toothpaste, deodearant, body wash, laundry detergent, and dish-washing soap. I mean the list is endless and plus all the items are name brand or eco friendly.

WHAT THIS MEANS FOR YOU

If you don’t like the idea of buying off brand at stores I would opt to shop at discount store like tjx, ross, marshalls for items like I listed. This way you can keep your favorite brands in your home but pay half the price.

HOW TJ-MAX GETS ITS ITEMS

So, you might be wondering how can a store have items like these at prices this low. Well what happens is, dove may make 1,000 spray deodorants, but only sell 500. Tjmax will then swoop in and ask to buy all there un-sold items at a discounted rate. Then take the item and sell it at its store for a profit.

Candle Selection

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I use too always buy candles from bath and body works, however I got tired of constantly waiting on the 2 for $22 sale, or stocking up when items were cheaper. My husband surprised me with a candle from tjx and I never looked back. You can get a 3 wick candle soy that burns forever for $7.99. With no need of coupons or watching your email for deals this makes the better buy.

BABY PRODUCTS

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If you have a child please buy all your products here, they are so cheap. I have bought my sons detergent here, his dish soap for his bottle cleanings, I have even bought diapers. Most of the time honest will discontinue a design or a product size and sell it tjmax. We have the laundry detergent that is 128 oz it has lasted his first year and no one sell that size anymore. So if you see a product you like for the right price I would stock up. They may not have the same item next week.

SKIP THE CLOTHES

Just like target try to go in for only the items you need. I love this store so I can easily lose it. I try to only shop the home and body section and leave the clothing alone. With my son I may check out his section but they have toys and bibs and small items that I can normally keep myself from spending extra money.

CONCLUSION

I really think if you have a Tj-Max, Marshalls, or Ross near you, try checking it out. It might not work for you but it also might save you a lot of money depending on the products you buy and what your store may carry!

This post is not sponsored or endorsed by tjmax, these are my opinions.

Quality Over Quantity

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For the first time I will actually tell you to splurge on the good stuff. But hear me out first before you close the browser and ball out on items. If you haven’t tried minimalism then I think its something worth looking into. Me and my husband tried it and while it didn’t last to long it did clear out alot of space in our closet and made us opt to buy quality clothing.

 

WHEN TO SPLURGE?

So, can you go out and just ball out at Nordstrom and throw away all your old clothes. No, but moving forward look into what you spend most of your money on replacing. Are you constantly buying new jeans because yours are fading, or tops because they always tear in the washer? When you identify the issue you can start to build a wardrobe with less items but better quality.

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FAST FASHION

Fast fashion is clothing that is quickly made from the catwalk to consumer, it doesn’t last long the trends tend to fade quickly and clothing usually ends up in landmines. Think of stores like, Forever21, H&M, Old Navy. These retailers make items that will get you maybe through one season but end up in a bag of trash or at goodwill. Fast fashion also tends to create a world of child slavery, poor wages for the workers, and terrible working conditions. Now I get that we cant control what companies do but with enough knowledge we can make an informed decision when we are at the mall. Most people will tell me they can only afford forever21 clothes. But when you truly add up the cost of replacing shirts, jeans, pants every year you will be able to see the real cost of those items. I have worked in retail and lets be honest you can tell when a shirt is a well made shirt. You don’t need a degree in fashion to know great quality made items.

 

FURNITURE/ELECTRONICS

I am pretty sure you have heard, “you get what you pay for”. Well that saying goes toward everything from insurance down to batteries. Do you research and see does the off brand electronic save you money in the long run, will the dell computer out last the more expensive apple product? When I was in college I bought an imac for $1200 pretty pricey, however its been 6 years and I have never had a virus or even needed to take it in to get fixed. When it comes to bigger items, spend time finding what is best for you and what will last.

 

USAGE

The experts state we only use 20% of our closet and the rest just sits. So why do we need so many clothes when we are going to always choose the same outfits over and over again? In past generations quality was more important but with fast fashion companies like H&M, and Forever 21 we fall to quickly for the cheap price and stuff our closet with crap. Next time you go out shopping ask yourself can you wear this year over year, and do I have something like this in my closet?

 

KID CLOTHING

I love shopping, its a hobby of mine and now that I have a baby boy I love buying him new clothes. Now for my son it makes sense for him to have fast fashion he will go through it in months. However I try not to have so many clothes for him since he is so little (I am also blessed to have a family that usually buys all his clothing). I would rather spend the money on his shoes, but I only buy 1 or 2 pairs. I notice the cheap pair fall off, and scuff easily and its not worth the headache. My son has 1 pair of jeans and 1 pair of khakis, the rest of his closet is full of comfy clothes for him to run and play in.

 

PRICE TAG SHOCK

If you step out of your comfort zone and try the quality over quantity, you will likely have culture shock walking into a Nordstrom, or Ann taylor over your normal stores. However start small and buy just a few pieces at a time. After I started working at Ann taylor I notice how much longer my clothes lasted and stopped shopping cheap. I still have my jeans from 4 years ago, no fade no rip nothing. Plus at the higher end store if something does go wrong with your clothes they usually are more than happy to fix the problem. Take your time, clean out your closet and make purposeful decision when shopping.

Great infographic for reference (image source) 

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Investing Basics 101

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Am a huge stock owner, do I know everything about the stock market, can I make you millions with $10? No, but I am just like you working a normal job(well sorta I’m a SAHM) making average pay and had no idea about the stock market. That’s the reason I believe I can not only help you understand it but, can get you excited to start investing. First lets dive into simple terminology that is used on wall street.

Terms

Stock is a representation of a piece of ownership one has in a company. Stock is what you buy on the market to have this ownership. Think of stock like an orange, you go to the market and you buy the fruit, once you make the purchase you own the orange.

Portfolio: A collection of investments owned by an investor. You can have as little as one stock in a portfolio to an infinite amount of stocks. When you start buying stock you then have a “portfolio”.

Broker: A person who buys or sells an investment for you in exchange for a fee (a commission). I will later on show you ways to buy stock without paying fees to a broker.

Initial Public Offering (IPO): The first sale or offering of a stock by a company to the public, rather than  just being owned by private or inside investors. Whenever facebook decided to go public it was called an IPO, the “new kid on the block”

Rally: A rapid increase in the general price level of the market or of the price of a stock. Sometime certain events can cause the stock market to go up fast in a short time this is when a “rally” happens.

Sector: A group of stocks that are in the same business. An example would be the “Technology” sector including companies like Apple and Microsoft. A fancier way of saying category. Like retail is a “sector” that most investor are staying away from due to low sales.

Best graph for reference (image source)

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Now this may seem like a lot of information at one time, but this is just the basics and you learn most of the definitions when you actually dive into investing. Now I have been investing for 2 years now, and I haven’t invested alot of money. However, I have gain a great return and I plan to increase every year. There are 2 ways I to go about investing, you can either spend the time and look deep into a stock you want to own. Or you can let someone create a portfolio of stocks they believe will earn you a great return. Well I tried both, and got different outcomes.

 

Acorns

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This app is AMAZING! I love it and always rave about it. It takes my spare cash rounds it up and deposits it into my portfolio. Where they have hand picked stocks and bonds for me. I don’t spend time looking for stock to own or what bonds to buy. This apps way of investing, is good for someone who wants to put there money on auto pilot. You will earn a return depending on the stock market and not have to worry about doing the heavy lifting. However, you don’t get to control what you own. So if you hate apple and would rather amazon or another stock you will not be able to change where your money goes. For those who like a certain company and want to pick where there investment goes I would recommend my next tip.

 

Robinhood

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I’ve had this app for about 6 months. I own 5 stocks ranging in different sectors. I study which stocks to own, at what price to buy, and how long I should hold them. This way of investing takes more time, but if you are good at it you can make alot of money. It doesn’t take a warren buffet to know whats going to hit. My husband who doesn’t have a passion for investing picked a few stocks and some months they are outperforming the stocks I spent hours on studying. This app is easy to navigate, I was able to get my mom into it and she loves it.

I plan to keep both app, and increase the amount I invest in each year. My main focus is paying down debt but the interest rate on my car loan is 4%, while the money I have invest has yielded me over 11%. Just remember to keep a balance and take it slow. Don’t put all your eggs in 1 basket.

I handpicked, Target, Fitbit, Square, Phillips 66, Teladoc. Want to start investing use my link below to get $5 started in your acorns account.

https://acorns.com/invite/YCGCCH

What “NOT” to do with your refund check

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So here I am thinking of many ways to tell people to maxamize there refund check, and it hit me let me first cover what not to do with your extra money. Now I had to do some research and what does the common person do with there money and how much does the average american save. Now there is no black and white anwser, however I have asked a few people, seen many post on my fb timeline, and have a good estimation where this money goes. Lets dig into where you shouldn’t spend that extra cash.

 

CAR

So, funny story I went to a rather diverse school when it came to income amounts. While my friends were not rich I always knew when there mama got there refund check. Either my friend or my friends mom would be rolling in a new vehicle. Now is buying a new car wrong. No, but if you didn’t have a need for new wheels then why are you wasting money on it. Was 2017 so dreadful that getting a new car in 2018 will change things. Okay I drive a 2005 Nissian sentra 188k miles one of my rims is missing I have a massive crack in the window My engine light is on as much as my heat is. Now does it still drive yes, so as for 2018 I will still be pushing my rough looking baby around! I understand that you may crave a new whip or see a great deal on a new car. However saving money should be priority number 1. Wouldn’t it be nice if you could go without a car note? I still drive my car because It allows my family to live on 1 income and sets us up financially better for the future. We could not be a family of 3 living on 1 income with 2 car payments. So keep rolling what you got and move that money to the bank!

 

RENT

I have heard the theory of paying up a few months on rent. Now if you have 0 self control and you could see yourself buying gucci bags rather than paying your rent. Then go ahead but if not and you have better self control (I pray you have self control). Don’t pay up on something that isn’t debt. Paying next months rent does nothing when you already have the money. Now if this was a mortgage then yes, a car note yes. But a lease NO! Try to save the money and in the future if you cant make rent you will have it saved. This is a poor mindset, you are in the state of thinking of today. I have money today so I need to spend what I have. I read lots of articles on how the poor think differently from the rich. Living for today and spending all you have for the moment you receive it, is number 1 mentality of the poor.

 

VACATION

Don’t we all need a vaca. I know I am up for one at any moment. However if my goal is to get out of debt or buy a house right now isn’t the time for one. Wait to you achieve your goals before you spend time “celebrating”. Before I had my son me and my husband wanted to travel but we knew I would be on leave for 3 months and not receiving a full check. We ended up staying at the house, thank goodness because I quit my job a week before giving birth.

 

NO PLANS

If you know that you are receiving a tax refund and you have 0 idea on where your going to spend it then you got a problem. No plan usually ends in a disator. Try to look at your finances and see where the money would go best. If its savings or debt. Opt to have at least 1,000 saved before you start paying down debt. This is just a safety net just in case things go bad. I try to tell people to have 3-6 months of living expenses saved. If you don’t have an emergency fund or 3-6 months saved, put your refund to either one of the causes.

 

RESEARCH SAYS:

After spending time looking into what people actually do I am suprised. However they said it depends on the economy. Just remember your refund check is money you already put in the system unless you have kids or are receiving the Income tax credit. Make a plan and execute! When me and my husband got married we worked ALOT! I had 2 jobs and so did he. Our first year we received a small amount mostly due to the fact he was still in school working fast food. We took the money and threw half in savings the rest went to his student loans. But once we started working full time jobs with higher pay, that next tax season we owed the IRS. This is a testament to how life works sometimes your up and sometimes your down. But if your savings always stays afloat you can maneuver through life no matter the valley! So take that extra check and let it work for you, save it or get out of debt!

5 Reasons to have a side job

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So here I am sitting at my job in an empty office. Everyone has went to lunch while I’m eating my salad and sandwich. While many people would be sad that they were not invited to the work lunch. Not me, I use that time to conjure up ideas for my side hustle so one day (hopefully soon) I can throw that peace sign in the air, and get the heck up out of here (I don’t hate my job I just know what my dream job would be and this isn’t it). My side grind is a simple release for me, its something I can work on and truly believe in and use my talents for. If you have a 9-5 that allows you to feel this way, GREAT. If not, create a job that does. Here are not only my reasons why, but the emphasis of numerous streams of income.

MORE MEANING

Ever feel like you are just letting life pass you by and your not letting your true talents out! Having a side hustle gives your day a since of meaning. Everyday you take a breathe always remember it is not promised to you. I just found out about a close friend who just lost her friend and she was the same age as me. It got me thinking if I was to go today, would I have fulfilled everyday with meaning and passion? You may not be at your dream job or your dream house. But are you striving for those things? If God was to take me today I want to be remember as someone who didn’t wait for the right age for things, who didn’t care about the status quo. I want to be commemorated as someone who knew what she wanted everyday, someone who lived each day as her last. When you have a side hustle you wake up with more than just a list of things to do, but you wake up with a sense of grit and love for the day.

GROW YOUR TALENTS

1 Peter 4:10-11  Each of you has received a gift to use to serve others. Be good servants of God’s various gifts of grace. God does not just give us love and grace, he gives us specific talent. Have you ever given someone a present and you found out later down the road they never even open the gift or used it, you would be really upset. How do you think God feels when he has carefully constructed us with great talents and gifts and we never even attempted to open them. When you have a side job you will grow and use the talent God has given you, this will not only make him happy it will help you build that strength. By me blogging and creating me own print shop, it has allowed me to grow my design skills and creativity while also improving on my writing with each post. With that being said, it is known for us to start a side hustle and we look at other people on social media and become jealous of their given talent from God. Always questioning why God didn’t give you that talent, or why your not as talented as someone else. Romans 12:6-8 states, In his grace, God has given us different gifts for doing certain things well. Never let the devil get you confuse and try to march fear and envy in your heart. Focus on your talent and congratulate others.

 

LEAVE A LEGACY

Proverbs 13:22 A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous. Now that I am about to give birth to a little boy I want to make sure I pass down some wealth. I am a firm believer in staying out of debt, and passing on wealth than a burden. I want me and husband to be the first to break the cycle of poverty and to leave something for our kids so they can start off better than us and so on and so forth. With my side hustle it allows me to build something that either brings in extra money, or allows me to grow this small business into something big that I can actually hand down to him. Even the idea of my son watching me grow and run my business is beneficial. He will be able to see an entrepreneur working on her craft for her family and herself. I grew up watching my mom have a 9-5 as well as her own videography business, hmmm odd I wanted to grow up having my own business just like her!

 

EXTRA INCOME FOR YOUR FAMILY

Not to brag but I know my husband loves when he sees my designs, or Etsy checks hit the checking account. Is it a lot of money NOPE! But is it amazing to have, YES! I just got a business account so that I don’t mix business money with our main checking and when I notice we are a little short or sometime I use the extra money to add to our sons portfolio, or pay some money on the student loan. This is a joy because it allows a sense of freedom. As well, if I am able to keep growing my business I can eventually no longer depend on my 9-5 and be at home with my baby and still bring in money so we can keep our goals on track. Most financials gurus say to have 7 streams of income, depending on what you can handle start out with getting 1 side hustle and believe me it will turn into many more streams. I started with blogging, then freelance design, then t shirt sales, Ebay, print shop, stocks. All in 1 year and while pregnant, YOU GOT THIS!

 

KEEP YOUR MIND ON WHAT MATTERS

Having a business or side hustle, you are more interested in growing your bottom line or providing better products for your clients. This will take your focus off the Nordstrom anniversary sale or those new boots on sale. I love shopping but I am more excited to buy things for my business so I end up not focusing on items that cannot grow wealth for my family. One day, yes when my business has blown up I will be able to buy those $400 boots but for now I must spend $200 on a printer that will bring in some income rather than some boots that will just look good on me. A side hustle will allow you to see whats really important and how to really manage your finances.

These are just a few of many reasons to have a side job. Open your life now to new possibilities and levels. Push your mind to learn new skills and mess up sometime. I will be writing a post on the many mistakes I made the first year in starting my print shop, because you will make mistakes. But don’t let that cease you from using Gods gifts to not only help your family but to inspire others to do the same.