April was a good month. I received three paychecks, and had a great month for side hustle income (see below). We didn’t have any significant, unusual expenses, which really helped.
May 1 Debt Summary
Here’s what our (non-mortgage) debt looks like now:
Home equity loan: $56,503.02 (down $500.08)
School loan #1 (mine): $2,578,25 (down $93.65)
School loan #2 (my husband’s): $54,144.67 (down $247.66)
Car loan: $1,907.34 (down $398.14) (I think this reflects two monthly payments, not one.)
One of my goals for 2016 is to pay off the car loan, which actually comes due in March of 2017. We currently pay the minimum monthly payment of $181.45 on it. While I’ll be happy to have this paid off at any point during 2016, the earlier we can start applying that $181 to something else, the better! I finally made an extra payment on this loan!! It was only $50, but that’s something, and it felt great.
April Side Hustle Income
I set a side hustle goal of $350 for April, and I earned even more than that, mainly thanks to a very successful children’s consignment sale. I also did very well with eBay sales in April, but I haven’t completely calculated my profit, yet. My Amazon store and small business are still puttering along, and I plan to post most of that inventory on eBay this month. I also was interviewed for a focus group, for which I received a $50 Amazon gift card. That was through UserTesting, and I hope to qualify for more of these studies in the future. Here’s what I earned in April:
Children’s consignment sale: $429.45
Focus group interview: $50 Amazon gift card
Amazon store: $26.37
Ebay: $678.71 (This is my sales total, not my profit. I’m still calculating my profit.)
Ibotta rebate: $20 (Not an Ibotta user, yet? Sign up with my referral code (rbkhnjf), and you’ll get $10 credited to your account!)
Small business: $37.50
May Side Hustle Goal
My side-hustle goal for May is $400. While I don’t have a big children’s consignment sale to rely on this month, my eBay store is up and running, and if the current trend continues, I’ll sell between five and seven items per week. These are not big-dollar items, but every few dollars of profit helps.
As is the case every year, I finished with work this first week of May. (I work part-time in the career center of a local college. I work exclusively with students, helping them plan their internship and jobsearches, reviewing their documents, and helping them prepare for interviews. When the student traffic slows or stops in the office, I go on hiatus. It’s not ideal for cash-flow, but I have tremendous flexibility with this job, which is invaluable for the parent of a young child.) I’ll receive my two final paychecks this month, and will not receive another one until the fall. My husband is by-far our primary earner, but any additional income I bring in is a big help. (I want to keep up with the extra payments on the car loan!!!) Without a paycheck coming in for the next few months, I want to replace as much of my “regular” income with side hustle income.
How did April look for you??
**This post contains affiliate links. These affiliate links help support this site, and cost you nothing. Thank you for supporting my blog!**
by Amazon Auto Links