September 2017 – Monthly Income Report

finance

month august 1024x683 - September 2017 - Monthly Income Report

Income £101.56 – Expenses £33.48 = Profit £60.48

Adsense

I have just started to place adsense ads onto this site and will be doing so soon on other sites. So far I have received no income from this. Still not getting traffic to my sites

Affiliates

I have yet to started working on my affliate marketing still.

Match betting

I haven’t picked this up again yet.

Surveys

Opinion Outpost = £10.50
Prolific = £20.19

Not as much as last month but it’s not bad.

Amazon

Sold nothing this month.

Other

CEX = £19.40
Magpie = £51.47
Ziffit = £0

Expenses

Article writing = £25.70
Blog hosting = £7.78

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Finance | Building a strategy to pay down debt

finance

fitness finance life - Finance | Building a strategy to pay down debt

Create a Budget

The first strategy to pay off debt fast is to create a budget.  A budget tells you where your money NEEDS to go, you need to list all your income & outgoings for the month and make it balance.

Your budget should take into account the following information:

  • Your income
  • Fixed Expenses
  • Discretionary Expenses
  • Saving
  • Debts

Lower Your Expenses

While you are in debt it is best to throw as much at it as possible. To do this think about what you really NEED and not what you WANT. Do you need an expensive TV package, a gym membership or charity donations. Can you reduce your insurance or car expenses?

You budget will show you were you are spending your money and the areas you can cut back on.

Increase Your Income

Increasing your income is a good way to repay your debt. You can ask for extra hours at your job, take on a second job if it will be possible, sell your things, take online surveys, take on a bank job or anything else your skills will allow.

I do online surveys as well as work on the bank at the local hospital.

Pay More than the Minimum Payment

Always make sure that you are paying at least the minimum on all your debts. Doing this will avoid late fees, defaults and can improve your credit history.

Paying more each month will reduce the amount you pay in interest in the long run.

Debt Snowball or Avalanche Method

Once you have worked out a budget and figured out you can pay more than the minimum to your debts you can start on paying it down.

According to Dave Ramsey the debt snowball method is:

The debt snowball method is a debt reduction strategy where you pay off debts in order of smallest to largest, gaining momentum as each balance is paid off. When the smallest debt is paid in full, you roll the money you were paying on that debt into the next smallest balance.

It looks something like this:

Step 1: List your debts from smallest to largest.
Step 2: Make minimum payments on all your debts except the smallest.
Step 3: Pay as much as possible on your smallest debt.
Step 4: Repeat until each debt is paid in full.

The avalanche method is classed as the following:

A method of repaying debts in which a debtor allots enough money to make the minimum payment on each debt, then devotes any remaining  debt-repayment funds to repaying the debt with the highest interest rate. Using the debt avalanche method, once the debt with the highest interest rate is completely paid off, the extra repayment funds go toward the next highest interest-bearing debt. This process continues until all the debts are paid off.

Each method will have you paying off your debt in the same amount of time but with the avalanche method you will be paying less overall.

I personally am using the second method.

Stop Using Credit Cards

To be able to truly clear your debt you need stop spending on your cards, if you don’t have the money for something then you can’t have it.

Cut your cards up, hid them in a draw, place them in ice in the freezer. Do anything to make sure they aren’t in easy reach. Once you’ve paid of a card cancel it. This in turn will improve your credit history.

Balance Transfer

If you are lucky enough to have a good credit history (I am not) then you could try to open a card with a 0% APR and transfer some or all your debt to it.  Once you have done this make a plan to pay it off before the 0% runs out. You will need to look at the transfer fee and whether you will get a decent credit limit as well as how long the offer is for.

Change your Lifestyle

This strategy is a round up of everything already mentioned.

  • Spend less than you earn
  • Differentiate your wants from your needs
  • Don’t try to keep up with others lifestyle
  • Set long term goals

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How to pick the right gym

finance

How to pick the right gym for you - How to pick the right gym

Have you ever joined a gym only to go a few times. Have you ever joined without really checking the gym out. If so you are not alone, many people including myself have done the same.

Below are tips to check out before you join another gym

Location

When are you likely to workout? If it’s before or after work try looking for a gym in that area. If it’s in the evenings/weekends/days off then one more local to home would be ideal.  For me I want to be able to walk there & back and not have the trouble of transport and additional costs.

Equipment

What type of workout are you looking to do. Do you need cardio equipment (treadmill, bike, cross trainer) or is it barbells and power racks. There is no point joining a gym that doesn’t have what you need.

Facilities

Do you need big modern changing rooms, steam room, pool etc or do you just need somewhere to freshen up afterwards. For me I don’t need all the ‘extras’, I rarely change after a workout before going home.

Cost

Do you have a tight budget to stick to. If you’re like me then the cheaper the better. I’ve tried many different priced gyms and have found that they all differ. I have found that the health club type gyms can be good, but they are pricey,  busy and just didn’t offer all the equipment I need.

Classes

Are you looking to join in classes or are you like me who just thinks she will but never does. Try to find a place that includes classes in the membership price as they can add up quickly if extra.

Opening times

The best thing to do is work out a weekly schedule. Find out what spare time you have, it is best to stick to the same time each week to get into a routine. Some gyms are open 24hrs others from 8am-10pm. I’ve always liked working out before 6am as the gym is pretty empty then and I can do what I like 😉 Ask the gym what their busy hrs are and try to stay away from them.

Environment

Do you want a ladies only gym, a boxing gym, crossfit gym, body building gym or an all around-er?  The ‘ladies’ gym near me is a circuit gym so is a no no, crossfit is too expensive and boxing gyms are just not for me. I look for somewhere that has cardio equipment as well as a great free weights section. It doesn’t matter to me who trains there. The general ‘mans’ zone (free weights) isn’t really that anymore and you will find many ladies in there training. Plus everyone just gets on with their workout and doesn’t care about you.

To find the perfect gym, don’t be afraid to ask questions, use a free pass and see it first hand before handing over your money.

Comment below which your experiences of finding a gym

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5 of the best free survey sites to make extra money

finance

Over the past through years I have gone back & forth with survey sites. While they can be a good source of extra income, I was just too lazy to pursue them after many times being kicked off a survey for not meeting their requirements.

I have since seen the need for them and tested out the best ones to use. Each month I can make a few £100, by just sitting at my laptop  while watching TV.

I would suggest signing up for as many as you can. Some pay out less than £1 per survey while others pay £3+ per survey. Sometimes it in cash while other times in vouchers.

 

prolific cloud logo - 5 of the best free survey sites to make extra money

Prolific are one of the best survey sights to join, with great payout. It is very easy to get to the £20 payout within a week or two. I suggest getting payment through Circle and not paypal as there are no fees to pay.

resources 2 - 5 of the best free survey sites to make extra money

Opinion Outpost pays out after every 50 points (£2.50) to Paypal or Amazon and 200+ points for web vouchers.

screen shot 2015 05 08 at 14.20.27 1 - 5 of the best free survey sites to make extra moneyYougov uses credits. Payout is 4900 credits (£50) and paid out as cash.

Screen Shot 2017 02 18 at 8.13.24 PM - 5 of the best free survey sites to make extra money

You earn points by taking surveys with GlobalTestMarket. These points can be used towards cash (paypal), gift cards and e-gift cards. 575 points is needs for a £5 payout.

ClixSense Logo - 5 of the best free survey sites to make extra money

Clixsense have surveys, tasks and offers. Payout if from $10 through a variety of methods of giftcards, none being paypal or circle. People in the UK would need to use Skrill with an online wallet or a pre-paid card. Though there is a fee of 1%


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August 2017 – Monthly Income Report

finance


month august 1024x683 - August 2017 - Monthly Income Report

Income £77.96 – Expenses 0 = Profit £77.96

Adsense

I have just started to place adsense ads onto this site and will be doing so soon on other sites. So far I have received no income from this

Affiliates

I have yet to started working on my affliate marketing

Match betting

I have started to go through the tutorial with oddsmonkey. I need to build up a fund for this before I can dive into this form of income as you need to have so much ‘spare’ money to place your ‘lay’ bets. Once I have a few £100 I will pick this up.

Surveys

I’ve never really been into surveys. I’d get fed up of being screened out all the time. I have finally found two sites that I feel are worth while doing. I will never make loads doing surveys.

Opinion Outpost = £5
Prolific = £64.42

Amazon

I sold 2 uni books £8.54.

Other

I also sold loads of DVDs and CDs to Music Magpie and Ziffit. This money isn’t included as it is towards the household.


I am not looking to make £1000s per month, even though that would be nice. I just want to make a few £100 per month, pay of debt an.d help me through uni.

Traffic

Site 1 = 0

Site 2 = 0

My sites each have zero traffic, so at this point I’m talking to myself … hello me! I will be trying to improve on this in the coming months. I need to post regularly and have decent content.

[disclosure]

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Why I changed my hours

finance


hours - Why I changed my hours

What were my hours and what are they now

I work long hours but few days. Each shift is generally 12.5hrs long over a day or a night, there are also 6 hour half day shifts but not many people do these. I was (or am till 11th September) working 13 shifts a month, so each month I would have 3 weeks of 3 shifts and 1 week of 4 shifts. Sounds great but I never felt I really had much time off, especially going for day to night or night to day.

From 11th September I have cut my shifts down to 2 a week so only 8 a month. I will be working nights or weekends so that I can maximise my unsocial hours and get the best income that I can.

So why have I done this

Basically so I can get my life back, so I can get more flexibility. I am able to request 6 of the 8 shifts and have asked for my last 2 to either be any night or Saturday day (already requested Sunday days for those weeks). I know that I am not able to survive on this income but I now that this is the right way to go. It will also set me up for when I start uni in Feb 2018 as I plan to either say on 2 days a week or drop to 1 day a week so that I have a quarantined income.

What about my debts

With these changes I still have to find around £400 a month. This isn’t impossible but it isn’t easy, I will still be doing 13 shifts a month maybe even 16 but it will be when I want and what I want.

I could have just stayed with my main job full time but I am changing the way to manage my bank account and debts. Doing this way is much better for my mind.

My main wage will be going into my main bank account and will cover household bills as well as a little savings. My bank wage will be going into a secondary bank account to cover all debts. I am currently only paying the minimums on each but aim to pay more off one till it’s gone then move onto another. My main aim is to pay off my credit cards before I go to uni, so in 5 months time. I currently have £1500 on credit cards.

Do you think I’m mad

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