Hey everyone! Happy Monday. I’m still dreaming of my trip to St. Thomas and wish we were both still there!
Last week I was super sick. Not sure what happened but I was pretty much just crying in pain for 5 days straight. Of course it was a perfect weekend with awesome weather and I had to miss most of that because I didn’t start to feel better until Sunday afternoon! Oh well, just glad that I’m feeling better.
Yesterday was W’s mom’s birthday and we had a BBQ and it was a lot of fun. And tomorrow is my birthday 🙂
We would love to buy a house in his parents’ historic neighborhood, but they never go for sale. The house to the left went up for sale the other day and we have been seriously thinking about it. We drove by and took this picture and can’t stop looking at it. It’s over 100 years old but completely renovated on the inside and looks very nice. Oh if only we were ready to buy right now… Our current house is still awesome and we don’t feel like going through the process of selling it right now.
I announced the winner to my Novica giveaway but never heard from her. I announced a new winner and already sent her the certificate code. Congrats to Cat at Budget Blonde!
Student Loan Update
I know, I know, around a month ago, I said that my student loans would be done in either April or May. Then recently I said May for sure. Well, it looks like the official date will be June. We have the money saved, but it would drain our emergency fund, so we have decided not to. We don’t want to touch any retirement accounts or drain our EF.
Why will we not reach the May goal? Well, we came across some good investment opportunities and dived into that. W has been wanting to start a side hustle for quite some time, but I’ve always said no and that we need to SAVE SAVE SAVE. Well, that’s not very fair of me, so the other day he took some cash and started a side hustle with his dad in an area where they have expertise. I think it’ll work out great! The return is higher than what my interest rates on my student loans are, so I figured it was still a good value.
Have you slowed any debt repayment to take advantage of something like this? A good investment, a new house purchase, etc.? Tell me all about it!
Spending
We did some spending last week. I spent around $100 on clothes (hey, I need some summer clothes!) and W spent around $150 because he needed new work slacks. He must be growing because his pants have all become high-waters. So yes, we spent around $250 on clothes. Other than that, I don’t believe we spent any money.
Extra Income (does not include income from our main jobs)
Extra income was a little low last week (but I’m not complaining!) mainly because I was playing catch up after my vacation and I was sick for 5 days last week. UGH that’s what sickness does to you! Still though, $805 (not including my office job) is still a good week. I have a lot of playing catch up this week since I didn’t get much done last week. I’m expecting a couple of payments this week also which will make up for it.
Affiliate income is still doing great but I’m thinking about getting into more areas so that I can ramp this up. I have been thinking about my extra income a lot lately and where I want to take it. I would like to keep diversifying so that I can rely on my side hustle income more and maybe even dive into self-employment entirely. Any tips?
Being healthy
I have not been doing the best with this in the past week. I was very sick last week, and could hardly eat anything. I definitely plan on changing that this week! Also, I didn’t work out at all since I was sick. Even just sitting down felt like I was killing myself!
Have you been doing well with your extra income, spending and being healthy?
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What is your side hustle income from? I really need to get my side income up to pay off these debts! I mystery shop but it makes nowhere near what you are getting. Is that all blog income from ads and freelance writing?
My side hustle income is from my blog (ads and affiliate income), staff writing, consulting and a couple of other things 🙂
Check out this page on my blog if you haven't yet https://fund-rise.live/extra-income%3C/a%3E
Hi Michelle ~ Being a little off on meeting your financial goals isn't as important as HAVING financial goals. Cheers to you in advance for being so close to torching your student debt! As for the house, my motherly advice would be to wait until you had enough for a sufficient down payment to avoid having to pay MI; however, that's not what I did when I purchased my home. I bought my small single-family home 20 years ago when the market was down. I've lived in it all this time and paid it off in 15 years. I had debt, stretched my finances to the limit and worried that I might lose my job and then lose the house. While that didn't happen, it could have. We live in a very different time now so being careful and not putting yourself in a high-risk position is important.
Hi Ree! Thanks for stopping by my blog today 🙂
Thanks for the advice. We definitely plan on waiting. We aren't really in a rush since we already have a house (and a mortgage!) and don't feel like going through the process of selling it right now.
Thanks!
Looks like a gorgeous home! Early congrats on kicking your student loans to the curb 🙂 Also, happy early birthday!
Thanks!
Wow, $805 is killer income. You should be feeling great about that!
Thanks! 🙂
Gorgeous House! Although, I would have made the same decision. We live in a perma-fixer-upper that was built in the mid 1800's. It's not a house you would dream of, but if the Mr. or I would lose our job, we could still afford the payments. That's important to us. With every choice, there is a trade-off.
Oh, and happy almost birthday! I used to just celebrate my birthday on that day, but it's turned into more of a birthday week! 🙂
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Thanks!
I'm glad you are feeling better!! This house sounds great, maybe you need to weigh your options 🙂
Haha yes we will have to think about it.
Thanks Jake!
I LOVE this house also 🙂
Haha thanks! Glad you are feeling better also.
Sure, we've put off buying a house so I could go back to school that way we weren't forced to worry about a mortgage and me finding a job. I can probably think of many things but at the end of it all, there was a plan. Even if we don't pay something off by a goal date as long as there is a plan in place and an understanding as to why we came to that decision we are happy with that. We are the only judges of our finances, no one else. Glad you are better mate.
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Thanks 🙂
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$805 seems pretty great considering you have been sick all week. Hope you feel better 🙂 I think the amount you spent on clothing isn't very much, it's justifiable. You have to treat yourself every once in awhile!
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Thanks Alexa!
My recent post Pursuing What I Love or What Brings in the (Stable) Money
Boo sickness!! I hope that you are feeling a lot better this week. That's one of the scary parts about being self-employed, often the dollars are 100% tied to your own health.
Thanks so much for the link 🙂
We've put off things before, like we reduced our mortgage overpayments so that we could pay cash for our share of the wedding costs. We recently delayed paying the mortgage off by two or three months so that we could take advantage of a really low stock price on something we wanted to buy.
Glad I'm not alone when it comes to taking up investment offers! 🙂
My recent post Pursuing What I Love or What Brings in the (Stable) Money
In that case I would definitely just pay it off, I agree.
My recent post Pursuing What I Love or What Brings in the (Stable) Money