Shoeaholic No More

Monday

12

September 2016

21

COMMENTS

Online Income: $8,240 in August 2016

Written by , Posted in Business

Wow! I never knew you could earn so much money online. I can't wait to try out these awesome strategies!After a lower month of income last month, it’s great to see that August was my highest earning month ever!

My hard work in July finally paid off in August’s income.

If that sounds confusing to you, the reason why is because I’m basically paid in arrears for much of my work. I do get some pre-payment for services, but many of them are paid at the end of each month after work has been performed.

This means that if the income was received after July 31, even though it was for July work, the income was counted in August.

The reason I do my accounting this way is because you never know what can happen. A client may pay you very late or not at all, and you don’t want to have already accounted for that income if you don’t end up receiving it.

This is just another reason why solopreneurs have to hustle and why an emergency fund or buffer of some sort is 100% necessary when you run your own business.

Here’s a deeper look into how I made money, and spent money, with my business last month.

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Friday

9

September 2016

15

COMMENTS

Sometimes Lifestyle Inflation is a Good Thing

Written by , Posted in Mindful Living

When people think of lifestyle inflation, they think of wasted money. But there are times when lifestyle inflation makes sense.Generally, when you hear about “lifestyle inflation” in the personal finance community, it’s got a negative connotation.

I get it. When people think of lifestyle inflation, they think of wasted money.

People waste their increased income by putting it toward new or more expensive things rather than their financial goals. This is why increasing your income isn’t always the answer to helping you get out of debt or build your savings. A higher income is only helpful if you can avoid lifestyle inflation and put that extra money toward your financial goals.

I’ll admit it, I have struggled with avoiding lifestyle inflation as my income increased. (more…)

Thursday

1

September 2016

9

COMMENTS

August 2016 Budget and Debt Results

Written by , Posted in Money & Finances

August 2016 ResultsA few weeks ago, I decided to change my budgeting strategy and how I share my information with all of you. There were a few reasons behind why I decided to change budgeting strategies:

  • My old strategy was time intensive and took up two posts/month on my blog. I knew I could provide more valuable content in those slots instead of 2 separate budget posts.
  • I got tired of sharing my budget plan only to have the results of my spending look completely different by the end of the month.
  • As my blog grows and becomes more popular with people I know IRL, it’s harder for me to feel comfortable sharing every cent of my money plan and spending.

I’m still going to be sharing my online income reports (and expenses) and my personal spending will be reported at the end of each month. I started this blog to document my financial journey toward paying off debt and I don’t want to get away from that idea.

That said, here’s my report for August 2016 spending.

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Thursday

25

August 2016

19

COMMENTS

Why I Decided to Shell Out $170 Per Month for a Personal Trainer

Written by , Posted in Mindful Living

Maybe hiring a personal trainer is worth the cost after all. I love why this woman decided to hire a personal trainer!It’s no secret that I’ve struggled with my body weight for the past few years.

I’ve talked about the struggle of having to either buy bigger pants or change my eating habits to help my current pants fit.

I’ve talked about how Crossfit used to be a part of my budget but that I decided to quit paying for it when I quit my job.

And last fall I talked about my plans for better self care because I wasn’t happy that I had gained weight.

I had a pretty good run at the beginning of this year. I tracked my food and exercise with my FitBit and I lost nearly 10 pounds. But since then I’ve put that back on plus another 20 or so.

Even though I have a treadmill and elliptical at home, I wasn’t motivating myself to workout and eat right, which is why I finally broke down and hired a personal trainer.

(more…)

Tuesday

16

August 2016

10

COMMENTS

Why You’re Having a Hard Time Simplifying Your Life

Written by , Posted in Mindful Living

Check this out! It really helped me simplify my life. Maybe you can simplify your life too!Today I have a guest post for you from Lorin. Lorin is a fairly new blogger who is sharing her real life stories about perseverance, character, and hope. Enjoy!

You desire to live a life where you can wake up in the morning without worrying what is to come.

You desire to have simplicity, yet wonder why you are always left with high demands feeling as if you’re being weighed down.

You keep trying to lighten up yet things just seem to never work out the way you planned.

I’ve got news for you. I have lived out this same struggle day in and day out unsure of where I’m going wrong and how I can fix it.

The truth is, life doesn’t have to be complicated. We make choices that don’t allow us to have the simplicity we are always chasing after.

I desire for you to experience simplicity. So, I want to share with you everything that’s bound to get in the way of living the simple life you’ve only dreamed of having.

(more…)

Thursday

11

August 2016

26

COMMENTS

Online Income: $5,436 in July 2016

Written by , Posted in Business

Last month I made over $5,000 working from home. How did I do it working from home? Check out my sources of income here.I’ve said it before and I’ll say it again. Running your own business means dealing with a lot of ups and downs – both financially and emotionally.

I’m a little sad to report that this is the lowest income month I’ve had this year. The worst part is that I felt like I worked more in July than I did in the previous two months, but my income didn’t reflect that.

Part of the reason things like this can happen is because a lot of my income isn’t counted until the month after I’ve done my work. I can’t invoice for freelance writing and other projects until after they are completed. For my steady clients that I work with each week, this is the last business day of the month. And I’ve never counted my income until it actually hits my bank account, not when I’ve invoiced for it.

This is just another reason why solopreneurs have to hustle and why an emergency fund or buffer of some sort is 100% necessary when you run your own business.

Here’s a deeper look into how I made money, and spent money, with my business last month.

(more…)

Monday

8

August 2016

4

COMMENTS

It’s Ok to Change Budgeting Strategies (and How I’m Budgeting Now)

Written by , Posted in Money & Finances

Think you have to be married to one budgeting strategy forever? Not true! Budgeting strategies change as life changes - here's how Kayla is budgeting now and what you can take away from her strategies!Should you ever change budgeting strategies or debt pay off strategies? These are things I’ve asked myself at different times over the past 2.5 years since I started this blog.

My main focus when I started this blog was to get a handle on my money so I could finally sleep through the night again, and that meant starting a budget.

There are lots of different budget strategies out there because there’s no “one size fits all” option.

During the time I’ve been budgeting and paying off debt, I’ve had to change strategies at different times because of life changes.

Your income may increase (or decrease). You might take a new job with a different pay schedule, like once a month instead of every two weeks. Or you might even decide to become self employed, in which case you have to decide how you are going to get paid, how to budget for yourself and your business, and maybe even how you will pay off your debt now that your financial situation has changed.

Budgeting strategies aren’t set in stone, and that’s a good thing. You never know what life may throw at you, which is why I’m changing budgeting strategies once again.

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