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Goals for the Next Month – Hope

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As I am enjoying my weeks traveling and visiting with my family, I am starting to plan my next month money wise. Per my post earlier today, I have A LOT going on in my head as I try to envision the next few years of our lives both financially and life experience wise.  I am a big proponent of self-fulfilling prophecy, not that I think I’m all powerful, but that in order to accomplish something, envisioning it and planning for it and working toward it are key to success.

With that being said, I know the next month is going to be pretty tight financially as I have to:

  1. Restock my cupboard as we were close to bare when we left and brought much of the remaining with us.
  2. Prepare for additional travel next month (end of July.)
  3. Equip my oldest son with everything he needs for his Navy Sea Cadet boot camp (hopefully he will make enough money to cover this, but I will pick up the tab if he is not able too.)

With this being said, I am VERY motivated to move this debt payoff along, so in addition to my regular contract work and part time job, I am looking for ways to increase my income.  I entertained the idea of going back into the corporate world, but after just a few short weeks back in part time, I KNOW that is not what I’m supposed to do on a full time basis.

So here are things I am considering:

  1. Working more diligently on listing things on Etsy:  I have TONS of craft stuff as a scrapbooker and even before BAD, my year long goal was to use it up, get the scrapbooks updated and convert to digital rather than having all this stuff.  I could easily with some dedicated time create some sellable crafts, but haven’t really spent a lot of time on that as I’m sure really sure what kind of ROI I would get on my time.
  2. Purging through donating: I am getting to the point that I HATE clutter, with a passion. If it’s not used, it should not be here is my philosophy.  As a result I’ve made great headway in cleaning things out of our home through donating.  While this wouldn’t net much money, it could lead to substantial tax write offs and there are definitely intrinsic values to not having so much stuff.
  3. Project work: The one that comes most naturally is to attempt to find more work on an on-going or project basis.  Currently I’m contracted for 35 hours a week + 12 for my part time job so I could definitely take on 10 or so more hours with ease (much of my 35 hours is done in the wee hours of the night.

I would love to hear your ideas on this.  I know I can’t keep up my rate of work and intensity forever, especially with homeschooling the kids; however, this summer’s plan is pretty much set in place and with all I have in place for the kids, I am going to have more “free” time than I’ve ever had and I want to put it to good, productive use.

Note: Our home situation is significantly adding to my growing sense of urgency and with that my research into alternatives, but that will be discussed later this summer when I have a better idea of what my options look like.

 

Hope

Follow a single mom's journey to be DEBT FREE while managing this crazy life's conflicted choices with regards to kids, pets, homeschooling days and self-employment!
The sorrow and joys of this roller-coaster overwhelm her at times, but she is committed to this course.
Hope plans to dig out of debt using any resource possible including her small business EPOH, her blog and any other resource that comes to mind!

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2 Comments

  • Reply Felicity |

    It’s great to see you thinking through options to up the income over the summer. One intense summer could really help you knock out a big chunk. I would imagine that focusing all of your attention on option #3 – Project Work, would give you the best return on the time you invest. You’ve got the technical skills to make much more with extra professional work than you would see from crafting or using eBay. I hope some opportunities come your way so you can really kill it this summer.

  • Reply Morgan |

    It sounds like perhaps the home situation needs to be worked out ASAP? I’m curious to hear what lies ahead for you in that regard.

So, what do you think ?