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Posts tagged with: You Need A Budget

No More Side Hustles for Now

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Over my years here on BAD, I have tried a lot of side hustles. Some have been rewarding financially, some have been utter failures. All in all, I have enjoyed the variety they have brought.

Some of them were:

Homemade Dog Food

Product Reviews

Walmart Reviews & Walking Dogs

Substitute Teaching

But now, I’m exhausted. As mentioned over the last couple of months, work has picked up exponentially. Partly because of businesses evolving due to COVID but a lot of it is the result of increased customer referrals. I am so grateful!

As a result of this increased busy-ness, I have decided not to continue my latest side hustle, as a substitute teacher this coming school year. I had to stop taking assignments when I began care taking for my grandmother earlier this year and then of course, the quarantine began.

The free time I have, I want to spend with Princess and Beauty during their senior year. And possibly with Gymnast if he ends up moving back here.

I don’t anticipate this will greatly affect our financial progress. But it does take a load off as far as scheduling and logistics for getting everyone places.

This certainly doesn’t mean I plan to slow down in paying off my debt. In fact, I’m super excited to post a debt update tomorrow.

But my energy and efforts will all be going to my main income source versus diversifying with side hustles. I continue to take on a variety of clients, both long term and project specific. This gives me a cushion or safety net against what happened a few years ago when I was primarily working for just two clients…

And I’ve got a health EF…I’ve decided to keep my $10K+ EF and grow it slowly. I put a small percentage of my income in it every week. Then I created a second $3K account as kind of front line EF.

All of the other monies I have been stockpiling went toward my student loans this month. And tomorrow I will post my debt update for the month of June.

 

 

Adding Another Side Hustle

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Adding a Side Hustle

Dave Ramsey introduced me to the idea of a side hustle years ago. Since we got really serious about tackling our debt last year, I’ve tried out five side hustles and kept three so far. Plus I find I’m constantly scheming new ones. I’m pretty introverted and not much of a natural entrepreneur, but paying back excessive student loans can be really motivating.

The problem is that my energy level and my mental space for adding new side jobs just ain’t that much. Between helping run our business and momming, I only have so much left in me for extra jobs. But I really want to chip away at our student loans, so the ideas keep coming.

My latest side hustle idea came to me as I drove by a beloved donut shop. This shop is a major local favorite. Their donuts are delicious and fairly priced, and their online reviews are amazing. Inside the shop, it’s clean and simple. There are glass cases full of donuts and a few chairs, and it looks nice.

But outside of the shop? It’s surprisingly shabby.

About a year ago, they moved from a newer strip mall to this small, freestanding building just down the road. When we first went to see them at their new location, we pulled into the parking lot and I kept checking and rechecking the address. There wasn’t a sign in sight, the windows were dark, and there was broken glass, some dying bushes, and tall weeds all over. I thought for SURE we were in the wrong place.

Nope. They were open.

They’ve since painted some friendly looking donuts on the window and added a sign at the street, which helps a ton. However, the trash, weeds, and sad shrubs remain. Some of their reviews mention the rough exterior, but most of them just rave about how tasty their confections are. Clearly their donuts are so good that people don’t mind.

As a nerd that loves gardening and weeding, I’m sure I notice it more than others. But as a fellow small business owner, I can’t help but wonder how many more new customers they could get if they upped their curb appeal.

I’ve thought about pulling a few weeds as I walked back to my car. Or casually picking up some of the trash as I walked in. But then I thought, “What if he hired me to help clean up out here?” It’s so easy to grow stuff here in the Northwest. I could plant some foolproof perennials or add an easy-to-care-for planter, and then come twice a month to weed and trim bushes.

I have no idea what to charge, but it would be a job I’d feel excited about. Small business owners have a lot on their minds, but I believe curb appeal could help his business grow. Of course, it would also help us get that much closer to paying off our debts.

And maybe—just maybe—he’d give me a free donut every once in a while.

What have been some of your side hustles? Do you have a favorite?

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