Andy Hough

July Income – $1519.91

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Here is a breakdown of my income for July.

Online Income

$1067.96

Interest

$12.35

Stock Dividends

$22.79

Mystery Shops

$373.52

Bank Bonuses

$20

Survey/Cashback

$23.29

Total

$1519.91

It was a good month for income.  My online income was my best ever.  Making a $1000 in a month has been a goal of mine for a while but I don’t think I’ve even made it over $800 before.  One of the reasons my online income was higher in July was because I had a couple of months of affiliate income owed to me that finally arrived.  Most of the increase was from the direct sale of links.   There was a large increase in people contacting me wanting to purchase links on one of my sites.   Most of the income was from links paid for a year upfront.  There are also a couple of links that pay monthly and a couple more people I’m still negotiating with so I will still make at least a little from selling links this month.  I doubt I will make a $1000 again this month but I should make at least $600 which I am pretty happy with.

Mystery shopping income will go down because I have a regular job now and won’t have as much time for mystery shopping.  Some of the shops I did last month won’t pay me until this month though so I should make at least $200 from mystery shops this month.

My new job is working for a non-profit and it doesn’t pay much but it should still cause my total income to increase over last month. Although if I could count on making $1500 a month every month without a job I wouldn’t worry about a job and just concentrate on increasing my alternative sources of income.   It would be nice to have all my money come from alternative income and passive income but that might take a while.

July Expenses – $1311.23

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Here is a breakdown of my expenses for July.

Household

$340.53

Entertainment

$86.49

Transportation

 $251.92

Food

$125.51
Medical/Dental

$57.44

Utilities

$115.13
Wedding $334.21

Total

$1311.23

My expenses were up slightly from the previous month. This was mainly because I had $334.21 of wedding/honeymoon expenses.  I ended up spending a total of  about $1100 for the wedding and honeymoon.  DW probably spent about $200.  I think that is a pretty good deal.  There won’t be any wedding or honeymoon expenses this month so my total expenses will be down.  We are having a wedding reception this Saturday but the total cost of that is about $200 and my mother is covering that expense.

My transportation expense was much higher than I would prefer but that is mainly due to driving a lot for mystery shops.  Since I am now working a regular job I will be cutting back on the mystery shops and I should be spending a lot less in gas.  I might need to get some tires and other work done on the car though which would keep my transportation expense high again this month.

I spent way too much on food considering DW buys most of the groceries and I had lots of fast food mystery shops.  I need to cut back on the fast food and junk food purchases.

Everything else will probably remain about the same this month.

Bargains for the Bookworm

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This post is brought to you by The Digerati Life, a blog on personal finance, frugal living, financial management and investment.

Are you a bookworm? Whether you’re still in school or already in the work world, books remain as primary sources of learning. Textbooks, novels, self-help books — all of these could be rich sources of great entertainment or information. So whether or not a person is a university student, books may well be a staple in one’s budget (budgeting tools and software can help track various spending categories). Thus, if you’re looking for a way to cut costs in this area, then you may want to get discounts or freebies; doing so can free up more of your budget for more pressing and important things, such as food and rent, for instance.

Textbooks could be had for cheaper rates with the use of cheap textbook coupons. On the other hand, books that one buys mainly for entertainment could be bought from book sales or discounted book stores.

While it would be a dream to buy all of the books you could set your eyes on, let’s face it, they don’t come for free. Even though some books come cheap, at $3.00, even $3.00 per item could add up over time. However, a $3.00 used book is still a bargain compared to an $18.00 price tag on a new release.

So now the question is, where can you find the cheapest versions of your favorite books online?

Well, you can start out by searching for the following terms online:
“cheap books”
“bargain books”
“used books”

When you check out the terms “cheap books online,” “bargain books online,” “used books online,” and so on, you’ll find top results for the best sites that showcase bargain/cheap books. Websites like CheapBooks.com, AbeBooks, and ThriftBooks are some of the better picks on the “cheap books” keyword. Some other entries are price comparison engines, but the information you get from there could be useful. BookCloseOuts, BestBargainBook, and BargainBookStores are the better results for “bargain books.” Alibris, AbeBooks, Powells.com are among the better results for “used books.” The point is, a little bit of research can yield you some good finds.

If you want free content, however, there are other forms and formats of published content that may help you shrink your book budget a little:

  • Free PDFs
  • Free published content online
  • Public domain versions for literary works

PDF or Portable Digital Format, is still the most common digital format used for published content. A lot of free content may still be available via PDF. And if you’re on the lookout for freebies, free PDFs may help you get your reading fix without costing you anything.

There are also still thousands of free ebooks out there. Some people share these on download forums, while other free PDFs are in eBook libraries. All you need to do is a web search on “Free PDF Search Engine” or “Free PDF eBooks” and you may be able to stave off taking trips to the bookstore for a long, long time.

Aside from free PDFs, there are websites that also post free full texts of popular books, and even unpublished writing work. Wattpad.com and Scribd.com are examples. Mixed in with Sheldon, King and Steele are works from amateurs. It delivers content straight to your WAP or 3G-enabled phone, or you could read it straight from your browser. Just wading through your website could keep you away from bookstores, even from the library, for months!

Also, the classics are available at Project Gütenberg, which is an organization dedicated to letting classical/public domain content become available online. Classics and out of print books with no or expired copyrights are available up at Project Gütenberg. While it may not be complete, the website’s collection is still undeniably comprehensive.

Book aficionados need not break the bank nor rack up credit card debt to feed their reading appetites (no, you don’t need to turn to your Citi credit cards for this!). All they really need is the understanding that great books are available for free online, which are easy to track down with a little resourcefulness. For the less tech-savyy, there’s always the local library!

Shower in the Dark

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Lately, I have started taking my daily shower in the dark. Actually, the light is off but I leave the door open and there is plenty of light from the bedroom windows to see. My thinking was that this would save a little bit of money. I haven’t done the exact calculation but after looking at a couple sites it looks like leaving the lights on in the bathroom all day would cost less than a dollar. Considering my shower takes 10 or 15 minutes it looks like I’m saving about one penny a day. I will still keep taking my shower in the dark though because I find that is actually very relaxing and there is no reason to waste even that little bit of electricity.

If I were to cut back on the length of my shower I could save more money. I found a web site that estimates the cost of a shower. My only cost for a shower is energy cost since water is included in rent. My cost for a ten minute shower is 32 cents and a ten minute shower is 47 cents. Five extra minutes for 15 cents seems like a good deal to me. Just because I’m not paying for the water doesn’t mean I should waste it though so I’m going to try to keep my showers to ten minutes. I don’t think that will really affect the quality of my shower. And I will look for some better ways to cut back on electrical use.

June Investment Income – $89.47

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My June investment income went down to $89.47  from $96.83 in April, I didn’t  calculate my investment income in May. The decline is because I didn’t add to my investments and the stock market went down  quite a bit.  It wasn’t a good time to own BP.  I should have sold my shares sooner but I didn’t realize just how big of a disaster the oil spill was. I won’t be adding to my investments this month either but my investments have recovered a little so my investment income should go up a little.  This is a little frustrating since I was looking forward to getting over the $100 mark but as soon as I’m able to start adding to my investments I should reach the $100 goal.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early.