July Income-$1293.99

Here is a breakdown of my income for July.

Job $864.87
Online Income $370.24
Bank/Referral Bonuses $30
Survey/Mystery Shopping $13.5
Interest $15.38
Total $1293.99

My income was decent considering I only received one paycheck in July.  Online income continues to be good and I hope to increase it.  My bonuses were way down this month.  This was mostly due to not receiving any OptionsXpress bonuses but their $100 bonus offer is back this month and my bonus income should go back up.  A large part of my interest income is due to my Wachovia account paying 16% which is ending this month I think.  The amount of interest will go down but it isn’t a significant part of my overall income. Although I quit my job I’ll receive two paychecks so that income shouldn’t be down too much. Next month will be the real test of whether I can make sufficient income without a job.

I Won Free Mcd’s for a Year Again

If you’ve been reading this blog for a while you might recall that last year I won free extra value meals for a year (1 a week) as part of a McDonald’s grand opening promotion. This morning a McDonald’s close to my GF’s house had a similar promotion and we had to take advantage of it. This grand opening was much more crowded than the last one but we still easily were in the first 75 walk-in customers and received our free extra value meals for a year. My GF already informed me that this won’t count as our weekly date meal but it is still a good deal. With the free McD’s I won before I’ll now have two free extra value meals a week during August and September. The drawback to this is that I want to lose weight and eating at McDonald’s doesn’t help that. I’m going to try to make slightly healthier choices but most of what I like at McD’s isn’t healthy.

July Expenses- $1099.62

Here is a breakdown of my expenses for July.

Household

$401.23

Transportation

$340.47

Utilities

$87.34

Food

$73.50

Entertainment

$96.77

Student Loan Debt/Books

$100.31

Total

$1099.62

My expenses were pretty good for the month. The only thing that was too high was my transportation expenses. This was due to my taking a road trip and my car running inefficiently because it needs a tune-up. Since I won’t be taking a road trip this month and I’m quitting my job the transportation costs should be way down. My food costs should also go down since I’m eating many meals at my GF’s now. I count our restaurant meals as entertainment. The entertainment category isn’t too expensive because I find lots of free or low-cost entertainment for us. All the other categories should remain roughly the same.

July Goals Update

I didn’t do a goals update for June because I was terrible about making progress towards my goals in June.  July was a much better month.  My first goal of not acquiring any new debt other than student loans is still being met.  This one is pretty easy to meet.  I made some progress towards my goal of losing 20 pounds.  After gaining 8 pounds earlier this year I’m now back to my original weight.  I’ll now need to lose 20 pounds in six months rather than a year.  This is doable but I’m going to have to put a lot more effort into it.  I did make good progress on improving my blog.  I started the Frugal Blog Network and I was featured twice on the Smart Spending blog at MSN.com.

Brainstorming Income Ideas

Since I’m soon going to be unemployed I need to replace my job income. Towards that end I decided to brainstorm ten ways to make more money. These are the first ten ways I came up. Not all of them are good ideas but I just wanted to think of some ways to increase my income. I’d love to hear any ideas you have about making money also.

1. Get another job- This is the most obvious idea. It is going to be a fallback for now because I really want to make money from my own business and want to be free from any schedules.

2. Sell plasma- This could be done whenever I felt like it. I probably won’t do it though because there isn’t a collection center close to me and I think there are other things I could do that would have a better return.

3. Increase my blog income- This is easier said then done. Several things I could do to possibly increase my income are add adsense to this blog, add other affilliate programs, post more often, promote my blog, and change the design. There are many more things than that but that is a good start.

4. Launch more web sites- I won’t be launching any more blogs. I can barely keep the two I have updated. There are some other sites I want to launch. I have several domain names and have being doing research on PPC and keywords and such. I just need to get the sites launched.

5. Write articles for Associated Content- This isn’t a big moneymaker but I like to write and this would be a good place for articles that aren’t appropriate for my blogs. I can also publish and be paid for articles that I later make in to blog posts.

6. Other writing- I’m sure there are other places online that pay you for writing I just need to do some research and find out what they are. Also I could submit articles to offline publications.

7. Tutor- My LSAT score is high enough to qualify me to tutor but the one test prep company I applied to didn’t hire me. I’d prefer to do this on my own but am not sure how to go about it. I need to develop some tutoring skills. I have the knowledge but am not good at imparting it to a student.

8. Be a Guinea Pig- I’ve done many medical studies in the past and made good money from them. I need to call the local clinics and see if they have outpatient studies I could do while in school.

9. Surveys, Mystery Shopping, etc- I could also look to increase the little things I do for extra money now. This isn’t a very good option though because there are a limited amount of opportunities available and most of them don’t pay much for the time invested.

10. Sell stuff- I don’t own much but it would be helpul to sell a few things before I move at the end of September. What I really need to sell is the few hundred comic books I have in storage at my mom’s house. The vast majority of these books were bought at cover price or less and I got my value out of them when I read them. There really isn’t much point to keeping them now but I’ve delayed doing so out of laziness and a belief that I should be able to sell them for more than what they would fetch on Ebay. I need to research whether an Ebay store or some other way would be the best way to sell them.