August Income – $1445.82

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Here is a breakdown of my income for August.

Online Income

$1101.00

Interest

$22.50

Stock Dividends

$12.90

Mystery Shops

$192.23

Bank Bonuses

$7.76

Survey/Cashback

$9.23

Job

$100.20

Total

$1445.82

It was a good month for income.  My income was higher than my expenses which is one of my goals.  I need to get my income up to about $2000 a month or more though to make progress on building up my savings.

I was pleased that my online income was its highest ever and once again was over $1000.  It won’t likely be that high this month but it should still be pretty good if I receive the affiliate checks that are due me.

Mystery shop income will be up a little this month.  Since most of the payments lag about a month behind I already have a good idea of what I will make this month.  The mystery shop total is my the actual income I receive before expenses.  It does not include reimbursements which were about $100 in August.

Job income will be up a lot for this month.  Although  I have already quit the job I still have a couple of paychecks coming.

August Expenses – $1326.82

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Here is a breakdown of my expenses for August.

Household

$374.48

Entertainment

$211.33

Transportation

 $454.13

Food

$121.24
Medical/Dental

$57.44

Utilities

$68.20
Debt $40

Total

$1326.82

My expenses for August were about the same as they were in July.  There were a couple of things that inflated my expenses for August.  I bought two new tires for my car and I registered for a marathon.  Even without the new tires my transportation expenses for August were too high.  I have been trying to cut back on that but I drive a lot to make money.  I put the marathon under entertainment expense.  My entertainment expense also needs to be seriously reduced.  Food also can be reduced a little.  Everything else will remain about the same. I’m hoping to get my expenses under $1000 this month not counting my bar exam registration fee.

Making More Money Mystery Shopping

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In August I decided to cut back on mystery shopping since I had a job. I did end up doing fewer shops in August than usual but it ended up being one of more my profitable months mystery shopping. This is because the mystery shopping companies contacted me and offered me high-paying and/or heavily bonused shops. I had previously been contacted for these shops once in a while but not as often as in August. It seems like my persistence is finally paying off.

I think that getting the workers at the mystery shopping companies on your side is one of the keys to making decent money mystery shopping. When you first start out the companies are unlikely to call you for any assignments. When they do call try to do the shop they are requesting if at all possible. If you can’t do the shop make sure to let them know that although you can’t do that shop you are interested in doing last minute shops if they come up in the future. I suppose it is somewhat like being nice to the dispatcher when you are a taxi driver. They have lots of power to affect your income so you better be nice to them.

That is my mystery shopping tip for today. Hope that all of you that are mystery shopping are able to use it.

Gambling and Frugality

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Gambling is not a frugal activity. Earlier this year my gambling was going pretty well but since then the tables have turned and I have been steadily losing money. I have noted that I am not disclosing my gambling wins and losses on this blog. I have not kept exact track of my gambling but I would guess that I have lost about $300-$400 gambling this year. That is not a big amount but with my small income it is too much. Also it seems a little silly to be trying to save a few dollars with coupons and then blow a $100 in the casino. I am frugal in all areas of my life except gambling. There is a disconnect between my beliefs and actions when it comes to gambling. Gambling was the major contributor to my filing bankruptcy 14 years ago. I am in control of my gambling now but I can still feel that urge to bet more and more. From now on I will be disclosing my gambling wins and losses. Also I will only bet when I think I have favorable odds and until I have a significant increase in income my gambling will be limited.

Running a Marathon and Goals for September

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My progress at losing weight has been nonexistent. Therefore, I have decided to try another tactic for losing weight. I have registered to run a marathon in November. I’ve run four previous marathons before so I know I can do it. That being said with the condition I am now in it will take some work to be able to run a marathon in November. It is actually easier to run a marathon than most people think but only giving myself two months to prepare is going to make it more of a challenge. My goal will just be to finish. My time is usually around 5 hours which is not fast but I still consider it an accomplishment. Weight loss should be a nice side effect of training for the marathon.

I’m also going to register for the February bar this month. Based on what I have seen this process will take quite a few hours. There is a $950 registration fee which I am going to hate paying but I’m hoping it will pay off in the long run. There will also be more expenses after that but since I spent thousands of dollars and four years going to law school it make sense to actually become a lawyer. And I do have some ideas for using my law degree.

Update: I forgot about one of my goals. I’m also making a goal of keeping my monthly spending – other than the bar registration fee – under $1000. I haven’t kept my spending under $1000 for a few months and I need to get my spending back to that level.