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Welcome to my first debt free journey report!
I thought it would be good to start recording my income and debt repayments. Hopefully it will make it easier to see what’s working and what’s not and keep me motivated to keep going and pay it off as quick as possible.
Probably no one is remotely interested except me, but I’m going to write them anyway if only to keep myself accountable to making an effort!
I’m only going to include income that’s made from doing work on the side, through blogging and side hustles, because this is money that’s totally separate from our usual income and outgoings and can go directly towards paying off debt.
Because it’s February and I’m not a person who has ever been organised enough to get anything done in January I’m going to include both months this time, and aim to update monthly from now on.
Also to add, I have three children 5 and under, so I don’t have as much time as I’d like to spend on money making endeavours, so I’m sure that if you had more time you could make a lot more than I’ve been managing so far, so don’t take me as a good example of what’s possible – I’ve read reports from plenty of people who make much much more!
I’m adding what’s been paid in different currencies and will convert at the end 🙂
Survey and get-paid-to income: £42.91 and $15
I’ve definitely lapsed a bit lately in terms of using survey sites and apps. I’ve had much better months in the past, but I know it’s because I just haven’t spent the time recently. Most of the income this time is from being on a product research panel, Swagbucks and Instagc.
I’ve only recently started to earn any income from blogging and while I’ve not earned much yet it’s something I’m definitely going to work on increasing.
Sponsored work: £60 and $37
Affiliate income: $58
I’ve been working through Emma Drew’s How to Smash Affiliate Marketing course, so excited to see how I can start growing this!
(I should add that there’s a £60 payment threshold to get paid out on Adsense, and it’s taken me 9 months to reach it, so this is the first ever payout I’ve had, so I’ve been super excited to finally get there!)
I’m pretty happy with that. It includes half term where I didn’t do any work at all, and it’s a good encouragement to try and beat it next month! Going to set a target of £250 for March, fingers crossed!