Budget With Me// Sept. 1- 11

Budget With Me Topics:

Caleb Hammer's Financial Audit // Printing Monthly Statement and Tracking Your BS Spending // New Chime Account // The Reverse Budget

Short Term Financial Goals

(1-3 month time frame / 90 days )

Get another part time job or better paying job with good company // save $1k in a month

Long Term Financial Goals

(Year)

Have $10k saved

Monthly income of 3-5k

Printing Monthly Statement and Tracking Your BS Spending

Family Dollar $312.66

Byron $80

Repayment $26.25

Donuts $20.69

Taco Bell $21.91

Shell $28.45

Conession Stand $14.61

Google $6.48

Steam: $21.64

SWEPCO: $204.48

Deposits:

Ebay $8.57 Sept 4

Depop $84.35 Sept Sept 5

Ebay $6.34 Sept 5

Mercari $16 Sept 5

Ebay $3.78 Sept 6

ABM $274.25 Sept 6

(I brought in $393.29 so far this month in September. Most of that has been spent at family dollar, as you can see above.)

ADDED CASH $835 Sept 9

After calculating, you're left with $519.57. My Cash App Shows that we have $506.54. That's $15 unaccounted for, but probably went to food.

Recommendations:

NO SPEND DAYS

FOOD Assistance

Higher Paying Job

Quit Smoking

The Reverse Budget

The goal is to focus on paying myself first and reaching my financial goals first by using two bank accounts. I use online banking apps like Cash App and now Chime. (I was going to do SoFi, but thought I'd wait until I got a better job to join due to a promotion that lasts until the end of the year 2023.)

I need to finish setting Chime up. The goal is to deposit money from my paychecks into Chime for the bills. I will also change my Ebay, Depop, and Mercari to use Chime as a business account.

I find online banking easier than going to a physical bank. With the Reverse Budget, I allocate the funds first to my needs and goals. You start by setting aside a certain amount of money to save up. After you put your savings away, you can spend what's left guilt free. This way, you don't have to track every dollar you spend.

One tip was to name your savings goal. My savings goal is to have 1k in 60 days. Why? Because I need peace of mind. It's a small amount but Dave Ramsey says it's the mindset that's most important. A lot of folk can't save that much because of their mindset.

Comments

End of Month Reseller Report - July 2021

How much did I make in July? It's August 2nd and I'm taking a look back at my accomplishments. What Sold July 1-7 What Sold July 8-14 What Sold July 15-21 What Sold July 22-31 I made $235.54 selling books. I did my first ever listing challenge and I want to do another one - stricker dead line. List 100 Items in 13 Days. That's half the time it took to do the original challenge. 13 is also the date I was born. A Baker's Dozen. Perfect! When I told Joe at the Post Office I wanted to make $1k or $800 a month he blew a tire and looked skeptical, and he kinda laughed. We both did. Is it such a crazy idea that I deserve this? That at the end of everything, I'll be the owner of a secondhand bookshop. Some cool things I added to my shop: Magic The Gathering Cards, skirts, I opened my Ebay store and added items but haven't completed the set up. Also, my new goal is to make $100 each week by pursuing sales. Offering to likers on Depop which i never do - posting more i...

What Sold July 1-7

These weekly What Sold posts kept me organized, so I'm bringing them back. I review what items sold on each platform, how much it sold, the fees, and what my profit was. Every month I have the same goal to make $350, but my dream goal is to make $800 per month just by selling books. I currently sell on Depop, Mercari, Instagram, Etsy, and various Facebook groups. Depop has been incredibly slow - I have not made any July sales yet. In June I had 4 orders, in May I had 3, in April I had 6 orders, 7 orders in March, 9 in February, and 7 in January. That gives you an idea how many orders come through Depop and why it's important to cross list. I think I have more sales on Mercari. The Summer Slowdown is here! I haven't made any sales yet on Mercari in July. Mercari makes it a little harder to view your sales history in chronological order, but here is how many orders went through each month this year 2021 on Mercari: January - | | | | | | February - March - | | | | | | | | Ap...

Selling on Ebay for Beginners - Pt. 1

I am brand new to selling on Ebay, I avoided it because I personally felt that the interface felt outdated, I never buy anything on Ebay, and Ebay seems intimidating . On the other platforms I sell on, it is so easy and fast to list. When I listed my first item, it felt like I was filing out paperwork at a doctor's office. It's going to take some time to get used to Ebay's layout, a newcomer can't navigate the Seller's Hub so quickly. It's free to register. Ebay will send an amount to your bank you have to confirm to receive payments. When you first start out, you can only list 10 items per month, this renews every 90. You have to build up your "feedback" - so I'll have to make a purchase or two through Ebay. (Going to see if I can find a Samsung Technologies Q2U microphone to upgrade my Podcast!) This link below is essential reading for new Ebay sellers: https://export.ebay.com/en/listings/limits/selling-limits/ The website says 10, but I was onl...

BelleResells

Search This Blog