Debt Repayment Update

After struggling for some time with my repayment plan, I've been pushing forward with efforts to increase my income. My first step was to call a bakery I used to work for. Knowing June is a huge wedding season, I asked if they needed help with delivery. I've now completed two weekends and earned $250. Helping a friend rent her apartment I've scored another $100. Best of all, my $600 kicker check should be here by the end of the week.

All of this will ensure I reach my goal of paying off a 401k loan.

Do Over!

Paying off debt is a lot like weight loss. It takes years to put it on and its going to take time to get rid of it. Knowing that fact doesn't make it any easier. Instead, I tend to get frustrated, do something really stupid, beat myself up about it, and then get back on the wagon. Its a vicious cycle, but when I'm done, I know I'm good for awhile.

To readjust my thinking, I officially published my full debt load and replaced my previous pie chart from No Credit Needed. (For the record, I really appreciate NCN for everything he does, but I felt I needed to be brutally honest with myself.) I pulled all of my hidden cash and made an extra payment on a credit card to get a jump start. The hidden cash came in the form of:

• $5.50 from returning pop cans for their deposit - I also return the cans from work
• $28.67 from my loose change jar - I save all of my loose change in a glass which I turn in when it reaches a certain point
• $20.00 from my dollar coin stash - When I have a few extra dollars and find myself making a deposit at the bank, I swap them for dollar coins and save them as an emergency fund for end of the month gas in the tank or other surprise expense

The next step in my "recovery" is to look for ways to make extra money. This week I am putting up Easter orders at a bakery I used to work at. That will be an extra $50 for the evening. Next week, I'm participating in a taste test which will earn me an $20. Its a start for the snowflakes.

Finally, I get to have an honest look at my spending habits. I was lucky enough to have a very nice gentleman buy me lunch today, which was a complete shock because I didn't know him. He apparently won on Keno and appreciated the fact that I talked to him. I still feel guilty about it. My kitchen is not set up for cooking right now. I somehow have lost my can opener. Don't ask me how. I have NO idea. The fridge is looking like a bad bachelor commercial. Its time to get real and time to put the plan together.

Today Was A Very Good Day

I was lucky enough to have two opportunities to earn a bit of extra money. The first was a taste test. The subject was apples and I have to admit it made me think. As most tests are set up, I was asked a number of questions about taste, texture, color, etc., but I found myself falling into the consumerism mindset that makes marketing companies the big bucks. It was the search for the perfect green apple.

I like to think of myself as a bit of a foodie preferring organic, fresh food. I believe I can taste the difference and that the organic will be obvious because it will have flavor. Today I was humbled. I realized I was drawn to the crisp green apple that didn't brown after it was cut. It wasn't until the very end of the test that I realized no natural apple does that. This apple was manipulated through genetic breeding, radiation treatment, injected with toxins or some other torture device designed to make a super apple.

I had ask what is my tolerance for flaws? The apple that browned was just as good as the bright green one. In fact, I think the green one was slightly more tart. How many other things do I look over because it doesn't fit the picture of perfect freshness? How much food goes to waste because others share my ingrained preference for appearance? Don't get me wrong, I'm not typically worried about trends. I try not to judge a person by its cover. I usually value the unique and different. So why is this green apple different?

The second opportunity was much easier. It was a market research panel for a local restaurant. It was really fun. I may have to add these types of panels to my entertainment list. Wow, how sad is that!?!

At the end of the day, I have $67 for debt reduction, $25 for groceries, $3 lunch splurge, and a $50 gift certificate to a fantastic restaurant. Yeah! Now if I could just work more days like this.

Housesitting for Additional Income

Since I was in college, I have been house sitting for people to earn extra money. Currently, I am taking care of a house for 2 1/2 weeks. I confess that it makes me go a bit stir crazy because I'm out of my routine. I rely more on eating out and I use a bit more gas because of the distance to work. The benefit? I get to pay off another bill and I don't have to pay to do my laundry.

Blogging for Cents?

In my quest to become financially stable and free of debt, I have considered a number of different options for increasing my income. After all, that’s the next big step on the road to freedom. I’ve put together a pretty comprehensive budget, but I admit that it’s so tight I often have a problem living with it. But that’s another posting. I have house/pet sat for people since I was in college, which brings in a bit of extra money. I cut back on the number of people I work for because it became too tiring living at everyone’s house but my own and working a full time job. I had the energy when I was younger, but I find that I get cranky if I do it for too long without a break. I have cleaned houses, done yard work, painted, made things, participated in focus groups and research projects, ebay, and whatever else seemed like a good idea at the time. Recently I’ve been exploring the wonderful blog world to get new ideas and I must admit that a number of the postings that I’ve read make me nervous. The idea of providing personal information over the Internet seems risky. How do you protect your identity and participate in things like secret shopping? How do you post ads on your site that you may not believe in? Most importantly, how do you provide information albeit my opinion that does not steer someone else into problems?