Wednesday, June 1, 2016

May side hustles 2016

The great thing about doing side hustles to generate extra income is that you can hustle on your own terms.  The more hard work, time, and creative effort you put in, the more extra money you can make.  You can hustle as little or as much as you want, whenever you want.  It’s your extra money, and you can choose how you want to spend it.  Instead of focusing on what ideas don’t apply to you, try focusing on different side hustle ideas that you can implement to work for your situation.

Welcome to June, can you believe we are about halfway into 2016?  May has been a very busy and expensive month for us.  
Our son is almost 1 year old - my how time flies!  This first year with him has been both our greatest challenge as well as our greatest joy.  Last week our son picked up a viral cold and then gave both my wife and me acute laryngitis and ear infections.  I had to take 5 days off work because I had lost my voice completely.  Our little man isn’t walking yet, but he’s crawling around quite fast.  It’s fun to see him slowly develop a personality.  He seems to be quite the jokester.  Raising a child is one of most difficult tasks.  Luckily, we have received tons of hand me downs including clothing and toys.  We pretty much just need to buy food and diapers for the little guy.  Raising our son hasn't put much of a dent in our finances.  Day care in our area is very inexpensive ($130 a week).  The biggest cost involved is actually just taking up more of our time to entertain him - which we love doing.

Sometimes we laugh at how it’s possible for people to have more than one child.   

We recently had the exterior wood of our home replaced with stucco and repainted ($8,425).  Thankfully we won’t need to do any more painting for at least another 8-10 years.  Stucco material is very durable and should last for a long time.  
We’ve also upgraded some lights in our home to LED energy efficient lighting ($563.72).  These lights should last us over 10 years and continue to keep our electricity costs low.  In addition, we purchased a new couch ($900) since our old one was falling apart.  This couch should last a long time since it’s very durable.  We still have more upgrades we’re looking forward to doing in the future.  Oh the joys of home ownership!  Owning a home is definitely not an investment – more like a money pit.

Here’s our monthly summary of side income that we have generated in the previous month of May.

Cash back
On 5.1, I received a PayPal deposit of $36.49 from Mr. Rebates cashback shopping portal. Mr. Rebates is my main go to shopping portal for cash back on purchases made online.
On 5.11, I received a $100 statement credit on my AMEX Gold card from AMEX Offers ($100 cash back after spending over $500 with Delta Airlines – I booked two round trip flights for my in-laws to come visit from Portland)
On 5.14, I received $200 in statement credits on my AMEX Platinum card by using the AMEX Platinum airline fee credit to buy $200 worth of Amazon gift cards.
On 5.28, I received a $100 statement credit on my AMEX Platinum card by getting $100 reimbursed after paying for Global Entry ($100 value benefit of the AMEX Platinum card)

Search and Win
On 5.9, I received a $5 Amazon gift card from Swagbucks (500 points = $5 Amazon gift card)      

Paid surveys
On 5.2, I received $5 Amazon gift card from Pinecone Research. 
On 5.16, I received $5 Amazon gift card from Pinecone Research.

Side Job
On 5.18, I received a check for $250 for consultation fees

Rental Income
On 5.1, we received a net profit of $430 from our rental property.
On 5.1, I received a check for $600 from our temporary housemate.

Miscellaneous Income
On 5.10, my wife sold an old Wii game on Amazon and made a profit of $37.35, after taking into account fees and shipping costs.

Monthly Totals:
Our side hustles continued to bring in extra income for us in May.
We received $436.49 worth of cash back
We earned a $5 Amazon gift card from Swagbucks
I earned $10 worth of Amazon gift cards from Pinecone Research
I earned $250 from consulting work on the side
We earned $1,030 from rental income
My wife earned $37.35 from Amazon sale

All of this totals $1,768.84 from our side hustles for the month of MayThis hasn't been the most productive month, but the money keeps coming in. Side hustle income helps us feel less guilty about bigger expenses.  Have you been hustling? 

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