DB Marketing and Finance
Written by on 08/19/2016
I am happy to report that my partner is now 100 percent on board with the plan. We have a goal and she is even coming up with ideas to save on groceries. We’re planning more to avoid last minute purchases (such as needing to buy a snack for a child because we forgot to bring one along). I spent less than the grocery budget this week and that was even including about 75 percent of the school supplies that will be needed. It feels great to be doing this as a family. We even got the kids on board by telling them that we need to save money so that we can get back to Disney World some day (it’s true – we want to go back, but we’re not going until we save up for it and have zero credit card debt). Our goal is to make it back in two years. That’s lofty with 50 thousand to pay off, but we are aiming for it.
I’ve already sent the extra money towards the snowball this month and I even think I’ve found away to send even more. I’ve made one minor adjustment to the order of paying things off. We have one card that is accruing interest at 15.9 percent and we are paying that first. Then, we’ll pay the 7 percent interest card and then on to the zero percent cards. Once the first card is paid, the rest is in order by smallest debt to largest debt. The way that I worked it out was that we’d have that first card paid off by April, but now I’m hoping to send enough money that way to do it by the first of the year.
So, along those lines,I am working on building up my ebay business. It’s not an official business, but more that I am selling things. I started last fall and in the last 11 months, I’ve managed to make about 2 thousand dollars. I typically make about 75 to 300 each month. My goal is to get that up to 500 monthly. Right now, I do not have an ebay store so I get 50 free listings each month. Then, I typically get offers from ebay for some other free ones. I tend to take advantage of those so that I end up not paying any listing fees.
So, if I want to build up my sells, I am wondering whether it makes sense to pay 15 to 20 dollars a month to set up a store. At that level, I’d get 150 free listings each month plus some other perks that are supposed to help me improve my sells.
Right now, it is more hit and miss. I just hope that when I get the special offers, I have enough time to sit down and list a bunch of items. Sometimes, I don’t and sometimes I do. For me, selling on ebay is the best second job because I can do it on my computer at home when my kids are asleep.
I have absolutely no business training whatsoever. I majored in child development and my degrees are in special education and educational psychology. I can tell you a heck of a lot about kids, but nothing about business. I never had any interest in business per se, but now I find that this is just what I am doing to make extra money.
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