If you’re new to Budget Breakaway, each month I reflect on the previous month’s financial progress and calculate my total earnings from side hustles. I analyse any activities that may have had an impact on my finances and check up to see how far I have climbed towards my long term goals.
This month we brought in the newest member of the Budget Breakaway family; you can find out all about our new kitten Bruno and how he’s impacted our budgets here! July was a a successful side hustle month indeed! Here’s the breakdown:
Side Hustle Income – £268.07
Fiverr – £23.74
In June I set up a gig on Fiverr called ‘I will say your greetings message and do a backflip‘. I’ve actually doubled the income on this gig in July by utilising gig Extras including ‘I will complete your order in 24 hours’ . I’m still looking to list another gig so that I can double this income.
Business Consultancy Services – £180
By far the best earner for me month on month, I am currently looking to expand my client base and have a couple of leads lined up to multiply this income.
Parkour Coaching – £63
In my spare time I coach and perform parkour across the midlands.
Blog Advertising – £1.33
As a trial I have installed Google Adsense here on Budget Breakaway.
Total Side Hustle Income: £268.07
Review of My July Goals
1. Generate £250 in Side Hustle income – Complete!
As above, my total side hustle income was £268.07; looks like I’m going to have to set the bar even higher for August!
2. Make my first deposit of £643 into the mortgage fund – Failed
Due to delayed payments in July, I could only deposit £400 into the mortgage fund this month; this puts me £243 short of my target. However, these should catch up with me throughout August so I can set the bar higher in the following month.
3. Post another gig on Fiverr – Failed
Looks like another goal to be set through to August; watch this space!
Goals for August 2013
1. Generate £260 in Side Hustle income
As last month was so successful it’s time to raise the bar again; I’ll be looking to raise £260 in side hustle income next month.
2. Deposit £800 into the mortgage fund
Given I failed my mortgage deposit goal in July I’m looking to make up for this in August. I’m therefore looking to get super frugal and deposit £800 into my mortgage fund next month.
3. Post another gig on Fiverr
A goal that I failed in July but am still super eager to complete in August. Watch this space for my next Fiverr gig!
What were your goals for July? Did you have a successful month?