Shaney’s Personal Debt Reduction Journey Review for June

My main objective is to be debt free by the end of the year. And I’ve done really well in the 1st quarter of the year in that I’ve reduced my overdraft and I paid off for one loan.  I continued that success in the 2nd quarter, when I paid off monies owed to HMRC.

I have adopted the weighted debt reduction method in order to decide which debts to pay first. But the problem now is that the rest of the loans are quiet big and I’m now feeling frustrated that I have to wait a long time before I see results. See blog post o  hiw I an keeping g focus.

I am still keeping up with the monthly payments which is good news. Which is good news, so the overall debt has been reducing on a monthly basis.  God’s willing, I would hope to have my debt reduced down to £12,841.03.

That is a fall of £6,409 from £19,250.

If I want to meet my target to be debt free by the end of the year, excluding mortgages, then I need to generate additional income.  I had hope to sell roses, but unfortunately some of my roses died and the rest of the roses appear to be dwarf or stunted.  I am not too pleased with the results.  They definitely did not turn out like the roses in the catalogue.

To make this website a side hustle I need to be producing blogs on a regular basis.  I think I am disheartened that Google AdSense has rejected me and traffic is now none existent.  In addition there is a wealth of websites providing debt reducing tips not really sure what is my unique selling point, why read my website compared to others? What is it that I am offering that is different from the rehashed blog written on the internet?

I did 22 hrs overtime only to end up with £271 net in my hand.  I’m like I should have gone to bed with my imaginary toyboy at least I would guaranteed some enjoyment.

If I can earn an extra £500 net per month AND adopt a bare-bones budget then it would mean that I might be able to pay of for my car and my student loan.   The last credit card would be paid of in Jan of next year.  It would mean that I will only miss my target by one month. This I like, but how 🤔 to earn that extra £500 net.  It would mean extra 44 hrs a month assuming there is overtime.  And if there isn’t, I just have to cross that bridge when I come to it.

In the meantime, I need to work on a side hustle.  This website is the best option.  At least doing one blog a month will get me somewhere keep me on track. Even I know that one blog a month will not generate any income for this website.

The question is how to earn £1500 gross from my website and what are the steps to get me there?

I know that short- term goals with results keeps me motivated.  At least I am able to see where I am going.  I’ve redone my budget and I have stripped down to a bare bones budget. By doing this I estimate that I should have my car paid off by October.  I am feeling vigorated as it doesn’t depend on me doing side hustles or overtime.  But it means no more spend!!! It means no spend on gardening, home decor, and beauty treatments.  I’m not looking forward to this.

Shaney’s Personal Debt Reduction Journey Review for June

My main objective is to be debt free by the end of the year. And I’ve done really well in the 1st quarter of the year in that I’ve reduced my overdraft and I paid off for one loan.  I continued that success in the 2nd quarter, when I paid off monies owed to HMRC.

I have adopted the weighted debt reduction method in order to decide which debts to pay first. But the problem now is that the rest of the loans are quiet big and I’m now feeling frustrated that I have to wait a long time before I see results. See blog post o  hiw I an keeping g focus.

I am still keeping up with the monthly payments which is good news. Which is good news, so the overall debt has been reducing on a monthly basis.  God’s willing, I would hope to have my debt reduced down to £12,841.03.

That is a fall of £6,409 from £19,250.

If I want to meet my target to be debt free by the end of the year, excluding mortgages, then I need to generate additional income.  I had hope to sell roses, but unfortunately some of my roses died and the rest of the roses appear to be dwarf or stunted.  I am not too pleased with the results.  They definitely did not turn out like the roses in the catalogue.

To make this website a side hustle I need to be producing blogs on a regular basis.  I think I am disheartened that Google AdSense has rejected me and traffic is now none existent.  In addition there is a wealth of websites providing debt reducing tips not really sure what is my unique selling point, why read my website compared to others? What is it that I am offering that is different from the rehashed blog written on the internet?

I did 22 hrs overtime only to end up with £271 net in my hand.  I’m like I should have gone to bed with my imaginary toyboy at least I would guaranteed some enjoyment.

If I can earn an extra £500 net per month AND adopt a bare-bones budget then it would mean that I might be able to pay of for my car and my student loan.   The last credit card would be paid of in Jan of next year.  It would mean that I will only miss my target by one month. This I like, but how 🤔 to earn that extra £500 net.  It would mean extra 44 hrs a month assuming there is overtime.  And if there isn’t, I just have to cross that bridge when I come to it.

In the meantime, I need to work on a side hustle.  This website is the best option.  At least doing one blog a month will get me somewhere keep me on track. Even I know that one blog a month will not generate any income for this website.

The question is how to earn £1500 gross from my website and what are the steps to get me there?

I know that short- term goals with results keeps me motivated.  At least I am able to see where I am going.  I’ve redone my budget and I have stripped down to a bare bones budget. By doing this I estimate that I should have my car paid off by October.  I am feeling vigorated as it doesn’t depend on me doing side hustles or overtime.  But it means no more spend!!! It means no spend on gardening, home decor, and beauty treatments.  I’m not looking forward to this.

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