Pennies

Get Excited About Pennies

It's time to get excited about pennies!
Pennies add up to build dollars, and dollars add up to build wealth

My kids get excited about pennies. If they find one on the ground, they are sure to pick it up. I think that most kids are like this. I know that I was when I was their age.

As we get older, however, that excitement tends to fade. A penny by itself will buy pretty much nothing. Most adults tend to think of pennies as being pretty worthless. They are anything but. I’ll admit that pennies still excite me!

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Pennies are important building blocks. Five of them make a nickel. Ten make a dime. 100 make a dollar. When we get to dollars, we’re talking real money. Each and every penny that we find and pick up or earn in some manner is building block towards a better financial state of being. That’s why it’s important to get excited about pennies.

Think Of Pennies As Stepping Stones

I’ve already noted that pennies are building blocks. They can be important stepping stones to getting where you want to be. A while back, I read an article that got me thinking in this direction. Rather than pennies, it stated that millionaires are made $10 at a time.

Sometimes, we can make lots of pennies really quickly. This happens when we’re at work. When I started working, minimum wage was $4.25. I had it figured out that I made about 7 cents a minute at that rate. This meant that I earned a penny about every 9 seconds. I’d annoy some of my co-workers by stating things like, “I just made $0.21” after three minutes on the clock.

While $0.21 is not much to get excited about, the addition of many $0.21s over time started to build up. So much so that I had about $7,000 in the bank after a couple of years of working at a minimum wage job. In the interest of full disclosure, I’ll admit that I was in college and living at home. Still 7 grand for working part-time for minimum wage at McDonald’s wasn’t bad.

Many of my coworkers complained about the poor pay, and it was poor. However, I looked at my income in an optimistic manner. It gave me some freedom to do the things I wanted to do. It did’t take much for me to get excited about pennies.

The more pennies we make, but more pennies we can save. It was Ben Franklin who said that a penny saved is a penny earned. While pennies were worth more in Franklin’s day, the basic premise still holds true.

Get Excited About Pennies: They Help Build Passive Income

I’ve stated many times that my favorite type of income is passive income. I think this is the case because passive income comes to me whether I put in any effort or not. It’s just keeps rolling in.

Passive income trickles in whether I’m sleeping or working hard. My passive income from dividends started out at $0.02 a day when I first started tracking it. Rather than get frustrated that I only made $0.64 in a month, I looked at the $0.02 a day that I made as the start of something great.

Now, I’m making much more in terms of passive income, even a dollar or two a day in most months. It takes time and, yes, pennies, to build this passive income. My passive income growth is documented by my monthly dividend income posts. It’s been growing at a good clip.

Dividends are usually stated in pennies. With the exception of companies with really high stock prices, most quarterly dividends come in at less than $1 a share. As an example, I own some shares of AT & T. These pay me $0.49 a quarter. That’s 49 pennies, quarter in and quarter out.. The dividends from one share won’t pay for much, but if reinvested, these pennies can start to build momentum into something pretty amazing.

Those who own as few as 180 shares of AT & T could pretty much pay for the lowest priced cell phone plan from Cricket Wireless (owned by AT & T), which is $30 a month. That’s a pretty awesome concept, if you ask me. This would effectively constitute free cell phone service, all from a buildup of pennies.

Over time, enough pennies could actually fund your entire lifestyle. That’s really something exciting.

How To Make A Few Extra Pennies

Now that you’ve read up on how pennies are important stepping stones to the life that you want, you might wonder how you can make even more. There are pretty easy ways that you can make a few extra pennies online in your spare time if you don’t want to get a part-time job flipping burgers.

I’ve written several articles for the online freelance site Textbroker. For most of these articles, I’ve earned 1.4 cents a word. These pennies have added up to several thousand bucks over the past five years or so. Many times, I can average more than $20 an hour if I find jobs that I can complete easily.

Not everyone can write coherently though. I also have recommendations for these folks. There are many ways that you can make money online. Two of my favorites are Swagbucks and EarnHoney. I can earn by searching the web and answering some easy surveys on Swagbucks and by letting videos play passively with EarnHoney. It’s a few pennies here and there, but I cash out some of these pennies each and every month.

With the money I’m bringing in from letting videos play, I’m buying shares in stocks like AT & T that pay me even more pennies. I’ve also put this money toward paying off debt in a more accelerated fashion. This is what allows me to get excited about pennies. I’m improving my financial situation with each and every penny I get.

I’d urge you to get started looking for ways to pick up a few dollars worth of pennies each month. How much could an additional $25, $50, or even $100 each month help you out? It takes a new mindset to think of pennies as worth the trouble. Get excited about pennies!

Be Sure To Follow My Updates

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter.  I’m now above 300 followers, and I’d like to get more than 400 by the end of summer. You can help!

Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances and show them some easy ways that they can do so. Just click on the “Share This” link at the bottom of this post!

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

Pennies

Online Income For June 2017

Every month, I put in some effort to earn money online. This online income helps me balance my budget and do things that I would otherwise be unable to do. As I’ve noted before, I started looking for ways to make money online after my first child entered the world. I did not want to spend countless hours at a fast food joint or at Wal-Mar or some other such retail establishment.. Maybe I could’ve been able to make ends meet, but I’d miss many hours that I could have been with my kids.

I had Internet access, and I started to research. Some of the options that I came across over a few months and years of looking were blogging, surveys, and freelance writing. I’ve utilized many of these options, and I’ve even reviewed some here. I continue this process each and every month. My goal is to pay myself first. Other goals relate to paying off debt and making up shortfalls that might arise in any given month.

Hopefully, if I can continue to earn money each month and build it up, I’ll be able to have a solid retirement in a few years. I also track my passive income on this site so that I can keep myself accountable and encourage others.

Why Track Online Income

When the Internet first became popular, I heard about people making money. I figured that these people had computer engineering degrees and lots of skill. My experience with computers included failing to get my programs to print to the print server in my one and only computer class. I did not have any interest in learning about these cantankerous machines that did not work when I wanted them to.

Keep in mind, this was in the days of MS-DOS. One mistake in a long line of code totally destroyed anything that you hoped to accomplish. It totally frustrated me and made me hate computers.

Online income can help you fill up a suitcase full of money
I didn’t make a suitcase full of money, but I did make some.

As the Internet gained in popularity, and I found myself in need of more cash, I started searching. My first attempt to earn money was a blog. It did not make much in the way of money. In fact, it took more than 5 long years to get paid from my ad network. I quickly looked to other options.

However, that first blog was a great learning experience. I figured out the fact that you do not need to have a great deal of computer knowledge to start a blog. This blog, Earn Money In Pajamas started about 3 years later, and I started making a bit of money almost immediately.

I track my online income for two reasons, and they are much like the reasons I track my dividend income.

  1. It keeps me accountable and moving toward the goals I have.
  2. It might benefit others by showing them how to do the same, as many of the options are not zero-sum games where you earn and I lose. You can earn while I earn, and vice-versa.

Online Income For June 2017

I had several different income streams during June. Many of these were the same methods I used to earn money online in May.

The grand total of my online income for June came in at $312.94, which was just below the $355.22 that I earned in May. I’m still happy with this total, though. It allowed me to put away some into a retirement account. Some of the income also went toward paying down my mortgage, although I’m going to change that strategy a bit going forward as I’l elaborate below.

Notes On Online Income For June 2017

My earnings from Swagbucks were a bit skewed this month. I intended to save up for a large gift card for Southwest Airlines for a vacation. Therefore, I did not cash out as much as I could have. July’s total will be the biggest so far from Swagbucks because of this.

I decided that I should probably just cash out my Swagbucks earnings with PayPal so that I could earn some interest after transferring the funds to my bank. Future months should be more like normal. Swagbucks is my favorite site to use. I earn through my own work. I’ve also earned from referrals, and you can too.

If you’d like to start a blog to start building up referral and affiliate income, it’s pretty easy to do so. I’d recommend your using a self-hosted blog, which will take a bit of money to start and maintain. Free blogging software generally will not allow you to market as easily, though. I make a few bucks a month from referrals, and it’s grown over time. One of the best deals if you’d like to start your own self-hosted blog is through BlueHost. BlueHost has a great reputation, and the sites are among the most affordable to operate (only $3.95 a month for new users). If you’d like to start a blog with BlueHost, be sure to click the banner below to get started (affiliate link):

More Notes On Online Income

Another note that I’d like to point out on the earnings for the month is the fact that I just started using EarnHoney toward the end of the month. This site allows you to earn passively by just letting videos play, even while totally muted. This is something that’s pretty unique, and I anticipate earning some money from the site each month going forward.

Finally, I’m loving Ibotta. I cashed out again in June, and I paid the $25.75 as an accelerated mortgage payment. I’m looking to put it toward some debt from grad school from now on, and some additional income toward debt will hopefully help me pay it off faster and faster. I really recommend this app, because everyone has to buy groceries. Ibotta basically gives you a rebate on these purchases. Score! You can sign up for Ibotta with my link here.

My New Strategy For Online Income

Most of my online income has gone toward investments in the past couple of years. I’m still going to pay some of it to my future self, but now, I’m planning to use some of the excess income I bring in toward paying off debt other than my house. My mortgage is the only debt that I can hold that gives a tax break. Therefore, it benefits me more to pay off other debts first.

I still owe a bit on my education. If I kept up the current payment rate that’s just above the minimum, I’d take about 8 or 9 years to pay it off. I’d like to pay it off in a fraction of that time. Therefore, the early mortgage payments will stop. The investments will slow down. I’ll keep up with how much extra I put toward debt as a result of my online income from here on out . I already put $25 extra toward it in June. 

Some Reviews You Might Find Helpful

  1. EarnHoney Review
  2. Swagbucks Review
  3. GiftHulk Review
  4. CashCrate Review

How did you earn extra money online during June? Do you have any other options that worked? Let me know in the comments.

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter.  I’m now above 300 followers, and I’d like to get more than 400 by the end of summer. You can help!

Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances and show them some easy ways that they can do so. Just click on the “Share This” link at the bottom of this post!

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

 

Pennies

EarnHoney Review: Can You Earn Money In Pajamas?

Back when I started working on Earn Money In Pajamas, one of the things that I was really interested in was making money online. Millions of Americans live paycheck to paycheck. This makes extra money a must. Side hustles are a great way to make some additional spending (or saving) cash. I’ve reviewed several websites that allow users to earn money without leaving home. Here is one of the newer sites that I’ve found. Read on for my EarnHoney review. Please note that some of the links on this page are affiliate links, so I may be compensated should you sign up using them.

EarnHoney is, in some ways, much like many of the other sites that allow you to earn money online. In other ways, it’s different.

Signing Up For EarnHoney

What EarnHoney review would not discuss the ease (or lack thereof) of signing up for the site. Getting an account on EarnHoney is quite easy. Basically, you need an email address and a password. A username/account number are auto-generated by EarnHoney. There was no request up front for an address or birthday, so theoretically, a 10-year-old could sign up. Once you put in this information, you’ll be able to get started earning money in pajamas. There is a “survey” that you have to fill out before getting access to other surveys. I’ve yet to do it, and I’ve already cashed out.

Please note that only residents of the US can actually earn money on EarnHoney right now. People from other nations can sign up, but they will not have any offers available to them. Since I’m a resident of the US, I’m good to go here.

How Can You Earn Money On EarnHoney?

There are several options when it comes to earning money with EarnHoney. You’re not actually earning cold, hard cash, but rather a digital currency known as HoneyDollar$. You can use these to get cash, but I’ll go into that in a bit.

EarnHoney review of HoneyDollar$ earned
Here is the HoneyDollar$ page that shows how much you’ve earned

This is the earnings page, and it’s an important part of this EarnHoney review. If you’ll notice, it shows how many HoneyDollar$, also known as HD$, I started today with. It then goes into how many additional HoneyDollar$ I’ve earned today with a breakdown of how I earned those HoneyDollar$.

Now for how exactly you can earn some ducats on EarnHoney. If you’ll look at the left edge of the picture above, you’ll see “Earn” with five options below it. The offers are much like some of those available on other similar sites like Swagbucks (my personal favorite). Think in terms of Peanut Labs if you’re familiar with Swagbucks. To be quite honest, I have not yet gotten to the “Give Opinion” part of the equation, as I’ve not yet given the information necessary to access more surveys.

Review of Ways to Earn Money Watching Videos On EarnHoney

What I have used to earn money on EarnHoney is the Buzz TV, Watch, and Play Games options. There is only one game. It’s an addictive 2048 game that requires you to move tiles around a grid to try and multiply the numbers up to 2048. I’ve not been successful at getting to 2048, but I have earned money from it. The money comes from ads that show while your playing the game.

The Buzz TV and Watch links basically allow you to watch videos with ads at the beginning of them. Advertisers pay EarnHoney for showing ads to the site’s users. EarnHoney then returns some of this income to those who watch.

Earn passive income with Buzz TV
Buzz TV is a way to earn passively.

I’ve been letting the auto videos play to make most of my HoneyDollar$ thus far. You click the link, and then get sent to a page with a video that gives instructions of where to go. If you want to skip the instructional video, you can just clink on the “Go There Now” link. This will take you to either a Facebook page with a link to “Watch Videos, which is pretty explanatory, or a Google search results page. You can literally click on any of the links on the Google page and the videos will start playing.

The coolest things about these videos is the fact that they have an autoplay feature that will keep on keeping on as long as the box is ticked. It’s been ticked automatically each time that I’ve gone in, so I don’t think you’ll have to do anything to get the videos to continue playing.

This is cool because you literally have to do nothing after clicking on a link to watch the videos. They will theoretically play and continue to pay until you hit the daily limit. Then you could start on another of the Buzz TV options. This is about as close as you can come to passive income on the web, and as I’ve noted before, passive income is the best income. This is my favorite part of this EarnHoney review.

How Much Can You Realistically Earn With EarnHoney?

This EarnHoney review would be nowhere near complete without explaining how much you can actually earn on the site. The site claims that you can make between $2 and $6 a day. The earning goes slow, I’ll be the first to admit. You’ll usually get between 0.2 and 0.5 HoneyDollar$ per video or game. One HD$ basically equals a cent. Immediately after signing up for EarnHoney, you’ll get an option to watch an instructional video that pays 30 HD$. It’s all of a minute in length.

However, keep in mind that you’ll earn from the Buzz TV videos without doing anything. I’ve actually earned about $0.10 an hour while taking a nap and taking the kids to the pool. I’ve earned the same watching Mountain Men on The History Channel while letting EarnHoney do its thing.

Admittedly, this is pretty low, but it’s pretty much completely passive. I don’t do anything other than click a link. You could use this money to save up for Christmas presents. It’s also possible that you could use it to pay down debt more quickly. Finally, you could add your EarnHoney earnings to your investment account to allow the passive income to make even more passive income. Remember the power of a dollar and how just an hour a day can add up to some serious money over time.

If you’re worried about the cost of the electricity for your computer, it costs about $8 a year to charge a laptop. A tablet would take even less. You’ll come out ahead of the game using EarnHoney for passive income.

What Can You Get With Your HoneyDollar$?

This section of my EarnHoney review will look at what you can actually get with your HD$. There are basically four options. When you get up to 200 HoneyDollar$, you can get a $2 Amazon e-gift card. This is available only on the first redemption. Afterward, Amazon gift cards come in $5, $10, and $25 denominations. You’ll get a 1% discount by redeeming with Amazon.

Secondly, you can use your HD$ to get a Visa Debit card. These come in the same denominations as the Amazon gift cards, plus $50 and $100 options. You’ll also get a 3% discount when you redeem for the Visa Debit cards.

Third, you can donate your HD$ to charity. I’m not likely to do this, but it is an option. You can only donate 500 HD$ at a time, and you have the option of giving to well-known charities like the United Way, World Wildlife Fund, and the Salvation Army.

Finally,  you can use EarnHoney to get PayPal cash. I utilized the Amazon $2 option for my first redemption to see if it would actually work. It did. EarnHoney pays out twice a week, Monday and Friday. I redeemed on Monday, and got my e-gift card on Thursday evening. It was Friday somewhere, I’m sure! I plan to use the PayPal option from here on out, as I can easily put the money in an emergency fund or an investment account from there after transferring the cash to my bank account. $5 and $25 options are possible with PayPal.

EarnHoney Review Conclusion

So, in the final analysis, what EarnHoney review would be complete without a recommendation or lack thereof? You can definitely redeem your HD$ and get what you’ve ordered. I got my $2 Amazon e-gift card when the site said I would. Therefore, it does not appear that EarnHoney is a scam.

The earning is slow going, as most of the online survey and GPT options are. However, this site is unique among those that I’ve used because it allows you to earn pretty much passively. I can let videos play with ads while I’m cooking lunch or sleeping. This truly is one of the best options for earning money in pajamas. You can sign up for EarnHoney here if you’d like to start earning passively.

Other Reviews For Earning Money In Pajamas:

Earn Cash And Rewards With Swagbucks (I just passed $1,700 in lifetime earnings with Swagbucks)

Earn Money With CashCrate (I’ve earned more than $1,000 with CashCrate)

Earning Money In Pajamas With GiftHulk

If you’ve found this review helpful and would like to get further updates, be sure to sign up to follow the site. You can also follow me on Twitter. I truly appreciate your support.