Erasing Debt

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.

 

Erasing Debt

Online Earning Report–February 2014

I’m now in my second year of tracking my earnings online to help people see how it can be done. I’ve now earned over $5,000 in the past 14 months. I set a goal of $5,400 for 2014. I started out the year very strongly, earning $597.33 for January. I continued my work during February. This month is the shortest of the year, so it can be difficult to keep up with online earnings. I still did pretty well. Here are my earning streams. Unfortunately, little of it was passive income, although I’m building up some accrued income that’s not been paid out yet and should be in the next month or so.

Freelance writing: $480.33

Swagbucks: $25.00 (sign up for Swagbucks here–I could earn a referral commission)

Bing Rewards: $3.00 (sign up for Bing Rewards here–I could earn a referral)

MTurk: $3.00 (sign up for MTurk here–there is no referral program with MTurk)

My total earnings for February were $511.33. When added with my earnings for January, I’ve earned $1,108.66, which is 20.5 percent of my annual goal with just 16.6667 percent of the year completed. That means I’m ahead of my goal for the year.