In Budget Roundups, Money

March 2020: Income Budget Roundup

THE INCOME = $33,066.39

Day Job: $27,502.02

Got fired, so .. bye bye income.

I was recently let go (as were 250+ other consultants) from a massive project, as it got cancelled due to the virus. This was beyond unexpected because they had already sunk so much into it…

This will be $0 until… the foreseeable future.

Side Income: $5564.37

These are my main income streams for my side hustles (i.e anything that isn’t my day job). I have been working for a while since 2013 (even earlier) to try and get this to be a more stable, solid replacement for my living expenses so I will never have to sell my investments again to live.

I lived through a horrific time in 2009-2010 when I was stressed AF and had to slowly sell my plunging red investments just to live.

I vowed at that point in time, to never do that to myself again, and started building up a side hustle.

What’s “side income?”

So ANY income is considered a side hustle. I may not necessarily take out all of the money when I make it (e.g. Lending or Dividends get reinvested back in), but I count everything.

Also, any income that was otherwise extra including stuff I’ve won, gift cards, I include all of that as income even if it is “one-off”…


Why so many?

The average millionaire has 7 income streams, and currently I have 12 going on at any given moment, but combine them under categories for instance (e.g. Blog has 3 streams, Bank promos and interest have 2 streams)…

  1. Blog: $2189.20
  2. Bank promotions and interest: $128.69
  3. Cashback: $63
  4. Dividends: $1424.14
  5. Resale: $610.08
  6. Lending: $744.41
  7. Swagbucks: $94.47
  8. Other: $310.38

1. Blog: $2189.20

Advertising: $998.87

Affiliate: $1135.54

Products: $54.79

All of this income is fickle

Honestly, I try not to rely on this. One month, people are buying or using your affiliate link, and another month, crickets.

The key is just to try and get everything up at once, working hard to make them all viable sources of income so that when one lessens, another can pick up

How do I make money off the blog?

http://www.monumetric.com/referral.php?refid=2025

I am with Monumetric, an ad network and they give a pretty decent rate of pay, on par or better than other networks. My referral link for them is here.

What do I use to manage my blogging / social media?

I am only active on 3 main platforms because I cannot handle more than that alone:

The ONLY thing I pay for in terms of social media management, aside from webhosting fees etc, is $15 a month for Tailwind Plus – a social media manager. This service has saved my life for social media management and without it, I couldn’t do my day job, my personal life, my blogging life AND social media life / postings. If you use my referral link, you can try out one month of Tailwind Plus for free.

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

2. Bank Promos / Interest = $128.69

EVERYONE. DROPPED. THEIR. RATES.

The passive income I get from bank interest is 2.74% on my cash savings, for now from Tangerine on promotion until June 2020, so that’s where it’ll sit.

Hopefully Tangerine won’t roll back that promotion but I am not ruling anything out.

After that promotion is over, then I will switch over to the highest bank at the moment.

I use discount brokerage Questrade for all my RRSP, TFSA, Margin and RESP accounts:

That bank promotion from November? STILL HAVEN’T GOTTEN PAID, no thanks to ScotiaBank. I am calling and squealing today.

3. Cashback = $63

I can’t even believe it took me this long to trust/believe in this sites, but I use:

Money is money.

I also use credit cards to get cashback, and my main card is the Rogers World Elite Mastercard with 3% cashback on forex (foreign exchange) purchases and 1.5% cashback on everything else.

They dropped from 4% forex and from 1.75% chasback to 1.5% but is still the best card in general for me out there.

I got $63 back from them as a result (which you see above).

4. Dividends: $1424.14

Looking at 2020 versus 2019, I am doing much better.

A decent payout this month! My original goal was $12,000 a year but you know what, with the way things are going, some companies are cutting dividends so … I originally had $15,000 in my reach, but now it may really just be $12,000.

This is my original mini dividend project details and my dividend short list of stocks I was looking at to buy for Canada and the U.S.  Here are my goals for dividends for 2020.

Also I am all about the DRIP*! I always reinvest back my dividends into buying more stocks and shares.

*Dividend Reinvestment Program.

Even though I’ve been fired, I am not stopping dividend reinvestment. My money will go back into buying more shares during this time, so I am not relying on it as a living income.

I’ve been building this up since 2013:

5. Resale = $610.08

I am selling items off from my wardrobe using Poshmark:

Now that I have plenty of time at home in self-isolation I will be listing more, deleting listings and redoing them properly… This is something for me to do after I go through the list of other things I want to get done like backup my laptops, etc.

6. Lending = $744.41

I am currently doing private lending via a website called Lending Loop:

With the virus, people are on grace period. This is the nature of the beast because when the economy dips, so do small businesses. Honestly, this is what investing is all about too.

I am going to stick in there, I only have about $16,000 lent out, and it won’t cripple m even if it goes to $0. Or so I say to myself because I’ll cry if it does.

7. Swagbucks = $94.47

This will get ramped up next month! I will have more time anyway.


  • Swagbucks: Use my referral link to get 300 Swagbucks but only once you earn another 300 Swagbucks doing surveys etc within the first month. You need only 750 swagbucks to redeem it for $10 from Paypal. I made about $60 a month on average clicking on surveys while on conference calls, etc.

INCOME GOALS FOR THE NEXT MONTH

This is my total income year to date for March: $92,321.61

Well. No more day job so.. let’s see if I can live off my side income that is actual cash in my pocket, so out of my incomes:

  1. Blog: $2189.20
  2. Bank promotions and interest: $128.69
  3. Cashback: $63
  4. Dividends: $1424.14
  5. Resale: $610.08
  6. Lending: $744.41
  7. Swagbucks: $94.47
  8. Other: $310.38

So dividends stay on a DRIP, and lending, continues being lent out.

At least, I thought about this back when I was stressed out about not getting a contract for 2 years, and vowed to not be reliant on my day job at all.

My side incomes have been growing since then because I needed to be self reliant.

And even just looking at 2020:

MORE NOTES ON WHAT I USE

If you are interested, my money is parked here:

  • Tangerine: Currently on promotion at 2.74% !!! Use my Orange key { 32726976S1 } for free money (You get $50 once you deposit $250; and I get $50 too).
  • LBC Digital: Used to be great. Now it is 2.25%
  • EQ Bank: Now at 2% …

…credit card extra rewards cashback savings here:

..and invested here:

…and I list my things for sale here:

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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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