Extra income report – May 2018.
May finally gave me some good weather. At last! It’s been such a long winter and having some real warmth at last has been incredible; it’s put us all in a fantastic mood. Really, there haven’t been huge strides in side hustles this month, but there’s been a balance between clearing unwanted stuff out of the house and getting on with our creative work.
I started focusing on my art again, which has made me tremendously happy and will hopefully pay off down the line!
Here’s a breakdown of our passive and side hustle income for May.
- Sales – £97.06
- Coupons – £0.62
- Online Earnings – £3
- Interest – £155.35
- Blog – £31.12
My rules for calculating our extra income.
What do we include?
Cashback, bank interest and incentives, dividends, bonuses, competition wins, discounts earned through loyalty points, voucher codes or special activity, found money (substantial amounts), gifts, tax refunds that would otherwise be unclaimed, earnings from online or offline sales, as well as earnings from surveys, apps and freelance writing work.
What doesn’t qualify?
Our salaries, regular sale refunds (such as buying something and then returning it), discounts on items in store or online that are available to all, general estimates of what we could have spent but didn’t – such as reducing a bill and calculating what the difference would have been.
Here’s our income in detail:
Etsy kicked in where eBay slowed down, which was a nice surprise. I’ve diversified my product ranges and that’s definitely paid off. Funny how a year ago I’d have been a bit more ambivalent towards Etsy but now, I’m totally sold! You can start your own shop with 40 free listings by using this link.
Happily we got another boost from selling our old Renault Clio for scrap for £80! More space on the drive and more money in the bank is a winner.
So much hanging around and waiting for Nationwide to throw me some interest! Well, it took a year in all but it paid off: £150.29 from one single regular saver.
I’m a believer when it comes to regular savings accounts, as the drip-feeding means you don’t feel it as much as a lump sum, but making those regular payments makes you feel as though you’re building something up, and you’re less likely to make sneaky withdrawals.
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Only one Pinecone survey this month, which was paid at lightning speed (they’ve got a great record of fast payment). I also did a few Prolific Academic surveys but I’m waiting to build up my payout – maybe next month.
62p APG coupons are really nothing to write home about, eh? It’s not a lot to write about in a blog either but I do try to include everything!
There’s no cashback this month, but I have a feeling that’s down to TSB’s never-ending issues. It’s disappointing as it will mean going to some lengths to complain over a small amount, but more importantly, the trust I had in that bank has withered significantly.
So slow… but so busy. Whilst I didn’t take on a lot of paid work I did a heck of a lot, setting up yet another blog (madness) and letting one domain expire altogether. I’ve been turning down a lot of unsuitable work as well, but that’s part of keeping to the rules I’ve set for myself.
I made about £31 but poured my time into my side blogs, which will hopefully tie in together in the future.
That’s all for this month…
A quieter month, boosted by my big interest payment. Sometimes a bit of patience can work wonders! I highly recommend setting up a regular savings account to help you save up an emergency fund or project fund.
Over to you.
What side hustles have you tried this month? Let me know in the comments!
How did this year compare to last year?