10 Side Jobs to Make money & Help Pay Off Debt

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There are times when we have to realize that our paychecks will only go so far. After penny pinching to make you budget work, you still might be living paycheck-to-paycheck. This type of lifestyle is bearable for a time but not ideal long-term. In order to accelerate your financial goals, additional income may be the resolution you need. But who has extra time? My response to those who approach me with such an inquiry is to ask them about their daily activities. If you missed one episode of your favorite show or had lunch at your desk twice a week instead of out with friends, could you commit 1-2hours/ week to get financial free? Let’s do it!

Seasonal Retail Jobs – Pet Sitter/Dog Walker

These two are self explanatory! My suggestion, sell where you shop and watch the animals you like best (cats vs dogs). You can even search for positions online!~

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Home Health Aide

This position can also be called a Patient Care Technician an often require no training or experience. What is the ideal person great for this job? If you are looking for a flexible schedule and are patient enough to assist the elderly and/or disabled with everyday tasks, you can make this position work for you! There are a variety of companies that often post for these jobs and rightfully so! Many people who get these jobs, because they do not require training or experience, are not necessarily interested in working in this field long term…and their attitude on the job shows it! Get your attitude and patience in order, make sure you can lift a small person, and keep your personal vehicle serviced in order to pull off this type of employment.

Referral Programs

Companies such as Ebate, Liberty Tax, and ADT Security Systems offer programs you can join for no/low cost in order to make some extra money. They actually pay you promote their services with fairly easy to use tools and instructions. That means, you’d take the time to sign up and discuss what they have to offer to a potential customer – a neighbor who just suffered from a break in, has collectibles in their home to sell, or recently divorced without a clue on how to file their income taxes. There are other services that although you may use them for discount shopping, travel, or managing your health, if you were to refer 5 other customers you’d get your own service for free each month. This could provide you with automatic savings monthly which can add up very quickly.

Tutoring

You do not have to me a Math whiz or finance major to make some extra money as a tutor. We have to thinking of entrepreneurship as a way to help others do what you know how to do naturally. Tutoring is a good example of that. Are you bilingual? Are you aware of the many organizations looking for YOU? At times companies exclude other required skills like a degree and experience in order to hire someone with the language skills their industry requires. Offer tutoring first through your contacts in your industry or even businesses you frequent in order to build a great resume for tutoring. Not sure of how to get started? I obtained an English degree because I thought I’d be teaching high school English in the Chicago Public School system. Obviously my plans changed but I continue to offer my proofreading, editing, blogging, and content management services as a consultant.

Home-Based Business

There are many options for home-based businesses to choose from. My advice would be to look into possible opportunities that come natural to you. Are you into making other women feel beautiful? Research Direct Sales companies such as Avon and Mary Kay. You can often get started for under $50 without requiring you to purchase equipment or stock. Are you a coffee lover who’s health conscious? Do you have a network of business owners and entrepreneurs? Are you looking to lose weight? Want to offer an innovative way for your church to keep in touch with contacts? Do you enjoy traveling and saving money while you shop your favorite stores? Believe it or not, you can promote all of the above products and services under one company! Join my team for my consistent support, training, and the possibility of residual income.

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Virtual Assistance

Although I’ve dabbled in virtual assistance, I did not know there was an actual term for it! These skills are for those who have a knack for customer service, email management, document management, organization, and the typical office duties of almost any company. I would suggest offer to ‘help’ and organization with an upcoming project and set an hourly rate that you would expect to work on the project with a projected end date for the client’s needs. This could be arranged based on your financial needs or the requirements of the project in question. You can then ask the client to be a reference and continue to build on your resume. This make cost you extra time on the phone, the need for a home office, or additional an additional data plan for your smart phone.

Virtual Garage Sales

Ebay has an interesting option for those seeking to get rid of the clutter in their home. Of course, their system is proven and shipping is attached to the entire process which makes it easier than ever to sale items online. There is no need to necessarily ‘market’ your product. Instead, just posting a picture detailed description can be enough for a customer. Another avenue is to join local Mommy groups on facebook where Moms trade, sell, and purchase items all the time. Some groups are sponsored by a local hospital, medical center, social service agency, church, or nonprofit. There have been times when a co-worker of mine was selling an item I was interested in for my daughter and the only way I knew was from her post online! We do not always have time to discuss everything we need or everything we have with everyone around us – this is where these groups are extremely helpful.

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Etsy & Flea Market/Community Farmer’s Market

If you have a skill for making things that other people could or just find completely enjoyable, this option is one for you! Although many crafty people I know attend Flea Markets, they lack an online presence. Etsy is another option for posting and sharing your products and many customers are already waiting to buy crafts and unique gifts. This is also good for people who are not so social media savvy to get a full website together. It is also a great way to involve family and friends who are not local but still want to support your business – just send out the link to your Etsy page!

Well there you have it! My top 10 side jobs to make money & help pay off debt. Let me know if you pursue any of the above. I’d like to get your feedback at ladiSims55[at]gmail.com to celebrate with you as you pursue your financial goals!

~be blessed

Let me know how I can improve your world~

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Controlling Your Credit Score: Procrastination Bites!

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Paying credit cards can seem like such a hassle. At times we often put such things off or simply pay the minimum balance due each month just to keep the collectors off of our backs. It is important to remember, however that the debt is ours to pay…often times with interest! That being said, you do NOT want to wait until you are in the market for buying a home to take a look at your credit report and score. Your credit report can take years to get under control, therefore start NOW! Grab your yearly free credit report and review everything. Make sure that all items are actually yours and seek professional assistance if you are not sure of any charges. Identity theft might also come into play so you want to be sure that you know what your credit report says. If anything is false or incorrect, you have a right to dispute and remove such items. There are laws in place that protect consumers from such threats.

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The next thing to do is to look at your credit score. It is a sum total of all of your financial behavior and stewardship – yes you are graded on your financial stewardship. This is what lenders look at on whatever document you provide your social security number on, such as mortgage application, vehicle leasing applications, renting applications, credit card applications, home security applications, and so on. When applying for such things, as quickly as it seems to take, you are placing separate inquiries on your credit score and it WILL continue to go down until you stop applying. Ironic isn’t it? Here you are with decent a credit score – between 720 and 800+, and you are applying to lease a car or home and yet with each application and credit inquiry, your score goes down a little each time! There is a difference between a ‘hard inquiry’ which will affect your credit score and a ‘soft inquiry’ which will not affect your score. Before providing the completed application, it’s in your best interest to inquire which type of inquiry the lender is pulling. Most times however, it is a hard inquiry bringing your credit score down with each application.

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It is important to remember that your payment history alone makes up 35% of your credit score. This means that any time you miss a payment or are perpetually late; your personal credit score goes down. What does this mean for you? If you are looking to apply for more lines of personal consumer credit or looking into making a larger purchase that requires a lease or inquiry into your credit history, the majority of the final review will be base on how often your pay your already acquired credit on time.

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Since it takes such a long time to credit the perfect credit score, you want to be sure you are executing behaviors that work in your favor. The best I can explain it is that when your finances are going well, use this time to be sure to keep your payments on credit on time if not early. Four to five days early is best, especially if you have any credit established in a business name. Don’t know how to do this? Subscribe for info on one of my upcoming FREE webinars.

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~ladiSims

For the Young and Ambitious

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As a new Mom entering my 30’s there are some things I already have practice at…budgeting is one of them! Having to deny credit card offers, lease a car, purchase life insurance, shop for medical coverage, and research additional income strategies allowed me to look at my funds differently – more like an asset and investment than spending it on stuff I need and want constantly. On the other hand, if I had to walk into motherhood at the same time I was entering college, I would have probably been a wreck! At that time, I had very little money to manage and was not used to the responsibility of paying bills, balancing a check book (do people even have to still do that?), and shop around for savings.

Your teen years are good for exploring interests and starting your paths toward adulthood. You are still seeking guidance from the adults in your world and should listen in on their experience. The wisdom of elders in our community is a must for success, by the way. You want to remain humble and coach-able throughout your path toward success. One of the ways to remain coach-able is to walk out of your teens with some sense of direction…you’re not expected to know everything!

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It is in your 20’s that you are a full on adult. No one expects you to still be living at home with your parents nor purchasing your dream home – you’re smack dab in the middle of your career and family life. It is also during these years that experts say its best to start developing the habit of investing and saving. The importance and habit of investing and saving are essential to a profitable portfolio. All of the comparisons I see are based on the age of the employee saving, usually a 20 something versus a 30-40 something year old individual. Risk is also so much scarier when you wait too late to save. This is why it is so important to start as early in your career as possible – you are more adventurous when you aren’t so close to retirement.

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During your 20’s however, you are not truly immersed in preparing for your future – you are still figuring out your career, possibly finishing up your education, and looking forward to building your family. Now add to the list your knowledge of investing and saving. Even if it is the smallest contribution, remember your pennies can grow! There is no need to worry about retirement, necessarily, but you need to research your options. It also helps to find out what benefits you want in a position you are looking for. If the job pays well but has no 401k or medical, it might not be worth the pursuit. Can your company support your ambitions in education and professional growth? If not, you might nee a Plan B. Are you looking into starting your own business? The research should begin as soon as possible – there is no time like the present! A practical and valuable resource for investing can be found here.

~ladiSims 

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~ladiSims

 

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I wants…

So, last week I told you that we took Super F to see Marvel Universe Live as part of his birthday gift. Well, we splurged a little and got really good seats, so on the way in to see the show, I mentioned to him that we weren’t going to purchasing any souvenirs during the show, and that I didn’t want to hear any begging. He agreed. So, we walk in and are immediately inundated with souvenir stand after souvenir stand on the way to our seats.

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Super F immediately asks for a plastic sword. We tell him no. We walk past the next stand, same request. Repeat 5 more times as we make our way to our seats. I gently explain to him how much time I would have to spend at work to make enough to pay for the sword. That gets him thinking for a few minutes and he stops asking about it…until intermission, when the vendor walked past our seats selling the darn sword again!

How do you handle souvenirs and the “I wants” with your kids at events like this?

P.S. He did NOT get the sword…

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O.P.M.

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Moms are awesome! We can take care of just about anything. From the bassinet to the boardroom, we become superheroes. Every now and then however, a little help can go a long way…helping us work smarter instead of harder. This is not prohibited from entrepreneurship.

Our society is molding more female entrepreneurs than ever before and we are taking over whole industries! Whether in direct sales, network marketing, consulting, remote services, or human services, women are dominating business in a major way, and it couldn’t come at a better time.

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During my employ for the past 6 years in Workforce Development, my clients found themselves unemployed for a variety of reasons. Many people assume that if you need public assistance or unemployment, you do not want to work or that you’re just interested in a hand out. I literally had to sit my clients down and explain to them that it was important for them to take advantage of the assistance available to them in order to feed their families, stretch their paychecks, or start a new life. I encouraged them to use the services that way they were initially designed, as a temporary fix.

There are a variety of systems set in place created to help the common man, and entrepreneurs are no different. When looking to start a business, many will simply go broke and bankrupt trying to get things going. Instead, go along with experts who know your field better than you do. An entrepreneur may have a passion, product, purpose or patent but not have a red cent to back it up. If this is you, you are not alone.

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For many entrepreneurs, funding can be very tough to obtain. Learning to juggle your marketing, production, demand, and customer service can be tough…but definitely possible! One area that I am passionate about providing support for is helping you fund your business. No I am not talking about a payday loan or get rich quick scheme – but something that many of us shy away from because we feel we can do everything ourselves… other people’s money (O.P.M.)!

Although some startups tap into a team of financial gurus who can raise funds with ease, many of us still struggle and need some guidance. Get guidance from a number of specialists in the field instead of just one bank or lender at a time. There are shortcuts to finding the right source of funding – especially if you are already disciplined in your operational costs and corporate spending.

If you are looking to expand or start your business and still struggle with financially backing your mission, take a look at our exclusive system. This system was created with the busy entrepreneur in mind. Only those seeking substantial growth need apply – this is not for the fly-by-night hustler.

~ladiSims

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ladiSims1

ladiSims is a Workforce Consultant committed to “ Monetizing your Mission: Saving and increasing revenue for job seekers, entrepreneurs, and small businesses through empowering employment readiness, social media marketing, and discounted operations. She has over 6 years of extensive experience in social services, workforce development, small business development, recruiting and case management. She serves a variety of job seekers, including veterans and disabled adults, with finding employment and adjusting to career changes. Many of her clients seek to transition into new careers with financial and educational barriers hindering their success. ladiSims also shares resources, teaches Employment Readiness, and provides solutions for small businesses in her community. Born and raised in Chicago, IL, ladiSims has a passion for helping people progress towards their career, family, and entrepreneurial goals – she is also an advocate for education. Her BA degree is in English with a minor in African America Studies from SIUC where she also studied creative writing, journalism, and education. She also has a Master’s in Urban Planning and Policy (MUPP) with a concentration in Community Development from UIC. Her ‘why’ includes her daughter Charlotte, 2 moms, 2 dads, numerous siblings, faith in Christ, and the youth of ChiCity. Among her peers, she is known for simplifying complex issues, offering conflict resolution, and being able to connect with individuals of various socioeconomic statuses, cultures, skill sets, & educational backgrounds. ladiSims uses her ability to create and maintain strategic partnerships to influence both rural and urban communities. Find ladiSims on Instagram, Twitter, and Periscope for more of her shenanigans!

Mo Money, Mo Problems…to Solve!

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Many times over, I have had the opportunity to revamp a budget for myself or someone else and have exposed ‘extra money’. This money, often times, is used for spending – we usually feel as though we deserve to spend it on ourselves. We do deserve to enjoy our income however I would encourage you to look into making plans for all money – including the seemingly ‘extra’.

Your ‘extra money’ can be something that you let run through your fingers or you can look to the future. If you think you are living paycheck-to-paycheck and do not have access to ‘extra money’, I have to ask about your spending. Do you eat fast food on a weekly or daily basis? Do you subscribe to cable or satellite TV? Are there things you spend money on monthly that are beyond the basic essentials? If you answered ‘yes’ to any of the previous questions, you are able to adjust your budget and get some ‘extra money’.

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What can you do with ‘extra money’? You might want to first secure an emergency fund. Your emergency fund is needed for the ‘just in case’ moments that you and your family may experience. It should be at least 3 months of expenses for your household that sits without being touched unless there is an emergency!

Ever thought about investing? It is not just for the wealthy! Banking professionals and financial gurus will tell you that in order to start investing you have to first be financially set. Being set financially includes budgeting for your expenses and saving for a rainy day. Your ability to save is often the key to having a mindset of investing. You want to be able to set an amount aside without touching it for quite some time in order to invest well and obtain a profitable return.

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Investing can be done in a number of ways. You can seek out business owners who may be in need of funds. You can take courses or attend workshops from financial institutions on the basics of investing into the stock market. There are also opportunities in network marketing, an entrepreneurial stream, or a type of passive income that may require an upfront fee- this too can be counted as an investment.

It’s important to remember that you are not only on this planet to exist but to fulfill a purpose. There are many people in need and who may lack the very resources you have in abundance. You can make a difference with your ‘extra’ by touching others around you, even in simply giving in order to meet a need. I encourage you to also think about others when spending that ‘extra money’. Where else would it be more effective?

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This message is not only for my readers but myself as well. Of course my goal is to be financially free – paying off my student loans and medical bills, but that is not all. I’d like to be able to give on a larger scale – providing wells in foreign countries and meals right here in the U.S. I would also like to pursue passions that I feel blessed to be talented with in order to earn my income instead of working a meaningless, purposely 9-to-5 making someone else wealthy. I would like to see my child taken care of and out of the public aide system. I would like to leave a legacy for my lineage and not just a long line of debt they never acquired. I’d like to do my part in our economy and invest in small businesses and entrepreneurs. What are you looking to do with your ‘extra’?

~ladiSims

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Wants vs. Needs: Prioritizing Your Budget for Balance

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Often times we can get caught up in our spending by confusing our wants and needs. What we’d like to do with our money and what we need to do with our money can sometimes be put into the same category. Sure, it would be great to shop whenever there is a sale, or go out to eat with friends after a stressful week at work, but what does it really cost? Our bills continue to pile up but when we look at our income, it seems as though everything should be taken care of.

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Our budget is not just a tool to keep an eye on what we earn but also what we spend. This is where a Spending Diary can help you understand where, when, and how much you tend to spend. Having a few drinks vs. not being able to pay your mortgage seems like an obvious issue, but is it really? Since much of our shopping can be impulsive and driven by emotion, we might not pay close attention. My initial response to emotional spending or retail therapy was to simply stop doing it! I would feel like I deserved a treat with all of my hard work to earn the money. It can’t all go to bills; I have to be able to enjoy my income right? No! This must end, I thought. I have to get a hold of this spending now or else I will be in a lot of debt! I know! I’ll just stop spending out of my emotions all together – if I do not need clothes, I won’t buy any just because there is a sale. If I am hungry, I will prepare meals to take with me – no need for bars or restaurants when it is much cheaper to eat and drink at home…right?

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After about a month of not spending outside of my essentials, I became angry and felt like I was missing out on something. People were shopping sales and bragging about the nice meals they had at lunch while I stuck to my brown bag all month. Sure I was saving money but at what cost? This is why I determined that my budget was essential to my balance in finances. My budget included the essentials to my household but nothing was attributed to my ‘wants’. Although this is extremely fiscally responsible, this is not a long term solution. If you are working a full time job and only spending on basic essentials and nothing else, you miss the joy of your labor. Just like everything else in life, a balance is necessary to make sure you are being responsible but enjoying your income as well.

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Since I was in a lot of debt (student loans, car payments, credit cards, etc.) a one point, going on such an extreme change with my spending for a month was actually a good thing! I would recommend it as an exercise from time to time in order to get your finances under control. I was able to catch up on some bills and really hone in on what was becoming an addiction for me. According to my Spending Diary, I ate fast food almost every day but spent the most on Wednesdays, Fridays, and Sundays. I also saw from my notes that I would often eat out after shopping for a long period of time, even after buying groceries! With this information I was able to note my behaviors and adjust. Instead of eating out so often during the week, I would pick 1 day a week (this later became 3 times a month) to go out and invite friends and/or co-workers. That way I’d have something to look forward to and could indulge with company – making it seem longer.  As far as sales, I would maintain a list of items I needed for a couple weeks in anticipation of a sale (there’s always a sale) and then go shopping for everything on the list.

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You can do similar activities in order to get yourself in financial shape! I urge Moms to be on the look out for their household behaviors and adjust as needed, a little tweaking could go a long way! You may be able to set an allowance for weekly or monthly spending. You may see an area where you’d like to invest into a way bring more money into the home just for retail therapy so you don’t touch household expenses. Maybe you have a business and are spending too much out of your own pocket to keep it running – have you sought out business financing? How did your Spending Diary help you adjust your budget for the better? I’d love your comments and feedback!

Liked what you read? Feel free to retweet and share~

ladiSims1

ladiSims is a Workforce Consultant with 6+ years of extensive experience in social services, workforce development, small business development, recruiting and case management. She serves a variety of job seekers, including veterans and disabled adults, with finding employment and adjusting to career changes. Many of her clients seek to transition into new careers with financial and educational barriers hindering their success. ladiSims also shares resources, teaches Employment Readiness, and provides solutions for small businesses in her community. Born and raised in Chicago, IL, ladiSims has a passion for helping people progress towards their career, family, and entrepreneurial goals – she is also an advocate for education. Her BA degree is in English with a minor in African America Studies from SIUC where she also studied creative writing, journalism, and education. She also has a Master’s in Urban Planning and Policy (MUPP) with a concentration in Community Development from UIC. Her ‘why’ includes her daughter Charlotte, 2 moms, 2 dads, numerous siblings, faith in Christ, and the youth of ChiCity. Among her peers, she is known for simplifying complex issues, offering conflict resolution, and being able to connect with individuals of various socioeconomic statuses, cultures, skill sets, & educational backgrounds. ladiSims uses her ability to create and maintain strategic partnerships to influence both rural and urban communities. Find ladiSims on Instagram, Twitter, and Periscope for more of her shenanigans!

What’s in YOUR wallet: The Bare Basics to Budgeting

A budget is basically a plan for your income. It can be used as a guide for how and when to save and spend money. When starting an effective household budget, a complete list of all income and expenses are required. Income from 1st, 2nd, and all side jobs/hustles are required. Don’t get paid consistently? Pick the smallest amount you’ve made within 1 month’s time. Total up your Net Income (this would be after taxes – no need to include gross since taxes are typically taken out automatically.)

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Your expenses need to also be laid out in front of you…in writing! Hopefully this is also shared with your family members so nothing is left in the dark and a sense of trust can be established and maintained. Your expenses should include EVERYTHING you knowingly spend money on throughout the year – this could be weekly, biweekly, monthly, or even every 6 months. The anticipated expenses should be planned in order to maintain control over your finances.

Your complete list of expenses can include anything you pay into. Savings, tithe, mortgage, insurance, child care, clothing, food, and cable are just a few examples of typical expenses. If you have miscellaneous items you pay into, include an ‘other’ section for the average amount for the timeline structure. Do not be afraid to add everything as this will help you focus on what you need and things you just want to have. Writing out your budget can be an eye-opening experience and should be used as a guide as you may have to revise it a few times.

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After your initial information has been written, do the math! Ahhh…doesn’t everyone just love math? Your total expenses for the month can be subtracted from the income in order to determine how much you have left over for a ‘Spending Allowance’. To determine the daily amount you need to earn in order to cover expenses, simply add up your monthly expenses and divide by 30 (average amount of days within the month). For the specific amount of salary you may require to cover expenses, add up your monthly expenses and multiply by 12 (total months within a year). For your records, you can even divide the yearly expenses by 52 (number of weeks in a year) in order to determine how much you need to earn per week (or divide the yearly expenses by 26 like I do for how much you need to earn bi-weekly).

Why all the math?

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I like to emphasize specific budgeting practices to my job seekers and entrepreneurial clients in order to make it clear to them how much they will need to earn in order to know, what I like to call, their “bottom number.”

I refer to a “bottom number” as the amount individuals need in order to maintain their lifestyle. This number can be used to concisely and confidently negotiate salaries, raises, or personal goals within their careers. Our “bottom number” helps us to know without a doubt how much we can financially survive on and even compare it to how much we’d like to earn – leading to our desired lifestyle.

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Coming from a limited income background, I often used my budget to manage my expenses as well as to create what I desired. I would create my actual budget and then an alternative one that would include family vacations, seasonal shopping sprees, upgraded car payments, and additional childcare costs (I used to want a large family!). You can do this as well! It’s a great exercise for imagining the possibilities and envisioning your desires that some say, will ultimately appear if your focus is consistent. We’ll see! Stay tuned and one day very soon I hope to share my success story with you once I reach my goal of becoming debt free!

Feel free to retweet, comment, and share!

~be blessed,

ladiSims

“Money can’t buy happiness, but neither can poverty.” – Michael Moncur

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Many people believe that having money is never a good thing! We are often torn between providing for our families, preparing for the future and trying to stay humble when accumulating wealth. The truth is, it’s impossible not to start to like having money when it pays all of your bills! What would it feel like to not have debtors calling you? What if you were able to pay off your student loans within 10 years instead of 30+? How would you like to see your child in a private school or pursuing college without signing off on tremendous debt? Yes, having money can solve a lot of problems we have in our society, including poverty and hunger. Resources are purchased with money not our kind hearts. Although our hearts lead us to give it cannot feed a family of four in an indigenous country. Without resources and the money to obtain it, many starving children will die. Without money for building wells and schools, thousands will get deathly ill and remain uneducated – unaware. Money is not all bad.

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I’d like to see a time where we welcome the balance between money and humility. In the US culture, we have tremendous opportunity to obtain wealth and even spread it around. Besides just having a job, we have thousands of entrepreneurship opportunities, not to mention public assistance and unemployment when we’re not able to work. Even though many associate wealth with fast cars, huge homes, and physical augmentations, for some wealth is equivalent to working long isolating hours and sacrificing instant gratification for the possibility of being completely debt free – using finances as an asset. I’d like to believe that we can maintain our humility while acquiring wealth if we hold on to our values. It doesn’t seem to be that hard – in all actuality not all wealthy are crude. According to Seven Secrets of Self-Made Multimillionaires many wealthy individuals consider their financial status as a way of life that others are able to obtain if they wanted:

“Lastly, you may be surprised to learn that wealthy people wish you were wealthy, too. It’s a mystery to them why others don’t get rich. They know they aren’t special and that wealth is available to anyone who wants to focus and persist. Rich people want others to be rich for two reasons: first, so you can buy their products and services, and second, because they want to hang out with other rich people. Get rich — it’s American.” – Grant Cardone

Seven Secrets of Self-Made Multimillionaires

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Personally, I would love to think that it’s easy to obtain wealth – I like that thought! I am currently implementing personal development concepts that claim that there is enough wealth to go around. We’ve been programmed to think that getting a job and obtaining mountains of debt just to pursue a certain status is the end goal – the American Dream. However, once I understood home ‘ownership’ I knew I wanted more than the American Dream. What are you missing out on by not pursuing wealth? Your journey could start with an idea – focusing on solving a problem in society. You could look into pursuing a passion that turns into your own business. Maybe you follow a particular company or industry and see the potential for substantial growth. Nowadays, there are so many options!

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With the internet, Google, social media, and numerous digital gadgets, we connect with each other, including people we don’t know, and companies/corporations from our fingertips! Looking for opportunity? Seeking wealth? Try to chase that idea and passion you have. It might lead you down a path of wealth and success that you didn’t think was possible. Not convinced in the possibility of wealth? Just read up on some of the wealthiest people of our time. Try to find out how they think, what their focus is, and what they went through before acquiring wealth. I know I did! You might be surprised about what you find out and how similar we are to those who’ve achieved success.

~ladiSims

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Danita Sims is a Workforce Consultant with extensive experience in social services, workforce development, and case management. Ms. Sims has assisted a variety of job seekers, including veterans and disabled adults, with finding employment and adjusting to career changes. Many of her clients seek to transition into new careers with financial and educational barriers hindering their success. Ms. Sims also shares resources, teaches Employment Readiness, and provides solutions for small businesses in her community. Born and raised in Chicago, IL, Ms. Sims has a passion for helping people progress towards their career/entrepreneurial goals and is an advocate for education. Her BA degree is in English with a minor in African America Studies from SIUC where she also studied creative writing, journalism, and education. She also has a Master’s in Urban Planning and Policy (MUPP) with a concentration in Community Development from UIC. Among her peers, she is known for simplifying complex issues, offering conflict resolution, and being able to connect with individuals of various socioeconomic statuses, cultures, skill sets, & educational backgrounds. Ms. Sims also has experience in Business Development and uses her ability to create and maintain strategic partnerships that would influence a community as a whole. Reach her at ladiSims55@gmail.com

Show Me the Money!

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I believe one of the reasons that money management is difficult to discuss is because of the fact that our society is focused on a million ways to spend it and only a select few ways to manage, save, and increase it. For mothers, we seek to provide for our families by any means necessary – just about. One of the ways I suggest is to be sure to start a Spending Diary (WHAT?!?!) A Spending Diary is just like a food diary – when you initially want to change the way you eat, you usually first chronicle how you eat currently. The same is true for matters of money and the spending habits you may have. When do you spend the most money? Where? Why? How much did you spend? What form of currency did you use (cash, debit, credit, check, etc.)? Is there a pattern? Most of the time when there is a pattern, it is formed out of habit. Believe it or not, we can change habits! Just ask any multi-millionaire.

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Your Spending Diary should be written for at least a week without changing anything– just jot everything down. We could spend money out of emergency necessities but this is often not the bulk of our spending. Each day during that first week, write down where and when you spent ALL of your money, leave nothing out. This information can then be reviewed the following week to see if there are patterns in reaction to events in our lives like stress, anxiousness, boredom, or depression. Seeing the hard truth can be eye-opening but try to remember that you are planning to do much better with your finances in the very near future. Taking a harsh look at reality helps the process of true progress. For instance, when you attempt to lose weight, diet and exercise are essential, right? In order to make schedule changes to coincide with your weight loss/fitness goals, you’d have to take a look at your week and decide where some time would be available to just focus on your health – whether that’s meal planning or working out. The same can be said of your financial stewardship goals. What do you do with your money regularly? Are there ways you could manage your finances more efficiently?

Once you are able to see your habits and make plans for changes in your spending, you can see real results with your finances. You should be able to see where there may be opportunities for saving a little extra daily, weekly, or even monthly depending on your budget. Once you’re able to execute your new spending habits and save money, you will feel a great sense of accomplishment (trust me). You will also see where you might have some difficulties and start to think of ways to address them.

Our ideals surrounding money – how to get it, spend it, and make more of it – are very different depending on our culture, upbringing, education, and habits. This is why many couples do so poorly with their finances – no one is on the same page! Take a hard look at yourself and if you have goals, start making small changes now that could lead to HUGE payoffs later. Knowing your spending habits also helps you to feel much more comfortable talking about money matters with those closest to you, bringing more communication and understanding in your home- who can’t use more of that?

~be blessed

ladiSims1

Danita Sims is an aspiring entrepreneur and workforce development professional with extensive experience in social services and Case Management. Ms. Sims has assisted a variety of job seekers, including veterans and disabled adults, with finding employment and adjusting to career changes. Many of her clients seek to transition into new careers with financial and educational barriers hindering their success. Ms. Sims shares community resources, teaches Employment Readiness, and provides Career Counseling in order to see her clients obtain self sufficient employment and pursue their career goals. Born and raised in Chicago, IL, Ms. Sims has a passion for helping people progress towards their career goals and is an advocate for education. Her BA degree is in English with a minor in African America Studies from Southern IL University-Carbondale where she also studied creative writing, journalism, and education. She also has a Master’s in Urban Planning and Policy (MUPP) with a concentration in Community Development from the University of IL at Chicago. Among her peers, she is known for simplifying complex issues, offering conflict resolution, and being able to connect with individuals of various socioeconomic statuses, cultures, skill sets, & educational backgrounds. Ms. Sims also has experience in Business Development and uses her ability to create and maintain strategic partnerships that would influence a community as a whole.

Image credits: startuplansing.org, accare.org.au