How badly do you need a budget? Budgeting is hard work and it is best to gain all the knowledge and information you can before attempting to create your own. In this way, you will create a budget that will work well for you and your family. Yet, scavenging around the pool of information we call the Internet is especially time-consuming and it is hard to weed out the good seeds from the bad. So I have done the work for you!
This week on I Heart Frugal, I have compiled a list of budget posts to help you get started on your budgeting journey. My fellow personal finance bloggers have a wealth of information to share that will get you back on track to an amazing debt-free life.
Each picture will feature a link to the post and the blog title below. Check out my post on budgeting here and use these other posts to really dive into starting your budget and making your money work for you.
75 Side Hustles to earn extra cash – Use one or a combination of these side hustles to earn $100 per day.
Are you in need of a side hustle? Do you work hard but can’t seem to catch up?
Are your bills piling high like a stack of pancakes at IHOP? It may be time to find some worthwhile side hustles to help you increase your cash flow.
What Is a Side Hustles?
They are many ways to earn extra money, on the side as opposed to your regular nine to five! As we talked about in Budgets 2019 you may be spending more than you are bringing in. Unfortunately, you will always be at a deficit if this is the case.
You can slash your grocery bill for starters (learn how here). Yet, if you are still living beyond your means coming up with a sensible budget and supplementing your income with a side hustle will be the trick to putting you back on track.
Why side hustle?
Pay off debt
Save for a purchase (car, home, wedding)
Catch up on bills
Save for a vacation
Earn extra spending money
Learn a new skill
Work from home
Build an emergency fund
Put away money for retirement
work hard now so you can retire early
Whatever the reason for needing extra cash, you will find something on my 75 side hustles list. Use one or a combination of the side hustles below to earn up to $100 per day. This extra money will be life-changing!
An emergency fund is a fund you set up to cover surprises that pop up, you weren’t expecting to pay. It happens to all of us at some point and having an emergency fund will give you security and less stress. You can take comfort in knowing you are covered when you end up in a surprise situation. If you do not have an emergency fund, it is best to learn how to save for an emergency fund quickly. You can start a mini-emergency fund for now of $1000 and build it up more when you are able.
Do You Need an Emergency Fund?
In short, yes, you need an emergency fund to cover different financial situations that come up unexpectedly.
Imagine you wake up, get ready for work, and start to walk out the door. Suddenly you step into a puddle on the carpet. The next step is an even bigger puddle! Why is the carpet drenched? After searching more, you realize your water heater has flooded! This happened to us! Yes, our carpet was ruined and we needed a new water heater.
Or your son fell off the monkey bars at school, landed wrong, and ended up in a cast. Your insurance doesn’t cover the entire bill and you are left paying around $300. This also happened to us. An unexpected medical bill or two can leave you reaching for your plastic card.
Both of these situations happened to me and my family. These were times when we needed a large amount of money to fix the situation at hand. Fortunately, we had an emergency fund saved to ease the burden of these surprise bills. Whether it be your water heater, new roof, health emergency, car accident or any other situation with a surprise bill, there are times in life when you need extra money above your regular budget.