Month: August 2020

  • How To Save Money On Food

    In the past, each month I would check my monthly spending and realize I’d spent a lot of money on food. A lot. Way too much. Between groceries and eating out I overspent my food budget every month.

    It was something that continually frustrated me because I overspent on food constantly. It wasn’t until I was forced to cut back that I finally took control of the situation and stopped spending a ridiculous amount of my income on food.

    Eating on the cheap is totally possible but it does take some effort, just like eating healthy does. I was spending so much money on food each month because I wasn’t thinking about it. I was making healthy choices for food but I wasn’t making great financial choices. I spent a lot of extra money on convenience foods that were healthier but more expensive. Spending money on convenient foods and eating out really does add up quickly. It might not seem like much when you are spending a few dollars at a time but it’s something that snowballs quickly.

    Now my budget is about half of what it used to be for food and I actually stick to it! It’s pretty amazing that I once spent so much on food when it was entirely unnecessary.

    how to save money on food

    Below I’ve collected some of my personal favorite ways to save money on food. Hopefully they can help you reduce your food budget too!

    Tips to Save Money On Grocery Food

    • Commit to cooking more. Learning how to cook and preparing food at home is a great way to save money on food. If you know how to cook and do it often the savings will add up. Choosing to cook at home rather than get a meal at a restaurant saves me $5 – 15 dollars per meal in most cases.
    • Check out what you have in your pantry. Using what you have already will keep your grocery shopping list smaller. It’s also fun to create meals from scratch using what is available. I like to have “Chopped” nights where we pick pantry ingredients and make something using them. It’s not as weird as the show and usually turns out well!
    • Plan your meals around your cheap staples. Planning your meals helps you keep food costs down. Planning around cheap staples that you can buy in bulk like rice or pasta will make your costs substantially lower. There are many ways to prepare these staples so it’s not something you will get bored of eating.
    • Go grocery shopping once a week or less. The more you pop in the more you will buy the little add on items that add up. Every time you step foot in a grocery store you will have more opportunities to overspend. Stop that from happening by buying everything you need in one trip and sticking with what you bought. You can still have veggies and fruit that is good for your last day with proper meal planning.
    • Make a grocery shopping list. Stick to what you planned to buy and don’t deviate. Impulse buys at the grocery store used to cost me a ton of money every month. By making a list and forcing myself to stick to it I save $10-$25 per grocery store trip since I’m not grabbing whatever looks good. Having a plan and a list also means nothing goes to waste which will save you money and frustration!
    • Clip coupons and shop the sales. This isn’t as hard as it sounds and once you’ve done it a few times it gets even easier. When you meal plan and know what something regularly costs you will be able to take advantage of the sales and save money by buying items at their lowest price. Using coupons as well will just add to your savings.
    • Adjust how you think about food. For some people food is the ultimate pleasure and they live to eat. This can be an expensive way to live since you will spend more on food that you enjoy. Adjusting how you think about food and recognizing it as just fuel for most of your meals will help you spend less overall. You can still cook or go out for decadent meals but they should be an occasional occurrence instead of every meal.
    • Take advantage of free food. While I don’t do this in the extreme, I definitely take advantage of free food where I can. I attend several networking events and meetups that are sponsored in the form of free food. Several days a month I get a free meal by attending these events. Chances are there are some days where you can attend an event or get a meal at work for free. If you have the opportunity, take it!
    • Eat with others at home. Host and attend potlucks and dinners at friend’s houses. Spreading the cost and time of cooking between multiple people helps save money. Just remember that you don’t have to serve the best food ever – spaghetti or hamburgers works just fine when you are spending time with people you love!

    Those are just a few of the the ways I now save money on food and keep my budget under control.

    It’s great to spend less money on food because it gives you more money to work with in other areas of your life. I’d much rather feel secure in paying my bills and having extra money to save than eating my way through my paycheck!

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  • Online Income Report July 2020

    Welcome to my monthly online income report for July 2020! Each month I share how much I make from my part time online content creation side hustle selling digital products and making videos about our personal finances on my YouTube channel.

    online-income-report-how-much-a-blog-and-youtube-channel-make

    Each month here on the blog I go into more detail about what I earned from online endeavors like this personal finance blogmy YouTube channel, and my Etsy shop. These are all things I started as a hobby making no more so it’s fun now to earn an income from them!

    I like sharing real numbers to inspire myself and others who want to earn money online. I also value transparency which this report allows me to give my audience when they consume my content.

    Growing my online income has helped me achieve financial goals like paying off debt faster! I have used all of my income from these endeavors to pay off debt and helped eliminate $43,000 in loans.

    It’s been a lot of work in terms of a side hustle but I’ve enjoyed both earning income and helping people by sharing what we’ve done financially. Earning more money can sometimes be the key to succeeding financially and after having lots of job instability this year I know that it’s the key to my sanity. I never want to rely on just one income.

    Online Income Report

    Here are the main income sources broken down by what I earned for the month. I’ve included referral links to each if you want to join and make money too!

    I’m reviewing my online income earned for the month of July 2020 from my YouTube and printables ventures! You can check out last month’s online income report here.

    Advertising Income – $1,761.19

    Affiliate Marketing Income – $838.06

    Product Sales Income – $287.00

    • Etsy Sales
    • Website Sales

    Other Sources – $58.96

    • Patreon

    Total Online Income: $2,945.21

    This is the amount earned for the month before any fees, expenses, or taxes.

    I don’t keep all of it it and at least 25% will be gone for taxes before it hits my bank account. I also won’t be paid all of it in the month it is earned since each source pays out at different times. I do these reports based on what I earned in a month versus what was received because it inspires me most to grow the income created.

    HOLY MOLY I earned over $2,900! That’s almost $3k. For the second month in a row!! I feel like I had just cracked the $2,000 earned in a month online recently and now I’m earning almost another $1,000. It really shows how quickly things can grow and how much it can change as you continue to work on it.

    Expenses List

    As I mentioned, I don’t keep all of the money earned each month. Besides paying taxes on that income I also have expenses to run this online business. There are multiple expenses I’m now paying for each month:

    All of these are minimal but they do add up so I still keep an eye on reducing expenses so that my income will keep growing.

    Popular Content

    I like to loook at what worked in terms of content each month so here are my most popular videos, posts, and products!

    The most popular old content on my channel was:

    The new content I published included:

    The new content I published on my website was:

    It’s great to see what is working with new content I’m producing and where I can grow! This month I did not add much website content and in fact only got one blog post listed. I did however make a lot of new videos!

    What Worked This Month

    I have been continuing to work on a few different priorities growing income sources and I even added a new one this month too!

    Creating More Videos

    The thing I did best this month was creating new content. Content is king as they say and I continued creating content across my main platforms.

    I published multiple new videos on YouTube across both channels and that was really my only main activity this month. I made a few new videos but also saw increased performance across some of my older videos.

    Recommended Online Biz Resources

    As my income continues to grow I want to share some of the resources and products I use to make it happen. These will include affiliate links where applicable but I love recommending them because I personally use them all myself!

    TubeBuddy – Before using this tool I manually did so much work but now I’m able to bulk edit videos, research keywords for SEO and set up all my videos for long term success. TubeBuddy has been the best tool I’ve used for managing and growing my YouTube account. It’s got multiple price level plans so you can grow as your channel grows. Try out TubeBuddy for free.

    Canva – Canva is one of the best free editing programs where you can create a digital products and the paid version is even better with bonus features that help take your work to the next level. I use it for creating all my Youtube thumbnails, my social media posts and my digital products! Try creating with Canva.

    Tailwind is the tool I’m using to grow my account and reach on Pinterest. Bringing in consistent traffic from Pinterest boosts any business and Tailwind allows me to schedule content and get results without spending all my time there. It also automatically pins at the best time for engagement and reach for major traffic growth. Get a free trial of Tailwind here.

    Why Share An Online Income Report

    I’m sharing my online income reports as a YouTuber, digital product creator, and blogger to show people that it is possible to make money online in a non-sleazy way that helps people.

    Lots of people want to know how much small YouTube creators make with videos and if you can make money from a small audience online. Fellow YouTubers want to know how I make money with affiliate marketing and digital products not just ad revenue because they know it is hard to survive on YouTube ad income.

    Income reports allow me to share what I’m doing with Etsy and YouTube while building my online income so other creators can benefit and it lets me be fully transparent with my audience about how much I am making.

    It’s amazing that we can earn money creating and sharing content online.

    Previous Online Income Reports

    If you’re interested in past income reports, you can see all of them here:

    As you can see from past income reports, my online income in the first few months of 2020 trended much higher than my income last year. The growth is not viral or explosive but it has moved up and is consistently over $2,00 each month.

    I’ve been consistently earning $2,000 a month now which is far beyond my original goal of earning $600 per month with my YouTube channel.

    I like sharing these numbers to show small YouTubers and other content creators what is possible without a huge audience. While that would be amazing, it is possible to still earn income as a small channel and blog.

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