Thursday 13 October 2011

Taking A New Approach.....

Last Wednesday was my last official day at work. At the moment I have a stinking cold & feeling a bit bunged up. My cleaning job came to an end. I did the final clean for them.  They had thrown a couple of tops in the bin. I washed them both gave one to my sister as its a lovely top. The other one was a very top in a larger size than what I am am. Hence I have put it on ebay. I started it at £1.99 and it has 2 days to go & is currently at £9.00!. Not bad for picking out of the bin!.  The girls threw away face packs, body scrubs, body lotions & they are now in my bathroom cabinet!.  Cannot beleive how wastefull some people can be. I am about £300.00 down a month for not having those two jobs.
I have been doing ebay & this weeks total is up to £43.00 which I am really happy with.  I am thinking if I could build on this each week perhaps I could bring in a little income.  I have been selling things that I no longer use or wear. I did buy some shoes for £1.50 from a car boot sale & they sold for £9.50 which was good. If I could make some good profits on buying things that would be good. I do enjoy going to carboot sales.  I am not sure if there is a special formula to selling on ebay!.  I would love to aim to be making £100.00 a week from ebay if not more!. Not sure how long it would take to get to that level. I guess as time goes on I will be able to see what sells well & what does not.
Not working does come at a price & I really do need to watch things now.  If a little christmas job comes up I may do that to. 
I notice on a lot of blogs that Dave Ramsey is mentioned  http://www.daveramsey.com/new/baby-step-1/.  I read through the information.  I guess he is a bit like the UK version of Money Saving Expert Martin Lewis.
Dave Ramsey recomends as Baby Step 1 getting an Emergency fund of $1000.00 dollars (Approx £500.00). I like the idea of Baby Steps . So I am going to change my approach. As currently I have a fund for long term savings, emergency fund & a holiday fund.  As you know these went down to zero as I paid my sister back the cash I had borrowed of her.  I am finding that by having the 3 funds they seem to stay small. So I am changing to Dave Ramseys approach so my first Baby Step is going to be an Emergency Fund.  I will not embark on a holiday fund or any other fund until. I have done Babystep 1.  Babystep one is going to be funded from ebay sales  

2 comments:

  1. Sometimes, having only one focus will help, instead of trying to watch several pots of money grow so slowly.

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  2. Once you hit that $1K goal you'll have the motivation to keep on going! Good luck! You can do it!! :)

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