We have recently become a one-income family and I am very nervous. I am couponing and it really helps. I want to be a home tester, but I am so afraid of getting scammed. I am new to the internet. Can you offer any advice? -Sheila
1. Take a Deep Breath
While this can be a scary time, this can also be an exciting time. There is a world of possibilities before you and I love your can-do attitude. That will take you very far!
I encourage you to take a deep breath and focus on the blessings and opportunities instead of getting overwhelmed and nervous by all the “what ifs”.
2. Get on a Budget
The best thing you can do for your family right now is to get on a written budget. Many times, people don’t have an income problem, they have a spending problem. So before trying to increase your income, make sure you are being very intentional in how you spend what you’re already making.
Both of these resources will walk you through how to set up a budget and how to stick with it. And Dave will motivate you and inspire you to dream big, work hard, and get your finances in amazing shape.
3. Do Your Research
If you’re thinking of doing any at-home work, do a lot of research before jumping into anything. There are many legitimate opportunities out there, but there are also dozens upon dozens of scams.
Dig around online, talk to friends, and take time to investigate before moving forward with anything. If you’re looking for some tried and true ideas, check out my series on 31 Ways to Earn Extra Income Before Christmas.
Note: Never, ever, ever pay a company to sign up and take surveys, mystery shop, or do at-home research. Any company that asks you for money upfront is almost 100% guaranteed to be a scam.
4. Focus on the Best Return on Your Investment
There are so many different things you can do to save and make money. I encourage you to start slowly and set limits.
Try a few new things every month and figure out what works best for you. As you experiment, determine what things you find you enjoy doing that also give you the best return on your investment of time.
It might take you a number of months and experimenting to hit on the best things, but don’t give up. Keep at it and you’ll eventually learn what works well for you and your family.
Once you’ve found those things, focus your energies and efforts there and don’t let yourself feel guilty if you’re not doing everything else that some of you frugal friends are doing. You can’t do it all, so do what works for you — and be free from guilt!
What advice and suggestions do the rest of you have for Sheila? I’d love to hear!