Monday Money #7: Another £1,000 ticked off

Some articles on EmmaDrew.Info may contain affiliate links. Click here to read my disclosure policy.

Monday is here again, and I am really excited to tell you that since update number three, we've managed to side hustle an additional £1,000! Keep reading to learn more about the £1,000 project and what we are doing to make some extra money away from our business.

What is the £1,000 project?

I got the idea for the name name from Sugar Mama TV on YouTube, but I have been doing this for ages.  The £1,000 project is where we side hustle money, keep it in a separate pot and every time it reaches £1,000 we transfer it into savings.

How I keep track of the £1,000 project

Every time a side hustle pays out, I transfer the money into an e-savings account. The idea isn't to get interest on the money, but rather to keep it in a separate pot until we reach £1,000.

I can, of course, log into my banking app to see how we are doing, but I am a visual person and I have a 1% at a time sheet that I use.

May's progress

In May we have really ramped up our efforts, and the biggest impact has been from decluttering items and selling them on.

Decluttering and selling has made us the most money in the past 4 weeks to put side into this £1,000 project.

Mercari's Make It Rain weekend made a big impact, but I have also gone through the house and identified a LOT of items to get rid of. I've been listing them mostly on eBay, and saving items for a car boot sale too.

There have been some other bits coming in, for example, I got a £50 refer a friend credit from Bulb.

I am really chuffed that we've ticked off an additional £1,000 in just 4 weeks.

How will we make the next £1,000?

We have so much going on right now that this feels really daunting. However I know that we've still got a TON of things we can sell.

Tony is selling most, if not all, of his Warhammer collection off, and I have found some very hard to find Yankee Candles in my collection that sell for as much as £40.

We also want to do a car boot sale soon – we were hoping to do one yesterday but the weather forecast was rubbish. We probably have enough stuff to do two more car boot sales.

Apart from really focusing on selling and decluttering, I don't have too much planned. I've got a high paying mystery shop to complete and that's about all for now.

How much have we made this year?

So far we have completed the £1,000 project 4 times this year, meaning that £4,000 has been saved.

I have a goal of completing the £1,000 project a massive 16 times this year, so we are definitely behind this target, but I'm not beating myself up. I'm still pleased that we have managed to put £4,000 into our special project!


We love Mondays – they offer a fresh start and we want to read your money related blog posts too! Monday Money gives you a chance to share any existing money related blog posts, or create new posts to link us.
Open to all bloggers, not just money bloggers, we look forward to seeing what you have posted recently about money. We invite you to add your post to the linky.
The Monday Money linky is run by Lynn from Mrs Mummy Penny, Faith from Much More With Less and Emma from EmmaDrew.Info. We are really excited about inviting you to join in with this linky.

WHY TAKE PART?

Taking part in the Monday Money will help you to not only find awesome bloggers and read great blog posts, but it will help to bring more traffic to your own blog posts. Give it a try, we would love for you to join in.
We will also share your blog posts with our audiences too!

THE RULES

We are really excited that you want to join in, but we do have some rules for taking part in the Monday Money linky.
1. Your blog post must have been published within the past 365 days.
2. It must related to money in some way.
3. You must include a link back to all of your hosts within the blog post you are linking up – you will find the HTML below.
4. You may link a maximum of one blog post per linky.
5. Please visit other bloggers participating in the linky – if you would like to leave a comment then that's great too. We would ask that you visit a minimum of 3 different blog posts within the linky.
6. Feel free to use the hashtag #MondayMoney when sharing your posts.
 Loading InLinkz ...
Copy and paste the following onto your blog post:
I'm taking part in the Monday Money linky with Lynn from Mrs Mummy PennyFaith from Much More With Less and Emma from EmmaDrew.Info

Start your blog in 7 days

Join this FREE email course to start your blog in just 7 days.

    We won't send you spam. Unsubscribe at any time.

    Powered By ConvertKit

    Leave a Reply

    Your email address will not be published. Required fields are marked *