June 1 Check In

It’s the first of the month, and my regular readers should know what that means – time to see how I’m doing with my debt reduction.  If you’re new to this whole process, I review how I made money online and how I did with reducing my debt (the whole point of this blog) during the previous month.  The helps to keep me focused on my ultimate goal of being debt free and gives you lots of transparency into what I’m doing.

Let’s just get right into it.


My new 401K loan for the home that I purchased hasn’t entered repayment status yet, but it will pretty soon. I’m wondering if I should add it to my debt tracker here. My reason for saying “no” is that this would be equivalent to a mortgage, and most people do not count their mortgage towards their consumer debt. The home equity line of credit (HELOC) is up there because most of it is debt that’s left over after I closed by business. But, I can also see why some would say that I should add it to the tracker because debt is bet, right? I’ve been going back and forth on this, so instead of me worrying about it, how about you guys help me out a little bit? Tell me what I should do in the poll to the left of this post.

Since I purchased the new house in May, some of the money that I would normally have directed towards debt servicing went towards some of the costs of purchasing the home (down payment, inspection, etc.). You should expect to see my credit card balance increase next month as the costs of home renovations and homeowner’s insurance hit my credit card accounts. I’ve planned for them, but you know how it is with the best laid plans.

Speaking of plans, I already have prospective tenants for the entire house with a July 1 move in date, so I will have to pay carrying costs for this home from my own funds for only one month. How sweet is that? I’ll have more on that in another post. By the way, that lovely photo is of my $37K house, complete with driveway, shed and an awesome back yard.

This is where I have to pause and enter the confessional booth. You’ll see that my web income is lower this month than usual and it’s entirely because I’ve done virtually nothing to work on my internet income. I’ve been entirely too busy to even think about it, so what I’ve made essentially came from having the blog run on auto pilot.

Sometimes you have to admit when you have too much going on, and even though I’m a workaholic, I’ve finally reached my limit. I had a major change at work that essentially doubled my workload in addition to all of the traveling that I have to do for work. Add to that graduate school and my weekends spent on renovating the new house and I was hardly functioning. I had no time to even write blog posts let alone sleep. So, I decided to drop school for now.

I think that I’ll be less busy in July when I am no longer working on home renovations. I’ll still have a decent amount of travel and work will not slow down, but, I should be better equipped to handle everything. There’s nothing wrong with saying, “I’ve taken on too much.” Anyway, the blog income.

Blog Income

Google Adsense YIAC: $168.97
Google Adsense MTFH: $3.23
Google Adsense Super Secret Site: $51.31
Google Adsense Shirataki Noodle Facts: $2.67
Google Adsense other: $0.02
Lijit Networks: $26.17
Ad network #1: $162.00
Ad network #2: $42.00
Private ads: $328.67
Webmaster Work: $300
Sponsored Tweets: $7.21
Total: $1,092.25

I didn’t even realize that I had made that much money online in May since, honestly, I did virtually nothing…except for the webmaster thing. I had already been doing this service and have just decided to start charging for what I do. It’s working out in my favor. Never underestimate what someone is willing to pay for your talents!

Okay more stuff, let’s see. I don’t know what to write because, honestly, I need sleep. I apologize ahead of time if this isn’t my most complete monthly summary. I promise to update you with more during the month.

For now, keep killing the debt, and don’t forget to vote!

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