Our main financial goal in 2015 is to pay down our non-mortgage debt. My hope is to have it all paid off by the end of 2016 and to do so we need to get creative and resourceful.
Where can we find extra money? I have scrutinized our budget tirelessly and I really feel like there’s nothing more to cut, so my focus is turning to finding money to put towards debt. As I find extra money, I will of course share with you and I’d like to also hear where you found extra money too.
In January, I found $370 to put towards our debt:
1. We use a Discover credit card to pay for monthly expenses at our business. It is very un-Dave Ramsey-like but it works for us. We pay the balance off at the end of each month and have never carried a balance from one month to another. We earn reward points from our Discover card and you can buy gift cards with the points. I haven’t redeemed points in a long time and I had $300 worth of points that I redeemed for Discover gift cards. I used that $300 gift cards to buy groceries and took $300 of January’s grocery money and put it towards a loan.
2. We have Aflac supplemental insurance and I received our yearly $40 wellness benefit.
3. When our kids were young I signed up for Upromise to earn money through their coupon program. I haven’t participated in years and didn’t realize I had $20 in my account. I requested a check and will most likely discontinue my membership.
4. We cleaned out the foyer closet. We didn’t find much to sell, but I did find $10 worth of quarters from years ago when the US mint was distributing state quarters. I was collecting them at the time and forgot all about it. I kept the quarters and sent the book holder to the Goodwill.
Have you found some extra money lately? Tell us about it in the comments.
For more ideas about finding extra money, read 31 Days to Find $1000.
This post is linked to Thrifty Thursday.