Cheap living, I believe the frugal life is best accomplished by both living frugally and making money where you can. I especially like passive income streams and setting long-term money making goals, like in the homestead on a dime challenge.
I challenged you to earn an extra $600-$1800 extra this year by spending 10-60 minutes a day making money online. How are you doing so far? I had a pretty good January, which is great because I didn't actually start the challenge until January 15th. Cheap living is especially fun if you have extra money to spend on things that you might want more than need. And, as lifehacker says, cheap living means you will get out of debt that much faster!
Remember, think long-term goals. Earning a few dollars a day might seem like nothing, cheap living or not, but it all adds up. What will you do with an extra $1500 at the end of the year? Most of the sites have options between checks, paypal, and gift cards. I like checks, but I love gift cards. If you go with Amazon gift cards then you can save them in your account until you want to spend them. Nothing beats watching that balance grow until you get something expensive you really wanted. Remember, long-term goals!
I can't wait to see how you did in January on the cheap living: homestead on a dime challenge. Here is how I did:
Cheap Living: Swagbucks
I earned $80 at Swagbucks this month. That is at the top of the $30-$80/month goal for this site. I redeemed all of it for Amazon gift cards.
Cheap Living: Cashcrate
Go to the post on how to earn money at Cashcrate if you are new or would like a re-cap.
I did not get a check from cashcrate this month. They have a threshold of $20 and I did not reach it yet. The amount I have in the account is in the $5-$20/month goal range though so I am still on track. Cashcrate sends a check when your account is $20 or more at the end of the month. The check is sent on the first business day of the next month.
Cheap Living: Fusion Cash
Head to the post on how to earn money at Fusion Cash if you are new or would like a re-cap.
I did not get paypal from Fusion Cash this month. They have a threshold of $25, with $15 or more being from offers, so I am not there yet. The amount I have in the account is in the $10-$40/month goal range though so I am still on track. You can request paypal from Fusion Cash as soon as your account hits the minimum. They will send it on the 20th of the following month.
Cheap Living: IRazoo
Head to the post on how to earn money at IRazoo if you are new or would like a re-cap.
I did not earn any gift cards from IRazoo this month. It is a smaller site, with a goal of $2-$5/month and I have enough points to put me in that range. However, the lowest gift card you can redeem for is $5.
Cheap Living: Bing Rewards
Head to the post on how to earn money at Bing Rewards if you are new or would like a re-cap.
I earned $10 in Amazon gift cards from Bing Rewards this month. That puts me at the upper end of the monthly goal for this site, which is $5-$10.
Cheap Living: Summary
This month I redeemed a total of $90 in Amazon gift cards.
I have another $46 in accounts that are not quite ready to redeem. I never count it until it is in hand so I should have a few months that are higher and others that are lower.
- The Goal for the Year: $620-$1860
- So Far in 2015: $90
- Time Spent for the Year: 10 hours and 40 minutes
Yes, I keep track of my time spent. This is so you (and I) can see exactly how much you are “earning”. That said, this is different than a normal job. You do not have to commute (or even leave your house). You can do it in your pajamas or in front of the TV. Ten minutes a day is the minimum time you should spend. The best way to earn money is to do it daily, but it doesn't have to be long. The daily bonuses add up (faster than trying to get a lot of money one day then forgetting about it for a week). Start with ten minutes a day and add time as you see fit.