Monthly Progress Report: Summer Celebration Edition

Summer Celebration

This was my first full month of being completely debt-free, and I have to say it was amazing! I went on a (much needed) weekend road trip, took tons of photos and had a fantastic time.

Getting out of debt didn’t just give me more money in the budget for fun stuff, it also gave me the freedom to spend more time traveling and focusing on projects I’m passionate about.

I hit some major goals this month (a few by accident), and while some of them are very exciting for me as a writer and freelancer, the one I’m most proud of is my recent personal finance goal!

40% of my income this month was from side freelancing gigs and blogging. That’s a benchmark I never thought I’d reach when I started writing almost a year ago. And I’m fast approaching a new goal to surpass my day job income with freelancing income. Here’s the breakdown (via Mint).

Total Income for June

Total Income for June

My freelancing income consists of several income streams:

  • A little advertising income on this blog
  • Social media and content manager
  • Writing and blogging for clients
  • Freelance accounting/bookkeeping.

I didn’t start advertising on my blog until recently, since I wanted to build a strong readership and community before I had ads all over the place. I’m still very selective with my ads and only endorse products/services I use personally.

For these reasons, I don’t make a lot of money from the blog, but this month it was a nice chunk of change and I’m thrilled! Thanks for all your support, your wonderful comments and emails. You guys are rock stars!

 

Other Awesomeness

As you might already know, ReadyForZero is one of my favorite personal finance tools and was a major player in helping me become debt-free. This month they launched a new set of resources and they featured Careful Cents, along with some other great blogs, in their budgeting tips section.

They’ve added links for Credit Card Debt, Student Loan Debt, Debt Consolidation, Budgeting Tips. If you haven’t checked it out yet, now is the perfect time!

ReadyForZero

Anyways, now onto the regular monthly update.

Once a month I like to feature other blogs, authors and posts I enjoyed reading. There are so many awesome bloggers that share a wealth of information, I can’t help but pass it on.

 

Top 5 Favorite Posts

The Key to Career Success: ExperimentingAlexis Grant. I’ve been a fan of Alexis and her blog, The Traveling Writer, for several months now. I also just finished reading her most recent ebooks and they are SUPER inspiring for any young professional!

Why Balance in Life is Complete Bullsh*tGrad Meets World. Amanda makes such an accurate point, and this is a realization I recently came to as well. You can’t separate your work-life from your home-life; they are still apart of YOUR life.

What Do You Really Want to Be in Life?DinksFinance. Kristina asks a question that we should all ask ourselves periodically throughout life. If I had to choose only 2, I’d like to be happy and well-traveled.

Leaving Your Heart Out of Financial DecisionsModest Money. In this post from Jeremy, he discusses how we all struggle with using willpower when it comes to buying things we really want.

Frugal Decor Ideas: How to Decorate on a BudgetImpulseSave. I’m moving soon and Deborah points out, that this is a great opportunity to redecorate and find money-saving inspiration for my new place.

 

Popular Posts I’ve Written

How to Save Money on Your Daily Cup of CoffeeReadyForZero

10 Ways to Save Money on BooksCareful Cents

 

Featured in the Media

I started off 2012 with the goal to get featured on a major media websites, like Lifehacker or The Consumerist. And I’m super excited to announce; this month I was featured on The Huffington Post! 

Here’s the complete list of places I was mentioned in the media recently.

How I Paid Off $14,000 and Became Debt FreeHuffington Post Money

Savings Confessions and 4 Blogs to FollowShoestring Magazine

 

Guest Posts

This year I plan to publish at least one guest post per month. Below is the list of guest posts for June (or guest posts here on the blog).

6 Creative Ways to Keep Business Expenses LowThe Frugalpreneur

3 Ways Technology Helps You Stay on TrackAdaptu

Non-Traditional Ways to Cut Your Grocery BudgetMy Alternate Life

This year is almost half-way over. How is the progress with your goals coming along? Are you celebrating anything exciting? Do you have any practical or inspiring tips that help you stay motivated?

Photo Credit: CGirls

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  • http://www.makingsenseofcents.com/ Michelle

    Wow great job on 40% being from side jobs! I need to work on that.

    • http://carefulcents.com/ Carrie Smith

      Thanks @d7e7293e5581db8bf79f8fae3b468585:disqus 

  • http://www.30isthenew21.com/ Caitlin

    Congrats on being debt free and hitting the 40% side income milestones! I am envious! 

    • http://carefulcents.com/ Carrie Smith

      Thank you @862fb185777413af48c44508b4b10a45:disqus It’s taken me many, many months but I’m finally seeing some good results!

  • http://www.modestmoney.com/ Modest Money

    Nice work building up so much money from your side job and blog!  That’s an awesome feeling when you start to make as much on your own as from your side job.  Then finances become so stress-free because you know you can always fall back upon your side work if you need to.  Plus it adds decent money to be able to invest and pursue other interests.  You deserve some reward after being so dedicated paying off your debt.

    And thanks for mentioning my post.  Much appreciated Carrie.

    • http://carefulcents.com/ Carrie Smith

      Yes, @modestmoney:disqus its a really great feeling to build up some security outside of my full-time job. I’m definitely excited about using some extra money to invest, save and have a little adventure!

  • http://www.twitter.com/bwfeldman Benjamin Feldman

    Congratulations, Carrie! You are really excelling in all areas – it’s very inspiring. Thanks for mentioning our new resource centers, too! I’m glad you like them. We hope they’ll be very helpful to people.

  • Jenna from Adaptu

     Congrats on your first month of FREEDOM!  I’m doing well.  Made some major decisions on how I’m going to handle decisions.

    Thanks again for letting Adaptu do a guest blog post!

    • http://carefulcents.com/ Carrie Smith

      Your very welcome @ceb9ed7889cfe2cfafab8a8708574658:disqus I’m glad to hear you’re making some decisions and moving forward.

  • http://clubthrifty.com/ Greg@ClubThrifty

    Congratulations and being debt free Carrie!  Although we hope to have all non-mortgage debt paid off this month, we still have a few years to go on the house before we can taste the freedom that you have.

    Also, well done on the 40% side gig income! That is very impressive.  We hope to pick up some of your tips along the way.

  • http://twitter.com/brightblur777 Robb

    Congratulations!!!!! I’m not sure if this is your hobby, side interest, or what but it is always great to see this kind of thing catch fire for someone. Maybe it is the nature of being in a down economy for the last few years but I’m seeing more and more people really break out of the traditional “9-5 job” structure and try new things.

    • http://carefulcents.com/ Carrie Smith

      Thanks @twitter-56905548:disqus It started as a side hobby kind of thing, but as I’ve become more and more dedicated, it’s turned into a side business. But I love it, so it doesn’t feel like work at all. It’s definitely a reprieve from the normal “9-5″ job.

  • Pingback: GMW Monthly Report: June 2012 | Grad Meets World

  • http://www.moneywatch101.com/ Moneywatch101

    Great pie chart on displaying your income breakdown, I have to do a chart like this. Huffington Post is great recognition for your blog.

    • http://carefulcents.com/ Carrie Smith

      Thank you @83ce1b87e68bc5eff5204fa19c32a9c6:disqus It’s more motivating to see a visual aid like this pie chart, at least for me! :)

  • http://www.niterainbow.com/ Financial Independence

    Hi there. Congrads, Carrie.  I am totally agree this year something amazing happened. The income from blogging is outstanding!