Saving For Travel has a new challenge over on her blog. To compensate for an increase in monthly living costs, she has decided to find an extra £50 in May and challenges everyone else to do the same!
The money can be from additional wages, ebay sales, savings (using coupons instead of cash, for example); anything that raises £50 more than you would otherwise have.
This challenge ties in nicely with one I set myself back in February. When I went from two jobs to one, I decided to make sure I had extra money coming in each month to supplement my wages. An extra £50 will be a nice addition to May's budget!
Ways I Might Raise an Extra £50
- Extra shifts at work – This seems like the most likely option, although I hope to use a variety of methods!
- Selling unwanted stuff on ebay – I sold a few things in April with some successes. This will encourage me to do some more decluttering! :)
- Collecting change – I stash away any 1p, 2p and 5p coins I find in my bag at the end of the day. If I can collect £1 of coppers or £5 of 5ps then I can deposit them into the bank. I don't use cash often though so this will be difficult!
- Using loyalty points instead of cash – I have Nectar points, Tesco points and fuel points all likely to give me a voucher this month. If I use these I can bank the savings.
Saving For Travel said she will be putting her £50 towards her trip to Japan next year. I will allocate any extra money I make to my Moving to Bristol fund.
Anyone else signing up for this challenge? What will you put your money towards?