August 2019

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Income Information

Grocery Delivery (Instacart & Shipt) - $2,351.10
Secret Shopper (Market Force & Reality Based Group) - $86.00
Bank Account Bonus - $125.00
eBay - $80.47
Total Side Hustle Income for August - $2,642.57

The Break Down


Grocery Delivery - $2,351.10

Although this month I really did do well in the grocery delivery category, it really wasn’t what I expected. During the month of August I had a bunch of free time…or at least I thought. As a teacher, the month of August is pretty much when I didn’t have work (except for the last week of August). I thought I would do about $800 - $1,000 a week until I went back to teaching. However, it didn’t happen. The main reason…I had to prep for classes. I had to weight making money side hustling, with getting lesson plans done for the new school year, including shooting 60 videos for my online class. Of course, I spent more time with my prep work for classes and really only went out when I needed a break from all the prep work or the video production.

This number is a little misleading because there were 5 pay days in August, so as a comparison, July there were only 4. So squeezing in an another week is huge. Towards the middle of August, the money I made dwindled as I spent more time preparing for class.

The tips I also received during August were a bit lower than usual, probably because families are spending a lot of money on back to school. That also made it for a tough August in trying to maximizing my time and earnings.

There was a week in which I didn’t do much side hustling because of a work trip I had to take to San Francisco and that ate into the key shopping days of the week.

All in all, it wasn’t a bad showing, I just wished I could have earned more before I started the new school year.

Secret Shopper - $86.00

It was that time of the month that I got a shop for a free oil change. So I took advantage of the oil change and received $70 for doing it. When I think about the $70, I only made about $5 considering the oil change cost $65.00 (there are specific guidelines and so it is not like I can get the cheapest oil change). The other $16 was from a fast food shop I did and the food cost $11, so I made $5 from that. All in all, I made $10 from Secret Shopping, but as I have mentioned in previous posts, it really isn’t about getting paid, it is about replacing a cost that you normally would incur. I would normally get an oil change or go out to eat at this specific establishment. So although I only made $10, I also didn’t have to spend $76 that I would have spent anyways.

Bank Account Bonus - $125.00

This was a by accident kind of a bonus/side hustle. I subscribe to an email service called slickdeals. It usually is junk mail to me, but one day I actually clicked on the e-mail and it said if I opened up a HSBC account with a minimum of $5, then I could get a $125 bonus paid by slickdeals (not HSBC). I was a little hesitant because it just seemed like this round robin game of open the account, but submit a claim with slickdeals, however slickdeals didn’t ask for any documentation (I know they used a cookie to track me, but since I don’t understand all of the things a cookie can do, I just assumed they can’t track the approval since HSBC probably is blocking outside trackers, but I digress). Well, during the month, I received $125 to my Paypal account. So I guessed it worked.

eBay - $80.47

During the month, I sold some Away Mini Luggage which I think I paid $40 with shipping. Once I received them, I put them up for purchase on eBay and during the month of August, I sold one of them for $70 + shipping. The net proceeds after all of the expenses was $80.47. Not bad for a few hours of work (if that). I don’t normally post a lot of eBay stuff online, but when I feel the need to get rid of things, I’ll post them on eBay and try to make some of my money back (or make some money in this case).


The Wrap Up

For 2019, the amount of Side Hustle Income comes to $15,812.06. The fall will be interesting as far as Side Hustling is concerned. I am looking to get to about $22,000 before the end of the year. This would me I would need a little over $6,000 between now and December. With 16 weeks left in the year, that would mean I need to side hustle, on average, $371.35 per week. I think that is very doable, but I also said $800 - $1,000 a week during August was doable.

A strategy change in my side hustle income is that I am putting most of it towards a down payment on a new home. As life changes, so does the finances. In July of 2020, my lease expires and I think it is time to stop paying rent and actually buy a home. This would mean that I would need at least $40,000 - $50,000 in a home down payment. I am running numbers everyday to see what I actually need versus what I need to get to 20% (I am not at a point where I think I can put a 20% down, but I don’t want to pay PMI). Currently, with all of my side hustling income and other savings, I am at about $17,000 with maybe an additional $3,000 for expected tax refund (it’s not really a refund, but based on my calculations, the $3,000 sitting in my savings account for tax payments will probably not be paid because I won’t owe that much). If that is true then I have $20,000. To get another $20,000 in the next 6 months will be tough, but I think I have a plan to at least get another $13,000.

If this is the first time you’re reading one of these reports, you should know that generally speaking, none of this income goes to everyday expenses of running my household. I say that with a small grain of salt because a portion does go to pay credit cards and sometimes expenses go on the credit cards and so theoretically some of this income does goes towards everyday expenses, but its a little complicated even for me to digest.

That is it for August 2019. Over $15,000 of side hustle income for the year.

Until next month, keep on hustling.

If you have any questions, shoot me an e-mail at hello@financialgrit.com or leave a comment below.