At the end of January, when everyone was still flying high off the idea of New Year’s resolutions, the Sisterpack decided that each sister would take on a financial challenge – big or small – each month in 2015. (Errr, well… starting in February!) These goals could be anything to do with financial self-awareness, saving or spending habits, or developing creative side-hustle ideas! The possibilities are endless! (And so are the $$$)
My February challenge was to make – and save! – $500 from my freelancing work. Basically, I had to save $500 in one month from only one half of my income streams (I also work a steady part-time job that keeps the income flowin’ while I build my business).
I didn’t quite make the cut this month. I saved $100. Whoops.
Freelancing has been my “side hustle” since I graduated and I’ve been working to make it my main income stream since I started.
Granted, I knew from the beginning that saving $500 would be a stretch since most of my freelancing work depends on the availability of work from clients, and how much time I dedicated to pitching and networking. But hey, #startsmallfinishBIG am I right?!
I set the $500 challenge after looking over what SMART goals are: Specific, Measurable, Achievable, Realistic, Timely. It could be argued that I glossed over Achievable and Realistic, but sometimes you’ve just gotta aim really high!
While I didn’t achieve my goal (since, y’know, bills are a thing), I got assigned an article for a local newspaper I write for, edited content for a website redesign and, through networking, I gained an ebook editing and formatting project that will be worth more than $600 in the end. That’s almost $1,000 manifested in February after a slooow January. Woo hooooooo!!
My real challenge, it seemed, was to simply make more money freelancing so that I could justify socking away a huge chunk of change. I learned so much about the value of negotiation and networking in February. (But that’s another post for another day )
My March challenge:
To get a job interview set up in a foreign country. I’m going to Liverpool, England for two weeks at the end of the month (it’s also where I plan to move next year!), so I’m laying the groundwork. Wish me luck!
High fives and good vibes!
Resident Reporter + Chief Editor