Money Matters: Cutting Back on Your Spending

As a hustler, one of our biggest obstacles is money. I mean, isn’t that the reason we got into side hustlin’ to begin with? But not just making more money, but managing it, saving it and as we all do at some point, spending it. But sometimes we forget to shift our mindset about our money from spender to saver.

One of the best ways to get in the habit of saving more of our hard earn extra greenbacks is to start cutting back on the things we’re already spending on that we don’t need.

Side hustlin’ is not about wants, it’s about needs. Supporting the needs, fulfilling the needs, saving for future needs and of course, needing to earn more. Wants go out the window (at least for a little bit).

To help you better manage your side hustlin’ money, cut back on your Starbucks or Coffeebean drinks. Skip Kindle for your books and go to the library. They got digital copies too, now. Pack snacks for on the go and lunches for work. Bring water with you wherever you go to avoid the temptation of spending on convenience store drinks. Limit your Uber or Lyft rides to a reasonable number and on a need basis per month. Shop at the Dollar Tree for office and work supplies. Need a better outfit to impress a prestigious client? Good Will. Or ThredUp. Or Poshmark. Second hand is your friend.

As you can see, whatever you need to get your side hustle off the ground and start bringing in real dollars begins with you first changing where your money goes. If you wanna see more money coming in, start by letting less money go out. Then your side hustle money will really look good. Hello!

Money Tip: Get Refurbished

I’m looking around my apartment right now and I just realized everything (just about everything) I own is second hand. From my couch, to my dresser, my kitchen table and chairs to my HP Chromebook laptop, all of them are second hand.

Now my laptop wouldn’t necessarily be called “second hand”. I think the PC term (no pun in intended) is “refurbished”. I bought my laptop about three years ago to the date from Staples for less than $300. And I had the intention of using it for only side work and gigs, but I use it for everything now. And it’s held up pretty well. I even purchased an additional warranty just for peace-of-mind sake. Now, I gotta cracked screen at the moment that has nothing to do with its performance or life expectancy. Just me forgetting I am too big to be lying onto something that’s already flat. But my refurbished laptop has been one of my most prized investments that I use daily.

Do you know what refurbished means. Same body, new interior. Meaning, what makes the computer run has been upgraded to new, the shell and frame have had other owners.

And I love it. Like I love all my second hand pieces. I enjoy not paying full price for something that is just as good as when someone else bought it.

And I encourage others to live a little. Save money and buy second hand.