Long time no post! So in an effort to minimize my stuff and also make some extra cash for debt, I started thrifting and reselling! It’s been fun so far, but I have a confession to make: I’ve let my spending get loose in the last month.
The purpose of having a side hustle for me is to make a little extra income on the side, however I’ve been putting my own money into this venture and my goal in September for my side hustle will to use my income from this only to fund this venture. That means using the income I bring in to buy source items to sell, buy shipping supplies and pay for shipping, etc.
I have a second checking account which I designated for “business expenses”. When I withdraw my earnings from paypal, Poshmark or Mercari I’m transferring 20-25% to that account then putting the rest towards debt.
So far this month I’ve made over $700 in sales and profited $350! I can’t wait to keep it going as a fun, income generating hobby and I don’t plan to let it put me further in the hole!