Wut up. (Yep, I’m still saying it.)
We’re half way through June so I just wanted to do a quick little life/goal update so that I can remain accountable with the things I’m trying to accomplish.
Junes Goals Update
Just to give you a quick recap Junes goals were:
- Earn at least $2,500 (should be cutting it close…..)
- Work on Kailyn’s Summer Kindergarten Homework Every Day (Ahead of schedule.)
- Finish the eBook I’m Working On (Working on it. Although I want this book to be awesome and filled with value so I’m thinking I may need two months or more to pull it off. We’ll see.)
- NO EATING OUT – not even one single time in June (Yes!!!!! First time ever!)
I’m doing pretty good with my goals. Especially the eating out. It’s kind of embarrassing to admit, but it’s been awhile since I’ve went 18 days without eating out. And best part is that my eating out cravings are gone!
On the flipside I’ve been spending a lot more in groceries. I’ll tally it up at the end of the month to see how much my grocery spending increased.
As far as earning the $2,500 I’m pretty close. I think I’m around $2,200 total for the month (some payments still to be received) right now.
I also just interviewed for another virtual assistant job on Monday. Not for sure if I’ll get it, but if I do I should have no problem meeting the $2,500 mark.
Fingers crossed.
I Found My Savings Motivation
A few weeks ago I shared that I had nothing motivating me to save. Which for me is pretty bad, because when there’s nothing that I really want I tend to slack off in terms of trying to earn and save more money.
But luckily, I have now found something that makes me want to really save.
I think I’ve shared in the past that I love real estate. I actually took one of my large income tax refunds when I was about 22, put it down on a $25k foreclosure, and flipped it within two months. I netted $9,000 off of that flip but I haven’t done it again since then.
And the reason that I haven’t done is that I just can’t find the right house. (Plus I need to save more.)
You see, I actively watch all the real estate in my area waiting for the next good deal to come up. And since I have a really good family friend who is a real estate agent I always ask him to show me houses that I think might be good deals.
Well….I’ve never come across another house that just gave me “that feeling” until now……
The New Foreclosure
A new foreclosure just popped up and it is absolutely beautiful! (Well beautiful is a relative term. I should probably say it has the potential to be absolutely beautiful.)
It was just repossesed earlier this month so it hasn’t been listed yet. I’d say it will probably be another 6months to a year before it hits the market.
(We have so many foreclosures in our area that the banks don’t list them all at once because they don’t want to flood the market.)
And the other problem is I don’t know how much this house will be listed for. Compared to other real estate in my area my guess is about $40-$50k.
But I do know one thing……I am in love with this house.
(I’ll go back out and take some pictures for you soon. I didn’t have my camera on me this past weekend when I looked at it. Darn it.)
So I am thinking this could be the PERFECT flip house. It’s something a woman will fall in love with as soon as she steps on the front porch. The exterior of the house is awesome. It’s brick and stone sided, with beautiful front and back porches. But the inside? Well the current pink carpet and ugly wall paper will need to be swapped out. Easy.
Now I need to aggressively save so that I have the ability to snatch this thing up as soon as it hits the market.
I know you’re thinking I’m getting my hopes up on something that could go wrong in so many ways. And I admit: I am. But I don’t care.
This is the first time since I quit my job that I have actually been excited about saving my money so I’m going to roll with it.
What about you? How are the June goals holding up?
Hooray for having the control to not eat out! It is one of my struggles. Sigh! But I hope that not eating out is not the reason for the increase in grocery expenses or could be because maybe you cook more this time? As long as it would mean better savings than eating out, why not? Here’s to more fantastic achievements come end of June.
Glad that you have found something to motivate you to save!! When would you know for sure the amount the bank will sell the house for? This sounds interesting and would like to know the process. I have to give it to you for not eating out at all. I failed at that this month. 🙂
I would love to flip a house if I could ever find the time! I love picking out paint and carpet and doing the grunt work.
I’ve been watching alot of Flip Or Flop on HGTV and it’s really gotten me intrigued about house flipping! Unfortunately, since I’m in NYC, it’s almost impossible to do it unless I had a lot of cash…which I don’t 🙁
Congrats on the not eating out. Home cooked food is so much healthier, cheaper and I always feel so accomplished when I make a meal the family enjoys. Your last blog finally gave me the help I needed to set my June goal. I have come up with an idea (finally) for a website that I hope to garner some passive income from. June’s goal; research, research, research. Thanks again for everything, Alexa.
wow, a whole month without eating out…pretty impressive. We don’t eat out often but it’s tough to make it a while month. Good luck with the VA job. I’ve been getting really interested in real estate as well…but not flipping. I never thought I could get into real estate since NYC is so expensive but many bloggers have mentioned buying in lower cost areas and having someone manage it. We’ll see…
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Congrats on your June goals and new found savings motivation! I would love to flip a house some day, however the housing market here is a little too expensive for that right now.
I love ugly houses! I have a crush on a house every month or so. I’m like a Jr High school girl with houses! When one of my houses sells, I’m so bummed. Then, I follow something else. I have two on my radar that aren’t listed and one or two that are. One is really cute and waaaaay more expensive! My current crush has been on the market longer then I thought. Why ? I realized that most people think it is ugle. The kitchen is dark cabinets, orange formica and no appliances. I look at it and see white painted cabinets and second hand appliancess. Poblem fixed. The living room has nasty shag carpet but I “see” the hadwood floors underneath. The yard is a mes because no one has been taking care of it but the old Japanese maple and roses are all going to be fabulous again …. We have to wait, save money, and qualify for a loan! : )
It’s good to hear that you are doing so well with your June goals and especially that you have a new reason to boost up your saving and prepare for when the house hits the market. Having the right motivation does wonders and I am sure you’ll be able to pull it off and score an even bigger profit than you did with your first house flip! Good luck!
Wait a minute …. did you not eat out at all ? Or, you ate out and Dad payed for it ? ~ Christie
Great goals!! excited to see how you house flipping goes! i would like to buy a rental for the beach. i was looking at some condos online. Some condos were like booked out all year AND they had a beautiful view! but yeah the actual condo was worth about 400,000. A bit out of my price range. 😉
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Good job with the goals! That is fantastic. I envy your ability to not eat out. I need to work harder on that, still. Glad you found your motivation to save again, too!