So my fifteenth $1,000 has come from a variety of different sources of savings…it is definitely getting harder but each time I seem to have a breakthrough.
One of my biggest savings was actually an old dress….from doing the 30 Day Minimalism Game, I found an old dress that didn’t suit me anymore so I went to sell it on eBay. And in the meantime I had my eye on a new dress which I was going to layby….
But when I went to sell the dress on eBay, I had a second look at it and realised that if I cut out the shoulder pads and took the hem up, that it was actually quite a nice dress and would be perfect for the event that I have coming up. Which meant all the money that I had been saving for the new dress, (less alteration costs) I could put towards The $1,000 Project.
Plus, I had a special dinner that was booked in with some girlfriends, however it was cancelled last minute due to a few people being sick. So the money that I was going to spend on the dinner, I redirected to The $1,000 Project. Here is my summary….
$400 – dress savings less alteration costs – check out my “new and improved” dress on my Instagram account
$160 – Market Research work
$100 – cancelled dinner
$15 – Toll Dividend
$135 – eBay
$80 – Market Research work
$110 – Sold clothes to a girlfriend (I was going to put them on eBay but she begged for them)
I have just invested the $1,000 into some more Bank of Queensland stock thanks to my trusty Stock market research from Morningstar, so my estimated passive income is now up to $793 p.a. which means that I am 39.65% of the way towards my goal!
Canna Campbell is the founder and director of SASS Financial Services, a boutique financial planning firm. She is Channel 9’s exclusive ‘money expert’, founder of financial media platform SugarMamma.TV and best selling author of The $1000 Project and Mindful Money.