Side Money Challenge update 1

I completed the December – January 15th challenge of $600. Now to be completely honest here I knew this one was going to be easy. I knew in advance I had a check coming in from John Deere to reimburse me for travel expenses. Now if you’ve ever been reimbursed for travel expenses we all know that $.55/mile is more than enough to cover both gas and wear and tear. So naturally I profited about $300 from that trip, but left without an internship. Anyway, that only left $300 more to go which was handled through resale, dividends, interest, credit card rewards and short-term stock sales for the most part. The final push that got me to the finish line was actually a $100 cashback reward on my Visa card for spending “x” dollars in 90 days.

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This allows me to get a head start on the next objective which is $1,000 by the end of February. This one will be the real challenge considering I will be back in school which will take up most my time and I don’t have a couple hundred dollars coming in already. I will update you all on how this next objective goes.

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