How I’m Planning to Make an Extra £30k this Year

I’ve never been particularly financially motivated. I have always been ambitious, but as long as I could pay my bills I have usually chosen jobs that I thought would be a better fit, rather than the ones offering more money. I’ve run small businesses but I’ve always been more focused on recouping costs and making my products affordable rather than maximising profits. It’s not a great business strategy, but it has historically made me relatively happy.

Unfortunately, I’ve had a rough couple of years, financially speaking. I’m not alone in that. Between furlough, maternity pay and the cost of nursery fees my bank account has taken a bit of a hammering since the start of the pandemic. On top of that, I am a mother now, so my money isn’t just for me anymore, I need to be able to take care of my son. I couldn’t get life insurance because of my chronic illnesses, so while I have accidental death cover I can’t leave an awful lot for my son if I die of an illness.

Morbid, I know, but it needs to be talked about.

This year is a big year for me financially. We want to move into a larger house, I have an international wedding to go to and I am turning 30 this month and would like to be able to realise some of my bucket list projects. Plus, after a cancer scare last year, I feel really insecure about my health and want to make sure I have some savings put aside for my family in case I croak.

So, what am I going to do about it? This year, I have set a goal to make £30,000 of additional income.

How am I going to make extra money? Good question!

Crafting

I have always been crafty and creative, and this year I’m going to be making various things and selling them in my Etsy shop. I have come to accept that I am not a one-trick pony, I am a chaos horse, and there is no point trying to squash myself into a single product niche. I am going to make what feels right and what I enjoy making and sell them as best I can.

Freelancing

I have professional skills and years of experience in digital marketing. I have picked up some regular freelancing hours and I’m looking to take on more work ad hoc, like blogger services, social media management and content writing.

Other services

I am a cat-sitter and have a couple of previous clients with travel plans this year. I’ll be promoting this service more, and I’m considering taking on some dog walking clients as well.

handmade art piece by elena bjorn

Art

I have never been comfortable putting my art out there because I’m a perfectionist, but one woman’s anxiety-riddled splotchings are another person’s wall art. To that end, I’m going to start sharing my art more and offering it for sale.

Passive(ish) income

I have a few ideas for this, all of which involve a bit of set-up, so I’ll keep you informed if and when it pays off (pun intended).

This website

Ok, ok, I know this site is a little bit quiet at the moment, I do. But I’m going to fix that this year. Not only am I going to write more content, but I’m also going to work on monetising this site in a meaningful way.

You might also be wondering, why £30,000? The main reason is that I’m turning 30 this year, so it seemed like a good number to aim for. Plus, that is roughly the amount of income that I lost while I was on furlough and on maternity leave over the last two years. It seemed like an auspicious number, plus it’s quite a big goal without being completely unreasonable, so hopefully it’s enough to keep me motivated without becoming demoralised.

I’ll post monthly updates here to keep you all up to date with my progress, but I post daily updates on my TikTok (@elenamakesithappen), so follow me there if you want to know more!

Wish me luck, it’s going to be a big old year.

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