Thursday, May 17, 2007

$200 Toward Debt

Paying down debt is such a slow process! It can be frustrating at times. Today, though, is not one of the frustrating days. We put another chunk toward becoming debt free.

As I've mentioned before, in addition to our normally budgeted amount, we use money earned from extra sources, like this blog, or ebay to pay down debt. The money to accumulates in Pay Pal, and then we pay an extra payment to debt when the amount reaches $200. Today, was that day.

Where did that money come from? About 1/2 of it came from Pay Per Post. The rest came from a paid survey site called Panda Research. If you are not familiar with these types of sites, they term "survey" is a bit deceptive, in my opinion. You actually get paid to accept offers, mostly to try products. Often you have to pay shipping or another small fee, but you do come out well ahead after you are paid. Through this site, I made money to try Netflix, Blockbuster, Hydroderm, and a few other things.

It was fun to get paid to try things we normally wouldn't buy, but making money on these "paid survey" sites requires a bit of time and organization on your part. The offers are almost all for a trial period. After that period is over, you are charged full price. When I completed an offer, I'd immediately write the cancellation date on my planner. Then a day or two before that date, I'd call or get online to cancel the service.

If you are interested in this kind of thing, I'd recommend Fusion Cash over Panda Research, just for the simple fact that Fusion Cash lets you cash out at $25. Panda Research makes you wait until $100. Fusion Cash also has a lot more selection.

It feels great to be able to make an extra payment toward debt. It is a slow process, but we are making progress. A little saving here, a little earning there, and one day we will be debt free!







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7 comments:

Amy said...

Great job working towards paying down your debt. It is a slow process, as we are trying to do the same thing, but it feels so good when you can dump a good chunk of change towards it off of "extra" income! Congrats on your payment!

Cindy said...

Thanks for sharing other earning opportunities on this blog entry. I like knowing about other ad ideas out there. I just sent you a PM about this too.

Summer said...

Thank you for sharing this. I hope this helps others find a way out of their debt.

Thanks for being part of the Carnival of SAHMs!

Anonymous said...

Hey, while searching for widgets for my blog, I stumbled upon www.widgetmate.com and wow! I found what I wanted. A cool news widget. My blog is now showing latest news with title, description and images. Took just few minutes to add. Awesome!

Alexandra said...

Good earnings! Do you do paid to surf type sites? I do Mypoints which is pretty good. I just got a $50.00 gift card for Walmart. We earn faster because we use the Mypoints credit card which we use like a debit card...it gets paid off every month with no interest payments. You can request a lower your credit limit so you are not tempted to go over your budget.

Jen @ JenuineJen said...

Thanks for the tip! I am interested in doing some of the survey sites but a little hesitant because some of them seem like scams. It helps to know which are legit.

Amanda said...

Thanks also for these tips. I've wanted to do sme surveys, but like Jen said, I don't want to get involved in a scam. I appreciate the insider info.