How I Cleared $10,134.72 of Debt in my First Month


How I Cleared $10,134.72 in My First Month

A month ago, I shared that I was managing The Thrifty Issue now and had almost $60,000 worth of debt and a couple of HUGE upcoming expenses.

This month was unusually good due to some overtime pay from last month but that will not happen every month. I also lodged my tax and got an ok return.

A few of my regular payments continued so they helped clear the debt.

I didn't get as much time to trial side hustles this month so that will be a focus next month. Read about what worked best and what didn't for how I cleared this much debt.

How To Improve Your Finances in August

If you live in Australia, now is a good time to have a look at both your tax return for this year and how you can make it go further, as well as planning to maximise things this year.

Check out how to make it go further here.

How I Am Making More Money

I don't have overtime this month so I am testing all the side hustles I can that Kylie shared on The Thrifty Issue before I took it over, starting with this list of 80+ (I will not get through the 80 this month of course!)

One difference is I will be tracking how long each one takes me, how much I make and the energy it takes (because somethings simply require more physical, emotional or mental labour than others).

If there is a side hustle you want me to try, respond to this email telling me about it.

Our Meal Plan

For the next 3 weeks, we are trialling EveryPlate as they are Australia's most affordable meal kit. Our first box comes next week but you can get up to 40% off your first 5 boxes here. Use the code THRIFTYEVERYPLATE

So far the butter chicken and Mexican beef bowls have been the favourite. We have recipes we are really looking forward to trying next week too.

What I Am Reading

How to Raise Rich Kids because I really wish I knew more and my parents had set up some of these things. I have been going deep down the rabbit hole of how to create generational wealth for my kids and set things up like wealthy even though I am not there yet.

Acting like I am, making decisions as if I was and setting it up now means as my income and assets grow, I am in a better position and not having to learn suddenly.

If you have any book recommendations, tips or are a professional specialising in wealth creation, I would love to hear from you to share tips with our readers too as I am NOT a professional!

Discounts For You!

We have a huge list of freebies and discounts here.

A few popular ones include:

Up to 70% off at LoveHoney
WeMoney is a budgeting app that can help you improve your financial situation. Get $5 when you sign up here.

Up to $100 off wine: Try Naked Wines and get up to $100 off plus free delivery.

The Thrifty Issue Community

For more and to connect with others check out The Thrifty Issue Facebook group, Facebook page, Instagram, Pinterest.​

The Thrifty Issue

Tips to make and save money, especially for Aussies. How I am clearing $59,973.72 worth of debt,As featured on ABC, Nine and Channel 7. Sign up for weekly tips plus freebies and discounts.

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