Double My Emergency Fund Challenge: Week 5 Results

Things are getting rosier and rosier each day for me. Good karma from not being so stingy when it comes to sharing what you have occasionally is so speedy that I’m almost done with this challenge although I still have three weeks left to complete doubling my emergency fund of $500. Yeah, maybe that’s the reason why I’m not encountering as much difficulty as I’ve expected in surmounting this financial management challenge I’ve set up for myself. So what’s this jubilation all about?

The original plan is to get most of the funds from the two new blogging jobs I got and other blog monetization methods. What happened is just before the month of May ended, I was able to close deals with two new clients that have contacted me to do contract work - one data entry tasks and one on SEO content writing. So I can include my payout from them as extra income to boost my emergency fund savings!

Now take a look at my fifth week results for this Double My Emergency Fund Challenge compared to the fourth week results :

Target = $500

Windfall = $36 (no change)

ReviewMe = $40 (no change)

Temp Blogging = $45 (no change)

Text-Link-Ads = $54.24 (no change)

AdBrite = $14.85 (no change)

Data Entry Contract Work = $35

Writing Contract Work = $155.55

Balance = $119.36 (-190.55)

When I receive my payout for May from the two blogs I write for, which is roughly $200, I will even have an extra of about $80! But too much for counting the chicks while the eggs haven’t hatched yet. So I’ll just cross my fingers first so that nothing would stop the payout from reaching my hands.

Tags: emergency fund, extra income, contract work