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Trimming a Budget with nothing to trim

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Mighty Bargain Hunter depicts a situation that isn't often addressed in the personal finance blogging world - what happens when you've trimming all you can and you still barely get by. One of the reasons it's not discussed as much is that it's really hard to give advice in that situation. It's very easy to say, "bring a bag lunch to save $5 a day", but how do I give advice on earning more income?

Might Bargain Hunter takes a good shot at giving advice with some great ideas. One of them is to move, and I agree wholeheartly. I've been thinking that my fiancee's sister should move from Boston to a lower cost area. Her income just doesn't support the basic cost of living there.

Another idea was to start a blog. If you are reading this, you know that I've done just that. He does mention, "This is a shoestring business that can bring in an extra $100/month without much problem within a few months." Without giving details on what my blog is making I must be doing EVERYTHING wrong. If I had to guess, I'd say that fewer than 1 in 1,000 bloggers get to the point of making $100/month in just a few months.

Last updated on December 14, 2006.

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3 Responses to “Trimming a Budget with nothing to trim”

  1. mbhunter says:

    Thanks very much for the mention in this thoughtful post.

    The $100/month in a few months was my experience but my apologies if it was discouraging. You’re doing a lot of things right on your blog (regular, quality posts being the primary one).

    Keep up the good work!

  2. i’ve been blogging for a year and i’m close but still not there. when you add it up, i’d probably make more money working at starbucks!

  3. Thanks for the comments. In the end, I’m happy to just share the experience. That’s its own reward right?

    And mbhunter, that $100/mo. figure is nothing but encouraging. I’ve got nowhere to go but up! :-)

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