Side projects and Extra Income

Since the last post I have paid $311 on my student loan, of which over $220 was interest. I have also done a few side jobs which should help supplement my income, to the tune of over $300. Which I have yet to decide what I should do with the profits (after I pay taxes). Here are the choices I can do:

  • Throw it into my E Fund - This is actually the most appealing option as I am making efforts to increase the balance. Yet I’m not sure if it’s the most efficient use.
  • Set back for School - I know come December/January I will be needing new books and I want to keep up not taking out a loan. Alternatively I could set it back for my Western expenses. I should be starting in the Fall of 2013, if everything goes the way I want it to.
  • Leave it in my Business – This option would mean I leave the profits in my business as a cushion, for future payments.

The most likely candidates are to set it back for school and as a business cushion. I think I will split it half and half and keep on planing.

On a side note I want to get another one of my goals started, and that is to run several sites for profit, maybe even do an E-book or two. I have a feeling that Western will be more then i can afford and I want to ensure that I can go.

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