Skip to Content

How I Made $2,750 Extra This Month #2017FlipChallenge

How I Made $2,750 Extra This Month #2017FlipChallenge

What I did to Make an Extra $2,750 in a Month

Almost a month ago I posted about making an extra $20k this year (mainly by ‘flipping’ items) and how you can do it.

You can read it here. (Edited, I now make $10,000 a month reselling things. Read about it here).

I said it worked out to be about $2,000 a month, so here’s my breakdown for extra cash this past month which worked out to be $2,710 plus with a few other savings I was able to make I stashed aside an extra $4,500.11 in my savings!

Disclosure – we do use affiliate links for products and services we use.

1. Sold Stuff I Already Owned – $2,120

I sold some jewellery and a few other things for $2,120.

While the jewellery is technically worth a lot more, I wanted it gone and the price was good enough.

I had tried selling it privately a few times and it didn’t work, so I took it into Cash Converters and wasn’t totally offended by the price offered.

With a little negotiation, I managed to push them up a little from their original offer to a figure I was ok with.

I wanted it done by a certain time and having it gone made me feel so much lighter. That alone was worth more than the money.

2. Bought Things To Sell – $15

I only sold 2 items ($25 total, the purchase price was $10, so $15 profit as my fees come into the postage cost).

Although, I also picked up a few things on the $2 rack that are currently listed for around $10 each.

Considering the main aim of this was to buy stuff to sell, it’s not a great start!

I explain why I couldn’t do as much as normal further down.

3. Extra Services – $575

I did a few extra services I don’t normally do this month resulting in an extra $575.

I have a variety of skills including being a qualified hairdresser and beautician which sometimes come in handy when I have the free time and feel like it.

Total extra for my first month – $2,710

Bonus Extras

On top of the extra income, I did a few things which saved money.

While I am a huge advocate for finding ways to make more, saving money and money management is crucial to financial success.

1. Refunds – $755

I went over my expenses, services I am paying for or have paid for to cancel what I don’t need.

This resulted in $755 saved. One was a service I had cancelled then this month they deducted the service fee.

I saw it immediately and had it refunded, plus confirmed the service was cancelled. I decided to put this straight into savings.

Another part of this was a service I paid for last month for 12 months, but no longer need as I found a free alternative.

They happily refunded the remaining 11 months. The last part of the $755 was an online order I did for click and collect which did not arrive after a week.

It was meant to be for my birthday and taking over a week meant my birthday had passed.

Their customer service was atrocious both in-store and on the phone, so I won’t be ordering from them again.

2. Reduced Rent – $600

Long story, essentially I was interstate most of this month and did not have to pay rent in Melbourne because of it.

I paid a nominal amount where I am staying but this saved me another $600.

Problems This Month

We all hit a roadblock at some point. This month I had a few problems which reduced what I could do.

I think it’s important to acknowledge and learn from these issues.

1. Issues in my Personal Life

I had a few issues, resulting in me leaving the city for a few weeks so I was not home to be able to buy stuff, list it and store it.

It’s kind of hard to do a flip challenge when you don’t have space or time and are travelling.

2. Kids Around 24/7

I love my kids dearly but due to the issues mentioned above, we have been together 24/7 for most of the past month, including school holidays.

Normally I would have them in vacation care some of the time.

This severely reduced my capacity to work at all, let alone do the flip challenge.

I’m happy with what I did achieve though and we had a great time together.

My Thoughts on the 2017 Flip Challenge so far

I have an extra $4,500.11 in my bank account, so to me, it’s an awesome challenge.

I haven’t completely done the ‘flipping’ part as well as I planned, this month I will focus on that more.

My overall aim was to make an extra $20,000 in 10 months, show how you can and hopefully encourage others to do things to make money.

Are you doing the 2017 Flip Challenge or another money making challenge? 

You might also like:
51 ways to make money from home
The Best online survey sites in Australia – to make it easy my best earners right now are Swagbucks, and
31 Ways to make and save $200 or more.

For more ways to make and save money follow us on social media:

The Thrifty Issue Facebook Page
The Thrifty Issue Facebook Group
The Thrifty Issue Instagram

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Marilyn vorobieff

Wednesday 2nd of January 2019

Love your site,I love the idea of Flipping I've tried it last year to no avail, I seem to be demographically challenged.I live in the blue mountains)

The Thrifty Issue

Wednesday 2nd of January 2019

I used to live in Western Sydney. If you're ever down St Marys, Penrith or Minchinbury there are a few good ones down there (well, there was). Queen St in Sy Marys had Anglicare (that was amazing) and Vinnies on a little side street that were great. Minchinbury Salvos had a huge bargain basement section that you could sometimes fill a bag for a few dollars etc.

This site uses Akismet to reduce spam. Learn how your comment data is processed.