Better late than never, right?
In line with my behavioral overhauls for 2021, I'm starting this year with a bit of a risk. This month, I'm going to divert funds to completely pay off those damned payday loans, then try to structure my life so that I eventually have no reliance on them whatsoever.
Here's what that might look like in January 2021:
JANUARY 2021 SSDI DISTRIBUTIONS
- 47% - RENT
Yes, it's still too large of a chunk of my income. However, until I get my credit repaired, it's one of the few places that will let me move in. I have some ideas on how to repair my credit, but that will be a long-term effort.
- 41% - PAYDAY LOANS
Another high expense, to be sure, but I intend to drop this to as close to 0% for the remainder of the year.
- 5% - TRANSPORTATION TO LAUGHLIN
One of my friends gifted me with a two-night stay in Laughlin. I'll treat it as an author's retreat, focusing on working on my personal projects. However, getting to and from Laughlin is a bit of a challenge. Unless I can find a cheaper alternative, my best "bet" may be a pricey airport shuttle.
- 4% - GROCERIES
I've recently acquired a prepaid CashApp card. One of its benefits is an array of "boosts" that either provide cash-back periods or apply discounts to certain vendors. By loading the CashApp card, I can save 10%-15% on my weekly grocery trips.
- 2% - BUS PASSES
I'd like to have 6-8 daily bus passes handy for errands and tasks for which neither walking nor Lyft are the best options.
- 1% - MISCELLANEOUS
Whether it goes towards an investment or an indulgent meal depends on my mood when the payment arrives.
JANUARY 2021 3GM PAYMENTS
- $10 - LAUNDRY
Clean clothes are always a sound investment.
- $10 - A BOND FROM WORTHY
Worthy is a bond service that sells $10 bonds to investors and uses them to provide loans to small businesses. The bonds have a 5% APY, so all it would take for me to add this to #SatoshisSaturday is to get 8 bonds to calculate a $0.01/day return.
- $10 or 10% - VEGAS VACATION FUND
With my debts to my friends cleared, I talked to my friends, and I've decided to start a Vegas Vacation Fund to help my friends take Vegas vacations. At my current financial power (or lack thereof), I won't be able to pay for much more than 1-3 meals and perhaps a chunk of the resort fees. But now that I'm done paying my friends back, it's time to start paying them forward.
- WHATEVER'S LEFT - GROCERIES
Microwaveable broccoli won't pay for itself, after all.
- WHATEVER'S LEFT AFTER GROCERIES - EITHER INVESTMENTS OR LYFT CASH
Either way is a better use of my money than the casinos.
JANUARY 2021 INVESTMENT PRIORITIES
- PRIORITY ONE: HASHSHINY
A combination of the rising price of Bitcoin, my external deposits, and my reinvestments makes me very close to my "reinvest every day" goal, which would allow me to focus on the other five cryptocurrencies that the site offers.
- PRIORITY TWO: BTCFOX
Next week, I'm going to perform a long-overdue trust test on BTCFox. If the withdrawal works without issues, I'll make more frequent external deposits.
- PRIORITY THREE: STOCKS IN CASHAPP
CashApp's functionality to buy partial stocks means that I can invest in virtually any stock that CashApp offers. However, I'll focus on Vegas-centric stocks so that I can TAKE OVER SIN CITY! BWA HA HA HA HA HA HA!
- PRIORITY FOUR: CHICKHEN
This silly bird game can lead to serious crypto paydays if I'm willing to invest more into it.
- PRIORITY FIVE: COIN BIRDS
This silly bird game etc.
- PRIORITY SIX: INTEREST-BEARING CRYPTO ACCOUNTS
I'm experimenting with a handful of sites, but I'll wait until I have quantifiable results that I can share.
- PRIORITY SEVEN: SPLINTERLANDS
Until/unless I have a significant number of high-level and/or highly-rare cards, I can't hope to make even $0.01/day by renting out cards.
Admittedly, this will be a belt-tightening month (except for the author's retreat/belated birthday trip), but it will put me in a better financial position for the rest of the year if I can pull it off.
Also, I did not forget about the cell phone bill. I'm working on a way to reduce that to zero or close to zero. More on that later.
Until then, keep balancing those budgets and bits, everyone!