Labor Day: Relaxing or Laboring?

Happy Monday/Tuesday! I don’t know about you all, but it was nice to have a 3 day weekend away from my FT job, so thanks for that Labor Day!

Unfortunately, my weekend was not actually spent celebrating with a long, luxurious bubble bath. Though I kind of wish it was, but with modern technology :)

Anyhow, prior to dedicating all of myself, including all of my money and spare time, to making more money and getting out of debt sooner rather than later, I probably would’ve used this holiday weekend in one of two ways like most Americans: shopping for “good deals” at Labor Day sales and acquiring more stuff I don’t actually need, or drinking beer and grilling something not entirely healthy.

Alas, now that I’m older, wiser, and trying to hustle my way out of debt, I spent most of my Labor Day weekend laboring (aka: working).

Friday evening was spent catching up on some much-needed sleep. Then because I went to be so early on Friday night, like 9 pm, I decided to sleep in until 10 am Saturday. Whoops! After I finally woke up sans alarm, I worked on stuff around my house that I’d been neglecting all week before heading in to my PT job Saturday afternoon and evening.

Sunday, I decided to be a good girl and I set my alarm for 8:30 so I’d still get some sleeping in time, but I could also get up early enough to get some work done. I finished all of my neglected household tasks, spent a bit of time vegging in front of the TV, and then spent the evening with my family.

Due to my not-entirely productive Saturday and Sunday, Monday was my craziest day of the weekend. I had lots of things to do before starting the work week at my FT job, like completing some freelance tasks, cleaning the office building in which I work for my FT job, mowing my lawn, and lots of Paleo food prep for my challenge that started today.

Lest you start to think my whole weekend was spent laboring, I did get to spend a bit of time here and there relaxing in front of the TV or watching my eyelids, which is something I actually enjoy.

I’m also glad that my priorities have changed. No longer do I feel the need to do cliché things for each holiday weekend. Yes, I still take part in some “traditions”, but I don’t feel the need to give in to huge consumerism traps, like holiday “sales”. Instead, I spent most of my holiday weekend being productive and working toward my life’s goals, plus I got double paid on Monday (holiday pay from my FT job, plus I earned some money for my freelancing jobs too). Who can complain about that?

How did you spend your holiday weekend? Did you give in to holiday traditions and consumerism traps, or did  you spend your holiday in a more productive way to help you reach your life’s goals? Tell me all about it below!

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3 Debt Reduction Hacks

No one likes to be in debt, and many people spend a lot of time, energy and effort working out ways to manage their finances in the most efficient way possible. However, if you’ve spent your whole life thinking and operating a certain way, learning to be more creative about your debt reduction processes may not come easily. If you’re not sure of the best way to maximize your income and minimize your debt, the hints and tips below may help you out. You can also learn a lot about reducing debt quickly from wealth creation experts. Many websites offer free information on this very subject. To find out more about creative debt reduction hacks visit wealth creation training organizations like Knowledge to Action or click here .

Add More Income Streams

The more money you can get flowing in the door, the more you can pour into your debt. This can means anything from taking a second job out of your regular work day hours, to setting up some sort of an income with an online business. Selling your spare stuff can raise more cash; so can ensuring everyone in the household contributes to your debt reduction targets. If one of the members of your household can’t get out to work, be they a stay at home mum or a teenager, see what else they can do to either raise money or cut expenses. Can the teenager take on some babysitting gigs? Can the stay at home mom work from home at all?

Cut Back on Expenses

Cut costs to the bone. Work out your basics; transport, food, rent, utilities, and add a little fat in there if you can (no more than 10%) – and draw your line. It’s tough living on a stringent budget but remember that it doesn’t have to be forever. Once you’re free and clear of the debt bogeyman, you can adjust your spending and lifestyle accordingly – although it’s a good idea to avoid traveling on the debt treadmill again. Take stock of all your household expenses and draw up a budget for everyone to work within. Involving everyone in your household is a good way to ensure a collaborative effort.

Get Creative

Look at conquering debt as a challenge; see how fast you can do it. Get your household together and fire them up; plan a group reward for when you achieve your goal. If you’re taking on a big pile of debt, set up some milestones to achieve along the way with some rewards that cost very little. Make sure your goals and mini-goals include both amounts raised and/or saved, as well as time frames met or exceeded. Perhaps a picnic somewhere could be your group reward, or a celebration at home where friends come by and bring a plate of something yummy.

When taking on your household debt it pays to think creatively. Try seeing the project as a challenge and get everyone in your household involved. That way you can all share in your success.

Got any of your own debt reduction hacks not mentioned here? Share your best tips with others in the comments box below.

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