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Ways to Earn

How to Rent Out Your Spare Room to Earn Extra Cash

Do you need some spare cash? Is your main source of income just short of what you need? Try a side hustle such as renting out your spare room to make up the difference.

What you Need to Know to Earnearn, confident lady sweater vest

First off, renting a spare room probably isn’t going to allow you to quit your day job, but it can certainly bring you in some extra income! Some people rent out multiple rooms in their home and pay their mortgage each month with the rental money. You could even pay your house off this way! 

But, before you just let any random stranger move into your house though, there are a few things you’ve got to consider. If you are planning to rent short-term like for a few weeks, then check out Airbnb. Those who rent through Airbnb make a lot of money just for short-term rentals. If you are thinking more long-term, then take a look at some of our suggestions.

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Enter to Win a Pocket Full of Cash Inside the Spend Well Budgeting System

giveaway

Signup to win a FREE pocketful of cash inside the Spend Well Budgeting System Book!

Hi, Friends!  Welcome to Momma Money Sense where you can get FREE advice from a professional Julieaccountant. I’m Julie Tronsen, founder of this blog, and my goal in life is to help as many people as possible to achieve their financial dreams!

I am so excited to announce our next big giveaway!  Our last two winners were Autumn G. of Ortonville, MI ($125 Amazon Gift Card) and Jenna W. of Inwood, WV ($150 Amazon Gift Card). Who will be the next winner of a pocket full of cash inside the Spend Well Budgeting System book? This budgeting book is basically like the cash envelope system, but it is bound into a book. Really useful and handy and keeps you on track with your budget.

pocket full of cash giveaway

Photo courtesy of Carrie Elle

The reason we are doing these giveaways is to get more people to subscribe to Momma Money Sense. The purpose of this blog is to help people achieve financial freedom! I want to help as many people as possible to get their finances under control, get out of debt, and build wealth. As a professional accountant, entrepreneur, and college instructor, I have the answers to your money questions! And it’s all FREE. You can Ask the Accountant or get help with a variety of money management topics by reading the blog posts.

What is the Spend Well Budgeting System?

The book that we are giving away is the Spend Well Budgeting System. It was created by Carrie Elle. She has a shop where she sells super cute planners. But I really love her Spend Well Budgeting System because it helps you set aside the money for each of your budget categories. That way you don’t end up overspending. Carrie is so sweet that she offered my readers a 10% discount on any purchases you make. Just use the code MOMMA$ at checkout and you will get 10% off.

Sign up below for your chance to win.

There will be 2 winners selected. One will received the Spending Well Budgeting System Book and the other will receive the book with a pocketful of cash inside.  The giveaway is open to U.S. residents, age 18 and over. There is no purchase necessary to win. There are multiple ways to increase your likelihood of winning. The contest is being hosted by Gleam. The winner will be randomly selected by Gleam at the end of the contest. You must enter by October 6th to be eligible. The entries require tasks to be done in order to be valid. If selected, your task will be verified. Make sure to tell your friends. Each time you refer someone to the contest that signs up, you get another chance to win. Scroll down to enter.

(Please don’t enter the giveaway unless you are planning on remaining a subscriber after entering. Becoming a subscriber means you will receive weekly email updates from the blog with new blog articles, links for coupons and deals, and the latest news from the blog. The purpose of the giveaway is to get more subscribers to Momma Money Sense so that I can provide useful financial advice to people who need it. If you don’t need or want money management and wealth building advice, please don’t subscribe or enter. Thanks.)

Here’s Where You Enter to Win:

The Spend Well Budget Giveaway by MommaMoneySense.com

Lots of Freebies

If you like freebies, sign up below for a free printable budget workbook. Also, check out my FREE Printables page for many more items that can help organize your life and save you money. I will be adding more freebies each month. Plus, I will send out weekly newsletters to subscribers with lots of useful money management tips, deals, coupons, and freebies!

Topics Covered on Momma Money Sense:

  1. Money making ideas
  2. Tips on reducing your expenses
  3. Budgeting help
  4. Ways to get out of debt quickly
  5. Online deals and coupons
  6. Meal planning on a budget
  7. Frugal family activity ideas and tips
  8. Tax advice
  9. Home business advice
  10. Do-it-yourself ideas
  11. Tips to increase your income
  12. Ways to build wealth

giveawayPosts you might be interested in:

Come back soon for more money tips and don’t forget to enter above for your chance to win a pocket full of cash inside the Spending Well Budget System book!

The Spend Well Budget Giveaway by MommaMoneySense.com

Start a Blog in 13 Minutes or Less (Even If You Are Tech Challenged)

start a blog in 5 easy steps

You Can Make Money From Home by Blogging

Have you ever wanted to start a blog to make a little extra money? You might have seen posts online about how people can make thousands of dollars a month, just by blogging. Well, it’s true! There are mom’s all over the country that are quitting their day jobs because they make so much money from blogging. And you don’t have to be a computer genius to do it. It’s so much easier than you might realize.

I am a full-time blogger, and I don’t have to worry about money anymore! I have financial freedom because I started my own business at home. You can do this too. I just love being able to work from home. No boss to tell me what to do. I make my own schedule. I’m there when my kids need me, and I can work in my PJ’s if I want to! Blogging is a great creative outlet. Plus I get to help people and be a part of an amazing online community.

If you are dying to start your own blogging business, take a leap and set up your blog today. You can get your blog hosted for only $3.95 per month by using my signup link for Bluehost. And, I will give you step-by-step instructions on exactly how to do it.

5 Easy Steps to Start a Blog

All the steps to start a blog are listed in this Free Quick Start Guide to Blogging.

Step 1. Decide on a Niche.

A niche is basically the topic of your blog. Do you want to blog about money management advice like I do or something else? There are lots of great topics to blog about including fashion, crafts, food, parenting, marriage, hobbies, etc.

Step 2. Think of a Name for Your Blog.

Your name can be anything as long as the domain is available. My domain name is MommaMoneySense.com. Yours can be anything you like. But it’s a good idea to make your blog name similar to your niche. For this, do a brainstorming session to come up with 10 possible names. You will check the availability of the names in the next step. The Free Quick Start Guide to Blogging has a brainstorming sheet for step 1 and 2.

Step 3. Signup for a blog hosting service and get a domain.

I recommend using SiteGround or Bluehost to host your blog because they have the best customer service if you ever need help. Web HostingThe domain name is the website address. For step-by-step instructions on how to set up a blog hosting account and domain name at BlueHost or SiteGround, download the Free Quick Start Guide to Blogging.

Step 4. Install WordPress.

Once you have set up your domain and hosting service, it is time to install WordPress on your blog. WordPress is the software that allows you to write posts on your blog. It comes free with your hosting service, and I will teach you the exact steps to install the software in the  Free Quick Start Guide to Blogging. It’s sooooo easy!

Step 5. Install a Theme.

The theme of your blog is what provides you with the look and style of your site. There are plenty of free themes you can choose from. It’s such an easy process to install a theme into your blog, and it will look so professional afterward.

That’s it! Only 5 steps. Now for your freebie! Click here to download the detailed, step-by-step instructions with pictures to help you complete the five steps in my FREE Quick Start Guide to Blogging.

You did it! You started your very own blog.

After you start your blog, email me the website address and I will share it with all the readers. I’m so excited to see what you create.

My Favorite Blogging Resources

Here are the things that have helped me the most in my blogging journey:

start a blogNew Here?

If you are looking for help to set up a budget, click here. Come back soon for more money management advice from a professional accountant, entrepreneur, and college instructor. I can teach you to prepare your own taxes, start a business, budget, be frugal, make more money, save money, and so much more!

This post may contain affiliate links, which means I may receive a small referral credit at no cost to you while still providing you the best offer I’m aware of.  Please read my disclosure page for more information.

 

 

Do You Know Your Net Worth? It might surprise you!

net worth

What is Net Worth?

Have you ever wondered how well you are doing financially? It’s hard to know for sure without running the numbers. The way you do this is by calculating your net worth. Net worth is basically everything you own minus all your debt.

Why Does it Matter?

Net worth is important because it can tell you if you have enough assets to cover all your debt. You may have heard the phrase “under water” before. This is when you have more debt than assets. That’s a problem because if it came down to it, you wouldn’t be able to cover all your debts.

Finding out your net worth can also help you set goals. You should try to end up with a pretty large positive net worth by the time you retire. Are you on track for that or do you need to make some changes?

How to Calculate

net worth worksheetNet Worth equals all your assets minus all your debt. To make it easier for you to calculate, I have created a free worksheet for you to calculate your net worth. Click the link to instantly download this freebie.

Net Worth Worksheet 

What if My Net Worth is Negative?

Don’t be afraid to face the facts and figure out your net worth. Without this number, you have no idea if you are winning or losing the personal finance battle. If you find out that you have a negative net worth, don’t panic. Lots of people do, usually because of their mortgage and credit card debt. The important part is to decide to do something about it. This is a great time to set some goals and work towards them.

There is a great goal sheet in the Modern Mom’s EPIC Guide to Easy Budgeting. Sign up below for a free copy of this helpful workbook.

How Do I Improve My Net Worth?

In order to improve, you have to either increase your assets or decrease your debt (or both). I wouldn’t suggest net worthincreasing assets by getting a loan because that would not improve your net worth. Instead, try setting a budget, cutting back expenses, and then using some of your extra savings to pay down your debt. This will improve your net worth quite a bit, especially if you use the Snowball method to pay down your debt. Instructions on how to do all these things are also found in the Modern Mom’s EPIC Guide Easy Budgeting below.

Once you are out of debt, then you can improve your net worth by investing your money or saving for retirement in an IRA or 401K. Check back soon for a post all about retirement investing. Another way to improve your net worth is to start a home business that can increase in value as time goes by. I will be doing a series of posts over the next few weeks to teach you how to start a profitable home business.

 

New Giveaway: Win $150 Amazon Gift Card!

Signup to win a FREE $150 AMAZON GIFT CARD!

Hi, Friends!  Welcome to Momma Money Sense where you can get FREE advice from a professional Julieaccountant. I’m Julie Tronsen, founder of this blog, and my goal in life is to help as many people as possible to achieve their financial dreams!

I am so excited to announce our next big giveaway!  Our last winner was Autumn G. of Ortonville, MI and she received a $125 Amazon Gift Card. Who will be the next winner of $150 Amazon Gift Card?

The reason we are doing these giveaways is to get more people to subscribe to Momma Money Sense. The purpose of this blog is to help people achieve financial freedom! I want to help as many people as possible to get their finances under control, get out of debt, and build wealth. As a professional accountant, entrepreneur, and college instructor, I have the answers to your money questions! And it’s all FREE. You can Ask the Accountant or get help with a variety of money management topics by reading the blog posts.

Sign up below for your chance to win.

The giveaway is open to U.S. residents, age 18 and over. There is no purchase necessary to win. There are multiple ways to increase your likelihood of winning. The contest is being hosted by Gleam. The winner will be randomly selected by Gleam at the end of the contest. You must enter by August 25th to be eligible. The entries require tasks to be done in order to be valid. If selected, your task will be verified. Make sure to tell your friends. Each time you refer someone to the contest that signs up, you get another chance to win. Scroll down to enter.

(Please don’t enter the giveaway unless you are planning on remaining a subscriber after entering. Becoming a subscriber means you will receive weekly email updates from the blog with new blog articles, links for coupons and deals, and the latest news from the blog. The purpose of the giveaway is to get more subscribers to Momma Money Sense so that I can provide useful financial advice to people who need it. If you don’t need or want money management and wealth building advice, please don’t subscribe or enter. Thanks.)

Here’s Where You Enter to Win:
MommaMoneySense.com $150 Amazon Gift Card Giveaway

Lots of Freebies

If you like freebies,  click below for a free printable budget workbook. Also, check out my FREE Printables page for many more items that can help organize your life and save you money. I will be adding more freebies each month. Plus, I will send out weekly newsletters to subscribers with lots of useful money management tips, deals, coupons, and freebies!

Topics Covered on Momma Money Sense:

  1. Money making ideas
  2. Tips on reducing your expenses
  3. Budgeting help
  4. Ways to get out of debt quickly
  5. Online deals and coupons
  6. Meal planning on a budget
  7. Frugal family activity ideas and tips
  8. Tax advice
  9. Home business advice
  10. Do-it-yourself ideas
  11. Tips to increase your income
  12. Ways to build wealth

MommaMoneySense.com $150 Amazon Gift Card Giveaway

Posts you might be interested in:

Come back soon for more money tips and don’t forget to enter above for your chance to win the $150 Amazon Gift Card!

Save Some SERIOUS CASH with Discounted Gift Cards!

Buy a Gift Card for Less than Face Value

Do you find it hard to shop for gifts for certain people? You know the ones… the guy who has everything or the girl who is picky. A gift card works great for people like that. But, wouldn’t it be great if you could get a gift card for way less than face value? You can! There are many websites that sell discounted gift cards.

They get these cards from people who would rather have cash than a gift card. They sell them to the site for less than they are worth, then the site sells them to the public. You can really save some BIG BUCKS by buying them to make your everyday purchases like groceries, clothes, and more. 

Top 7 Discount Gift Card Sites

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Signup to win a FREE $125 AMAZON GIFT CARD!

Signup to win a FREE $125 AMAZON GIFT CARD!

$125 Amazon Gift Card at MommaMoneySense.com

Hi, Friends!  My name is Julie Tronsen.  

I am so excited to announce the opening of my new blog. It is called Momma Money Sense and will provide all kinds of financial advice. I have a Master’s in Professional Accounting (MPAcc) and attended law school in Seattle.  My work history includes many years as an accountant, a chief financial officer, and a tax preparer. I also worked as a college teacher in the business school at the University of Washington, Bothell Campus.

Julie For Real

For 12 years, I ran a successful business that brought in over $600,000 per year.

Now that I have sold the business for more than I put into it, I’m excited for this chance to share what I know with you. I want to teach you how to manage your money better so you can have financial freedom!

I am so pumped to offer you a chance to win a FREE Amazon Gift Card worth $125. My goal with this contest is to get 1,000 new subscribers by the end of June. There will be a drawing on June 30th for the $125 Amazon Gift Card. The contest is being hosted by Gleam and there are 10 different ways you can enter to increase your chances of being selected randomly. Be sure to mention this contest to as many people as you can. Each time you refer someone to the contest that signs up, you get another chance to win. 

If you like freebies,  sign up below for a free printable budget. Also, check out my FREE Printables page for many more items that can help organize your life and save you money. I will be adding more freebies each month.

Plus, I will send out weekly newsletters with lots of useful money management tips, deals, coupons, and freebies! Sign up on the sidebar to get our weekly newsletter!

Posts you might be interested in:

The Number 1 Trick to Fix Money Worries

How to Build a Budget in 5 Easy Steps

101 FREE Things to do With Your Kids This Summer!

Topics to be covered in the future:

  1. Money making ideas
  2. Tips on reducing your expenses
  3. Budgeting help
  4. Ways to get out of debt quickly
  5. Online deals and coupons
  6. Meal planning on a budget
  7. Frugal Family Activities ideas and tips
  8. Tax advice
  9. Home business advice
  10. Do-It-Yourself ideas
  11. Being self-reliant
  12. Ways to build wealth

Come back soon for more money tips and don’t forget to enter above for your chance to win the $125 Amazon Gift Card!