Sense to Save

Join me on my journey to live a more frugal lifestyle. Here, you'll find common sense and not-so-common sense on ways you can save money.
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Happy 4th of July! And a link round up

July 4th, 2008 at 5:32 pm

Happy Independence Day, my fellow Americans! I’m going to post a quick round-up, and I’ll see ya back here on Monday. It’s been rainy here all day and I don’t know if we’ll make it to see the fireworks. Stay safe!

From the Money Life Network:

Emily at Remodeling this Life shows us how she is maximizing the space under her stairs to make a really cool play place for kids. Complete with nifty photos.

Ben at Milk Your Money challenges us to jump start our savings, and shares ideas on how to make that happen.

Check out this article at Free From Broke to learn how you can use a CD ladder to maximize your savings.

Hank at My Investing Blog has an interesting post questioning whether the government’s economic stimulus package was a way to catch people who are evading their taxes.

Bible Money Matters has uncovered a nifty site that can show you just how rich you are. If you make over $47k annually, you’re considered to be in the wealthiest one percent in the world! Crazy to think about. Once you realize how rich you are, maybe we can all find ways we can give more to others.

Prime Time Money paid off a car loan recently! YAY! We’re happy for ya! He’s working on paying off his other car soon. I know he’ll reach that goal.

Other:

If you’re planning on taking pictures of fireworks tonight, you won’t want to miss these tips at Lifehacker.

Ron at The Wisdom Journal has an in-depth interview with someone deeply familiar with how credit scores work.

Recently, I wrote a guest post for Emily about our personal encounter with debt and how we got out.

Ashley passed on a cool story she found in Time about the good side of higher gas prices.

Rocket Finance cautions us not to overspend when we receive a windfall, and shows us just how easily it could happen.

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How I make money blogging

July 3rd, 2008 at 8:20 am

Some of you have told me that you’d like to learn more about how I make money blogging. I’m no expert, and I’m not making a ton of money, but I’ll be happy to tell you what I’m doing and how you can do it too.

First, please understand that most people (except for huge blogs such as The Simple Dollar, Get Rich Slowly, ProBlogger, etc.) don’t make enough money blogging to quit their day jobs. And when you do start earning money, it’s in trickles. It will take many months, even a year or more to start earning anything.

That said, if your blog appeals to a wide audience, you can (and should) consider earning at least a small amount for your time.

Build up your reader base first.

Do this by blogging regularly (3-7 times per week) with content that will appeal to your niche audience, visiting other blogs and commenting, joining blog networks, submitting your links to carnivals”Mr. Linky” (Works for Me Wednesday, Menu Plan Monday, Frugal Friday, etc.),  Also, try carnivals such as The Festival of Frugality or search this huge catalog of running carnivals.

Sharing a little “link love” is a great way to get the attention of bloggers, and they just might return the favor.

Never simply mention a web site, though. For example, if you want to mention my site, don’t just type “Kacie at Sense to Save says…” Instead, you should hyperlink back to the blog you mention. That way, the blog owner is more likely to see that you mentioned her site. She might pop over to say “thanks!” and stick around and read more of your blog.

Try adding a few ads to your site.

One of the most well-known ad programs anyone can use is Google Adsense. Experiment with different ad placements to find the best payout. I’m still trying to find a way that works for me. A word of caution: Don’t encourage your readers to click your ads. This violates the Adsense terms of use and could cause Google to deactivate your account.

You’ll need to reach $100 in your Adsense account before they’ll send you your first check. I’m still waiting for mine, but hopefully it’ll show up sometime this year.

To optimize Adsense and avoid low-paying ads, visit AdsBlackList.com. You’ll be able to generate a list of ads to restrict from appearing on your site. Money Life Network blogger Hank has an excellent post to walk you through this step.

I’m a member of the BlogHer ad network. This network pays per page view, not per click as Adsense does. As a result, I see a higher payout. BlogHer isn’t taking applications for new members right now, but you can be e-mailed when they open it up.

Other ad networks out there (I haven’t tried these) include BlogAds, CrispAds, Project Wonderful, and many more. Are you in an ad network? Which one? How does it work?

You can sell text link or graphic ads to individuals. Sometimes, your site will catch the attention of marketers, and they might e-mail you about placing an ad on your site. You’ll have to consider the company and how much money they’re offering to determine if it would be worth it to you. I’d caution against selling permanent placement ads. If someone offers you $30 to run an ad for as long as you have a web site, you’ll never see another dime from them, even if your blog grows exponentially. It’s a great deal for them, not so great for you. Negotiate for ad placement on a one-month, three-month, or six-month basis to keep your options open.

Either you can wait to be approached by these companies, or you can approach companies or individuals yourself.

Use affiliate links

Using affiliate links are another fantastic way to make money blogging. You’re an affiliate when you bring customers to a company via links. They’ll pay you a fee as a “thank you.” For example, whenever I mention my Ebates account, I link to it using my affiliate link. This is a link coded just for me. When people sign up for it after using my link, I get a few dollars.

Here are some affiliate links I use: Ebates, PaperBackSwap, Cash Crate, Revolution Money Exchange, and ING Direct.

Others to consider: Amazon, Commission Junction. What companies are you affiliated with? Has it been worth it?

Think about the web sites you visit and patronize. If they have an affiliate program, why not sign up and see if you can make a little money from it?

A word of caution

As I mentioned above, it will take some time to start earning money. Be patient.

And please, don’t go overboard and clutter your blog with ads! You’ll want to keep it as clean and organized as possible. Too many ads will overwhelm your readers, and possibly even turn some people away.

Advice from you?

Have you blogged about making money by selling ads or using affiliate links? Post your link below and help us learn from you!

As a reader, what do you think of blogs with ads? Do you mind? Or are you annoyed?

For further reading, please check out:

Michelle at Scribbit’s excellent post on…you guessed it…making money blogging.

If this topic really interests you, then you should check out ProBlogger. Here’s a post outlining a few methods for making money (and be sure to look at the links below that post).

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Can you believe we’re already half way through 2008? I can’t.

I’m looking at our income for 2008 so far to anticipate what our tax obligation will be for the year. Shane’s income is steady, but my income is sporadic. Oh, it’s going to be fun figuring our taxes on those things. Tons of fun.

We won’t be able to completely nail down an estimate on our taxes, because my baby’s due date is December 30. If he or she is born in 2008, we’ll be able to claim Baby on our taxes for the year. That would mean a nice refund of $1,700 or so! But, if we don’t get to claim Baby for the 2008 tax year, we’ll just get to keep claiming him or her until 2026, instead of 2025. It’ll work out somehow.

It’s entirely possible that my baby will wait until 2009 to make an appearance. We can all make guesses later.

Even with all of these unknown factors, it’s still worth making sure we’re not withholding too much taxes from Shane’s paycheck.

I ran the numbers on the IRS Withholding Calculator, and if my estimates hold true, we will get a federal refund of about $200. I’d like a small refund like this. A large one would mean we’re sending too much to the government right now.

Crunch some numbers and see what happens. If you’re looking at a substantial refund, consider adjusting your withholding so you get more money in your take-home pay. And if you find out you’ll be owing a nice chunka change next year, it might be worth adjusting that or setting aside some money to cover your tax liability.

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Lol! You didn’t think I was making that up, did you? I can’t remember when or how I requested this freebie, but it made me laugh.

I’m going to give these to my 17-year-old sister. She’ll use them as pieces of flair on her backpack or something teenagery.

Update: I found this freebie on Free Stuff Times back in February. I don’t know if this deal is still going on, but feel free to try!

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