Author Archives: Kimberly Studdard

About Kimberly Studdard

Kim is a Texan native who has lived in Kansas City, MO with her husband and daughter for almost five years. She spends her days as a virtual assistant, blogger at The Entrepremomer and mother. Juggling entrepreneurship and motherhood isn’t always easy, but she’d take that over a desk job any day.

deploymentPreparing for and dealing with a deployment is hard. If you are a service member, or if you are a spouse going through a deployment, trying to save money during deployment can be a daunting and critical task to take on.

However, there are ways to cut costs, save money, and still pay your bills on time. Here are a few tips to help you save money during deployment.

Servicemembers Civil Relief Act

If you aren't familiar with it yet, the Servicemembers Civil Relief Act gives legal rights to anyone being deployed and also extends some coverage to the spouse and family members of the service member. This is a big deal if you are trying to save money during deployment. Instead of paying bills you aren't using (like car insurance, phone bills, etc.) you can pause these contracts, or may be able to break them altogether.

Save Deployment Pay

There are many different ways that a service member can receive pay while deployed. Sometimes, you may qualify for additional compensation as well (based on the type of deployment and if the service member has a spouse/dependents).

There are times where deployment pay may be lower than traditional paychecks. However, if you find yourself earning more during deployment, throw the extra money into a savings account that you can't easily touch unless for an emergency. This will allow you to save money during deployment without losing out on too much income. ...continue reading

flipping housesIf you enjoy watching renovation shows or HGTV, you are most likely aware of the process of flipping houses.

If you aren't sure what this means, flipping a house is basically investing in a house, fixing it up as quickly as possible, and selling it to reap a profit. But, can you start flipping houses as a side hustle?

Research Flipping Houses

First things first, know what you are getting yourself into. Flipping houses can be a lot of work. While it can make a great side hustle, sometimes it's going to take working long hours on the weekends and after your full-time job.

You'll have to understand the ins and outs of real estate, understanding the costs and how things can add up, negotiation strategies, and more. Flipping houses isn't for the faint of heart, but knowing what you're getting yourself into can save headaches down the road.

Have Cash (or Know Someone Who Does)

If you're struggling to pay your bills or save money, flipping houses is not for you. In fact, I only recommend this side hustle if you can put some money upfront for a house and the repairs, or if you can find an investor willing to work with you.

If you choose the latter, make sure you have a contract in place and that everyone understands their roles and duties. Remember to talk profit percentages. Who gets what, and when? Whos job is it to sell the home? Asking questions like these will make sure everyone is on the same page.

If you choose to buy the homes yourself, understand that trying to finance a home for the purpose to flip requires jumping through a lot of hoops. It may be easier to pay for the home in cash and then getting a loan for the repairs (if needed). ...continue reading

streaming servicesWith rising prices and lowered quality, many people are taking the leap from cable services to online streaming services.

Studies have shown that around 25% of American households no longer have cable, and instead use online streaming services to watch their favorite shows and movies. So what are the best streaming services that will help you replace your cable?

Start streaming services with Netflix

Netflix is the "holy grail" streaming service that many people already have, whether they're using it in conjunction with their cable or using it with other streaming services. At $7.99 for the cheapest plan (for use on one screen at a time), Netflix is an affordable option for those looking to venture into online streaming services.

Pros with Netflix include the release of new movies fairly quickly, many popular shows and Netflix originals (some being critically acclaimed), and many shows having all of their seasons all in one place.

A few cons to note are that Netflix typically releases seasons all at once.So, You may not be able to watch your favorite show right away. Also, Netflix is known for raises its prices every few years or so. In fact, they just announced they would be raising prices again (with the middle plan starting at $11 instead of $10). ...continue reading