Home > Author Archives: Kayla Sloan

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

4 Financial Benefits of Going “Off the Grid”

off the grid

Whenever I feel stressed in my life, I fantasize about what life would be like if I lived off the grid. Certainly there would be fewer demands on my time and a much lower stress level. When I occasionally watch a reality show about other people living off the grid I can see that there are at least four financial benefits of going off the grid as well. 1 Save on Home Costs When you are not tied to a specific place because you have no house or physical address, you gain flexibility. Living off the grid can give you the freedom to live wherever you choose. In fact, you might not be tied to a specific location at all. This means you could travel to and live in multiple locations throughout the year. You can enjoy living in New England in the fall, or try your hand at living in the mountains during the spring or summer. During the winter you might decide to try living in a warmer climate such as Florida or Arizona. Imagine all of the different places you might see and various foods and experiences you could try by living off the grid. In addition ...

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5 Ways to Reward Yourself for Financial Progress

5 Ways to Reward Yourself for Financial Progress

You’ve budgeted, scrimped, saved, and hustled until you have paid part or maybe even all of your debt and now you feel like it would be nice to splurge. But, what you don’t want to do is spend a wad and end up back in the same position you were before you worked so hard to meet some or all of your financial goals. So, how do you do that? Here are 5 ways you can reward yourself for the financial progress you’ve made without setting yourself back. 1 Give Yourself a Day Off When you’ve been working hard towards a goal, you need to recharge your batteries. If you don’t, you run the risk of burnout. You may begin to wonder why you are working so hard in the first place if you never have any down time or fun in your life. It’s okay to give yourself a day off occasionally as long as you go back to work tomorrow and press on toward your next goal. Take the day to sit around and watch movies, listen to music, read, or whatever it is you enjoy doing but don’t get the time to do very much of. 2 ...

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3 Reasons You Should Have a Financial Power of Attorney

3 Reasons You Should Have a Financial Power of Attorney

Have you ever worried about your financial future? Most of us have at one point or another. One of the thoughts that goes along with it is wondering who you should ask to take care of your finances when you are no longer able to do so yourself. Some people put it off because it can be a difficult decision to make. But, waiting until a relative or spouse must declare you incompetent of handling your own financial affairs isn’t a good option. What you need is a financial power of attorney. Here are 3 reasons you should have a financial power of attorney to protect you. To Avoid Court As mentioned above, it is possible someone could attempt to have the court system declare you incompetent of making your own financial decisions. Or, your well-meaning family may simply need to get one once you are incapable of handling things on your own. However, whether or not it is what you want it isn’t a fast and easy process. Proper documents must be filed with the court. Although the law can vary somewhat from state to state, it typically involves a medical exam. In addition, the court may choose to ...

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5 Unique Side Hustles for Those that Live in Rural Areas

5 Unique Side Hustles for Those that Live in Rural Areas

When you live in a small town, you may not be able to do all of the side hustles that people in larger, more populated cities have available to them. For instance, there is no Uber service available in my hometown in Kansas. It’s with good reason though. Even if I could sign up to drive with Uber, I wouldn’t want to as it wouldn’t be very profitable in a town with population 7,000. But rural living isn’t all bad. It comes with some perks of it’s own, and even some possibilities for side hustles that may not be available for city dwellers. Here are 5 unique side hustles for rural areas you could try if you live in a small town or in the country and need a little extra money for your monthly budget. Start a Farm Staycation Do you have a farm and need a little extra cash? With the right setup you could turn your farmstead into a way to earn extra money besides with the regular farm products you produce and sell. If your farm is well kept in appearance, you could advertise it as a day excursion. It might seem fun for city folks to ...

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4 Good Reasons to Start a Side Hustle

4 Good Reasons to Start a Side Hustle

A lot of people these days have a job, or side hustle, they work in addition to their regular paying job. In fact, it wouldn’t surprise me at all if you know at least a couple of people who supplement their income with an extra job for all kinds of reasons. If you have been wondering whether or not you should start a side hustle of your own, here are 4 good reasons to start a side hustle. You Can Work on Your Own Time Do you love having someone else in control of your time? If you dream of escaping your regular job, or if you have a dictator for a boss, starting a side hustle can not only boost your income, but allow you to be in control of how much and when you work. Depending on what you choose to do, such as clean office buildings in the evenings or walk other people’s dogs, there could still be some time constraints. But, you are the one in control because you can always turn down a job if it doesn’t work for your schedule. Pay Off Debt When you are working towards a goal of paying off debt, ...

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