To spend or not to spend? That is the question…
April 30th, 2008As of late, I’ve been supplementing my tutoring income by being an online tutor through Tutor.com.
The pay is peanuts compared to my in-person rate but the convenience of tutoring from home (in my pj’s) can’t be beat. However, I’m having a hard time deciding what to do with the extra money I’ve been earning.
The ‘future focused A’ wants to send every penny to his Roth IRA. The ‘not-so-future future A’ wants to save half and spend the rest on much needed / wanted items that aren’t essential to A’s survival. The ‘in the moment A’ wants to spend it all on having fun; it’s been a long time since he’s spent any money on non-essential or budgeted items.
Which one will win out?
The ‘not-so-future future A’.
I’ll use half the money to buy things such as more memory for my MacBook, decorations for my apartment, flowers for my porch or to lady friends out on dates. Half of each monthly check will be sent to my Roth IRA so it can compound nicely for the next 30+ years.
I can say with 99.7% certainty, I’ve enough self-discipline to limit my spending to only half of my fourth source of income.
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April 30th, 2008 at 10:29 pm
Will you tell me more about how you became an online tutor? What are the qualifications they look for? Is your schedule fairly flexible? Just how low is the pay?
May 4th, 2008 at 3:28 pm
I’ll send you an email with the details. It’s a pretty sweet gig to pick up some extra $$.