Earning money is earning money regardless of which new toy you wish to purchase. Cashflow is the key. Here are some ways to get more flow towards you and eliminate cashflow away from you when it makes sense financially.

Steps

  1. Find a job, start a business, negotiate extra chores that someone will pay you to complete, or find contract work. Do something that is legal and pays. It’s even better if you get something that pays and that you enjoy doing, but don’t let enjoyment stand in the way of earning a living.
  2. Look for ways to save and budget for your toy purchases. Or, find ways to get a raise, or pick up a second income. A quick way to save is to eliminate lunches and dinners out and also eliminate "designer" coffee and soda from restaurants, fast food joints and convenience stores. Most people, this author included, can find many ways to save if we take a close look at our cashflow. There are probably lots of current expenses you can eliminate.
  3. Once you receive positive cash from one of the above sources, set aside a portion of your earnings, and or new found savings, each pay period until you have saved for your new toy. This may be one pay period or many pay periods.
  4. Avoid paying "convenience" fees whenever possible. An example of a convenience fee would be purchasing a 12 ounce soda at an event or restaurant for a $1.00, $2.00 or more, when you can buy the same soda for $.50 or less when you purchase them at a grocery store. If you track your money closely you may find many "convenience fees" that can be avoided daily.