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One of the most important questions to answer in any endeavor is “Why.” What’s your why?

The more specific, the better.

You don’t just want a new car. Which new car do you want? What color? What features? What do the rims looks like? Does it have a sunroof, a roof rack, a spoiler? What does it look like inside, how does it feel, what does it smell like?

Ditto with making more money. WHY do you want to make more money?

It’s important to know what you’ll spend your extra income on, and to get specific. If you want to get out of debt, WHY do you want to get out of debt? How will you feel, what will you do, how much do you need to make in order to pay it off?

Visualization is a key component in getting specific. So to help you out, I’ve compiled a list of awesome things you can do with extra income! Please feel free to add ideas, as I’ll continue to update and grow this list.


Donate to your Favorite Charity

Whether you give to your church, local or national organizations, you know they always need more cash. Wouldn’t it be great to cut a check for an amount that you know will make a huge difference? Or to go to the head of the organization, ask what their specific needs are, and take care of it?


Donate to More Charities

It seems like I’m always learning about new causes. So many diseases could be cured if they only had more funding for research. So many local families are facing a crisis at any one time. So many Facebook friends are raising money.


Buy Supplies for a Local Classroom

Teachers always need more supplies. How fun would it be to ask your child’s teacher what’s on their wish list, and then fulfill it?


Sponsor a Youth Team

You don’t have to own a restaurant to be the one to sponsor a local team.


Take Your Time Traveling

Instead of cramming everything into a one-week trip, how fun would it be to take your time? Or to know you can have as many one-week trips as you’d like?


Get Rid of Your Car Payment

If you could be rid of your car payment, what would that allow you to do? Could you take that chunk and apply it to other debt, or maybe start saving for something? Perhaps you keep designating it as car money and sock it away toward your next vehicle.

Imagine putting $250 or $300 a month into a car fund until you buy your next one. Could you make an amazing deposit on your next one, or even pay for it in full?


Pay Off Your Mortgage

It doesn’t take as much effort or cash as you might think to pay off your mortgage in 15 years instead of 30. Or in 10 years. It does take focus, though.

So what would it be like to hunker down, send extra toward that mortgage payment, and then pay it off while you’re still young? (Or sooner than you had planned.)


Buy Yourself Some Focus

Let’s be honest. Money worries eat up a lot of our brainpower, don’t they?

How much time and energy do we expend thinking about how to pay the rent, or for the unexpected car repair?

It’s damn near impossible to get creative or build a business while burdened with worry. Our minds can only think about one thing at a time, so if our brains are focused on worries, they are not focused elsewhere. It’s a painful cycle.

How much more creative could you be if you weren’t thinking about money (in a negative way)?

Take a Class

There’s something we all want to learn. Maybe it’s guitar classes or photography or a foreign language. Maybe you can finally take that yoga class and figure out the right way to twist yourself around.

Buy Organic

I don’t care what anyone says, it’s more expensive to buy organic produce and natural foods. When I’ve been desperate for money, I simply couldn’t buy those organic apples. Every dollar, quite literally, was precious.

One of my personal goals is to buy all organic, free range, humanely raised groceries. Whatever earthy-crunchy label you can attach to it, I’m probably in!

Pay For College

Wouldn’t it be great to send your child to college and help them graduate without an enormous burden of debt? (*Hint: then they’ll also move out sooner!)

Buy Some Time

Money often equals time. Find the right passive income opportunities and man, you’ve freed up some time! What could you do with that? Visit family? Volunteer? Exercise more? Travel?

Want some ideas on how to make extra income? Check out this post on side hustles you can start right away.

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