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April 2020 Finance Report

Everything I earned and spent in Tbilisi

Below you’ll find all my finance details for April 2020.

I spent the entire month in Tbilisi, Georgia.

💵 Summary

April 2020 finance graph

Total Income € 4,248 $ 4,683
Total Expenses € 1,889 $ 2,065
Profit/Loss € 2,394 $ 2,618

🤑 Income

April 2020 income

Affiliate income (see below) € 3,936 $ 4,303
Bansko hotel refund 1 € 177 $ 193
Patreon 2 € 156 $ 170
Book sales (via Amazon) € 15 $ 16
Total Income € 4,284
$ 4,683
Previous Month € 4,654 $ 5,129

I was expecting my income to be between $3000 and $4000 for the month, so April turned out better than expected.

👍 Affiliate Income

Affiliate payments in April came from…

Affiliate Related Content
Amazon Best Business Books For Online Entrepreneurs
Authority Hacker Authority Hacker Review
Aweber AWeber Pricing vs. Popular Alternatives
Commission Hero Commission Hero Review
ConvertKit ConvertKit Pricing vs. Popular Alternatives
Income School Income School Project 24 Review
SafetyWing Digital Nomad Travel Insurance
Sendy Recommended Resources
Survey Junkie Survey Junkie Review
Tai Lopez Tai Lopez Social Media Marketing Agency Review
Udemy Best Udemy Courses, Udemy Review, Free Udemy Courses

Here’s a progress chart for affiliate income since starting eBiz Facts…

eBiz Facts affiliate income

Note that, to keep things simple for myself on a day-to-day basis, I practice cash accounting rather than accrual accounting. 

“Under the cash method of accounting, sales are recorded when cash is received, and expenses are recorded when cash is sent out. It’s straightforward and intuitive. The problem with the cash method, however, is that it doesn’t always reflect the economic reality of a situation.” – Accounting Made Simple

The economic reality of affiliate marketing is that some companies pay their affiliates every month, while others have irregular payment schedules. As a result, my affiliate income looks more inconsistent month-to-month than it actually is.

💸 Expenses

April 2020 expenses

🍽 Food & Drink

Groceries € 261 $ 285
Eating out / Takeout € 115 $ 126
Total € 376
$ 411
Previous Month € 580 $ 639

🏡 Housing & Utilities

1 month at Tbilisi apartment € 366 $ 400
Total € 366
$ 400
Previous Month € 989 $ 1,090

💪 Health Care

SafetyWing travel insurance 3 € 34 $ 37
Masks € 1 $ 1
Total € 35
$ 38
Previous Month € 107 $ 118

🛫 Travel & Transport

Taxis in Tbilisi € 34 $ 37
Total € 34
$ 37
Previous Month € 591 $ 651

💻 Business Expenses

Outsourcing 4 € 452 $ 494
Dreamhost web hosting 5 € 151 $ 165
PayPal fees € 101 $ 110
Ahrefs subscription 6 € 25 $ 27
Patreon fees 7 € 21 $ 23
Zoom 8 € 13 $ 15
Kinsta web hosting 9 € 12 $ 14
Virtual Vocations 10 € 12 $ 13
YouTube Premium 11 € 11 $ 12
Adobe Photoshop monthly subscription € 10 $ 11
FlexJobs 12 € 9 $ 10
The Free Ad Forum promo € 9 $ 10
Google Drive storage (1TB) 13 € 9 $ 10
Virtual Post Mail 14 € 9 $ 10
Phone credit € 8 $ 8
Copycall 15 € 5 $ 6
Amazon Web Services (storage) 16 € 4 $ 5
ClickBank fees € 2 $ 3
Solid Gigs 17 € 2 $ 2
Upwork fees € 2 $ 2
Sendy 18 € 0 $ 0
SocialBee 19 € 0 $ 0
Teamwork project management software 20 € 0 $ 0
Total € 867 $ 948
Previous Month € 1,078 $ 1,188

🎁 Gifts & Donations

Donation to a subscriber’s COVID-19 fund-raising campaign € 48 $ 52
Flowers € 14 $ 16
Effective Altruism Fund 21 € 9 $ 10
Lady with balloons € 6 $ 6
Monthly Love & Courage podcast donation 22 € 5 $ 5
SamHarris.org subscription 23 € 4 $ 4
Patreon: The Blindboy Podcast 24 € 3 $ 3
Patreon: Úna-Minh Kavanagh € 3 $ 3
Total € 91
$ 99
Previous Month € 71 $ 79

📚 Books

Death By Black Hole € 6 $ 7
The Messy Middle € 3 $ 3
How to Get Great Freelance Clients € 0 $ 0
Total € 9
$ 10
Previous Month € 0 $ 0

I used Amazon gift cards for some of those purchases.

👕 Clothing

Total € 0
$ 0
Previous Month € 0 $ 0

🤷‍♂️ Miscellaneous Expenses

Toiletries € 27 $ 30
Frying pan € 18 $ 19
Cooking pot € 14 $ 16
Kitchen supplies € 11 $ 12
Netflix subscription € 11 $ 12
Monthly banking fee (Hong Kong bank) 25 € 8 $ 9
Chopping board € 7 $ 8
French press € 6 $ 6
Glovo subscription 26 € 4 $ 4
Kitchen knife € 2 $ 2
Monthly banking fee (Dutch bank) € 2 $ 2
Vegetable peeler € 2 $ 2
Total € 111
$ 122
Previous Month € 152 $ 168

💸 Expense Summary

Business Expenses € 867 $ 948
Food & Drink € 376 $ 411
Housing & Utilities € 366 $ 400
Miscellaneous Expenses € 111 $ 122
Gifts & Donations € 91 $ 99
Health Care € 35 $ 38
Travel & Transport € 34 $ 37
Books € 9 $ 10
Clothing € 0 $ 0
Total Expenses € 1,889
$ 2,065
Previous Month € 3,569 $ 3,933

I was hoping to spend less than $3000 for the month, so well happy with how this turned out.

😢 Biggest Regret?

Nothing significant – very content with how I earned and spent my money in April.

2020 So Far

Here’s how I’m doing this year in terms of profit and loss:

January € 1,734 $ 1,924
February € 1,948 $ 2,149
March € 1,085 $ 1,196
April € 2,394 $ 2,618
Total € 3,693 $ 4,039

📊 Where That Leaves Me

I had €10,832 / $11,938 to my name at the end of March.

Taking into account all my April income and expenditure, and the most recent exchange rates – I have accounts in EUR, HKD and USD – my total bank and cash balances now work out to €13,378 / $14,626. 27

🔮 Outlook For May

Expenses will be a bit higher than April, mainly due to outsourcing. But since I’ll still be staying put in Tbilisi and not planning any travel, I expect to spend less than $3000 overall.

Income should be around $5000.

📲 How I Track All This

Curious as to how I track everything I earn and spend? Check this video…

💬 Feedback Welcome

Thoughts? Questions? Speak up in the comments below.

🗂 Archived Finance Reports

I’ve been posting these monthly finance reports since January, 2011. You can view all my old reports via this page.

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