These are my online business finances for December 2023.
I spent most of the month in Andorra 🇦🇩 before heading to Ireland 🇮🇪 for Christmas through the new year.
I’ve been tracking everything I earn and spend since January 2011, just a few weeks after quitting my day job. Every month since, I’ve published one of these finance reports.
Sharing this info publicly keeps me accountable and hopefully gives you some insight into how I earn a living online.
Patrons get to see each new report before anyone else.
💵 Summary
| Total Business Income | € 20,341 | $ 22,455 |
| Total Business Expenses | € 8,326 | $ 9,191 |
| Profit | € 12,015 | $ 13,263 |
🤑 INCOME
| Affiliate income (see below) | € 20,338 | $ 22,451 |
| Book sales (via Amazon) | € 3 | $ 3 |
| Total Income | € 20,341 |
$ 22,455 |
| Previous Month | € 24,365 | $ 26,574 |
I was expecting my income to be around $20k for the month. Did a bit better than that.
👍 Affiliate Income
Affiliate payments in December came from…
(Btw, we don’t necessarily recommend everything we earn affiliate income from. Sometimes we’ll write a negative review of something and people will still sign up to it via our affiliate link. Humans are weird like that.)
Here’s a progress chart for affiliate income since starting eBiz Facts…
💸 EXPENSES
🤝 Hired Help
| Hired Help 1 | € 6,937 | $ 7,658 |
| Previous Month | € 4,895 | $ 5,339 |
📆 Subscriptions
| Virtual Post Mail (monthly) | € 14 | $ 15 |
| YouTube Premium (monthly) 2 | € 13 | $ 14 |
| Copycall (monthly) 3 | € 8 | $ 9 |
| Adobe Photoshop (monthly) | € 8 | $ 8 |
| Total | € 42 | $ 46 |
| Previous Month | € 43 | $ 47 |
🤓 Hosting & Domains
| Dreamhost 4 | € 0 | $ 0 |
| Kinsta (annual) 5 | € 0 | $ 0 |
| Total | € 0 | $ 0 |
| Previous Month | € 78 | $ 85 |
🏦 Transaction Fees
| Transaction fees 6 | € 586 | $ 647 |
| Previous Month | € 623 | $ 679 |
💻 Office Expenses
| Internet | € 40 | $ 44 |
| Cellphone service | € 31 | $ 34 |
| Total | € 71 | $ 78 |
| Previous Month | € 71 | $ 78 |
📋 Admin Expenses
| Total | € 0 | $ 0 |
| Previous Month | € 16 | $ 18 |
🤔 Courses
| Steph Smith’s Internet Pipes | € 226 | $ 250 |
| Total | € 226 | $ 250 |
| Previous Month | € 182 | $ 198 |
🎁 Gifts & Donations
| Student reviews giveaway winner | € 91 | $ 100 |
| Total | € 91 | $ 100 |
| Previous Month | € 92 | $ 100 |
🤷♂️ Miscellaneous Expenses
| Refind 7 | € 372 | $ 411 |
| Amazon Web Services 8 | € 1 | $ 1 |
| Total | € 373 | $ 412 |
| Previous Month | € 1 | $ 1 |
💸 Expense Summary
| Hired Help | € 6,937 | $ 7,658 |
| Transaction Fees | € 586 | $ 647 |
| Miscellaneous | € 373 | $ 412 |
| Courses | € 226 | $ 250 |
| Gifts & Donations | € 91 | $ 100 |
| Office Expenses | € 71 | $ 78 |
| Subscriptions | € 42 | $ 46 |
| Admin Expenses | € 0 | $ 0 |
| Hosting & Domains | € 0 | $ 0 |
| Total Expenses | € 8,326 |
$ 9,191 |
| Previous Month | € 6,000 | $ 6,544 |
I expected to spend about $8,000 in December, ended up spending a good bit more than that. It might have been my most expensive month of the whole year.
🗓 2023 Totals
Here’s how we did for the year year in terms of profit and loss…
| January | € 13,840 | $ 15,027 |
| February | € 12,403 | $ 13,150 |
| March | € 19,356 | $ 21,045 |
| April | € 16,708 | $ 18,433 |
| May | € 14,585 | $ 15,538 |
| June | € 15,091 | $ 16,477 |
| July | € 15,251 | $ 16,805 |
| August | € 15,528 | $ 16,830 |
| September | € 27,745 | $ 29,373 |
| October | € 16,382 | $ 17,316 |
| November | € 18,364 | $ 20,029 |
| December | € 12,015 | $ 13,263 |
| Total | € 197,268 | $ 213,286 |
🔮 Outlook For January
Expenses will be at least $10K, as I look to continue upgrading the website and our SEO. Plus I have a big hosting bill due in January.
I might also buy a new computer and some other equipment in January. If that happens, expenses could be as high as $15K overall 😱
I expect income to be around $19,000.
📲 How I Track All This
Curious as to how we track everything we 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.
