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February 2020 Finance Report

Everything I earned and spent in Bali, Indonesia

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

I spent the entire month in Ubud, Bali.

💵 Summary

February 2020 finance graph

Total Income € 6,030 $ 6,650
Total Expenses € 4,082 $ 4,501
Profit/Loss € 1,948 $ 2,149

🤑 Income

February 2020 income graph

Affiliate income (see below) € 5,880 $ 6,484
Patreon 1 € 150 $ 166
Total Income € 6,030
$ 6,650
Previous Month € 2,086 $ 2,314

I was shooting for $7000 total income, and got close enough so no complaints.

👍 Affiliate Income

Affiliate payments in February came from…

Affiliate Related Content
Authority Hacker Authority Hacker Review
ConvertKit ConvertKit Pricing vs. Popular Alternatives
Earn More Writing Earn More Writing Review
Income School Income School Project 24 Review
RentalCars.com Travel Hacker’s Toolkit
SafetyWing Digital Nomad Travel Insurance
Survey Junkie Survey Junkie Review
Tai Lopez Social Media Marketing Agency Review
TransferWise Travel Hacker’s Toolkit

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

eBiz Facts affiliate income graph

Note that a good chunk of my February affiliate income was overdue affiliate payments from December and January, so that skewed things a bit. If all payments had come in on schedule then the above graph would look much smoother the last few months.

💸 Expenses

February 2020 expenses graph

🍽 Food & Drink

Eating out € 424 $ 468
Groceries € 124 $ 137
Total € 549
$ 605
Previous Month € 475 $ 527

🏡 Housing & Utilities

1 month at Ubud villa € 376 $ 415
5 nights at Bansko hotel € 175 $ 193
Total € 551
$ 608
Previous Month € 383 $ 425

💪 Health Care

SafetyWing travel insurance 2 € 34 $ 37
Medicine € 27 $ 29
Doctor visit € 18 $ 20
Medical test € 8 $ 8
Massage € 4 $ 4
Total € 90
$ 100
Previous Month € 202 $ 224

🛫 Travel & Transport

1 month scooter rental in Ubud, Bali € 91 $ 100
Taxi in Bali € 47 $ 52
Taxi in Bulgaria (advance booking) € 31 $ 34
Scooter fuel € 2 $ 2
Total € 171
$ 188
Previous Month € 615 $ 682

💻 Business Expenses

Sam Ovens Consulting Accelerator (reviewed here) € 1,358 $ 1,497
Outsourcing 3 € 853 $ 941
PayPal fees € 154 $ 170
Fiverr: Press Release € 34 $ 37
Pigeon 4 € 26 $ 29
Ahrefs subscription 5 € 24 $ 27
Kinsta web hosting 6 € 20 $ 22
Patreon fees 7 € 20 $ 22
Phone credit € 20 $ 22
Modafinil € 14 $ 16
Zoom 8 € 13 $ 15
iPhone cable € 11 $ 12
Vivan S15 Bluetooth Headset € 11 $ 12
YouTube Premium 9 € 11 $ 12
Google Drive storage (1TB) 10 € 9 $ 10
Virtual Post Mail 11 € 9 $ 10
Vivan Q11 Headphones € 7 $ 8
Copycall 12 € 5 $ 6
Amazon Web Services (storage) 13 € 4 $ 5
Upwork fees € 2 $ 2
Dreamhost web hosting 14 € 0 $ 0
Sendy 15 € 0 $ 0
SocialBee 16 € 0 $ 0
Teamwork project management software 17 € 0 $ 0
Total € 2,606 $ 2,874
Previous Month € 2,002 $ 2,220

🎁 Gifts & Donations

Flowers € 16 $ 18
Effective Altruism Fund 18 € 9 $ 10
Monthly Love & Courage podcast donation 19 € 5 $ 6
SamHarris.org subscription 20 € 4 $ 4
Patreon: The Blindboy Podcast 21 € 3 $ 3
Patreon: Úna-Minh Kavanagh € 3 $ 3
Chocolate for street kids € 2 $ 2
Total € 41
$ 45
Previous Month € 64 $ 71

📚 Books

Total € 0
$ 0
Previous Month € 0 $ 0

👕 Clothing

Total € 0
$ 0
Previous Month € 0 $ 0

🤷‍♂️ Miscellaneous Expenses

Laundry € 19 $ 21
Toiletries € 17 $ 19
Netflix subscription € 11 $ 12
Monthly banking fee (Hong Kong bank) 22 € 8 $ 9
Kitchen supplies € 7 $ 8
Earplugs € 4 $ 4
Waterfall entry (x2) € 3 $ 4
Mosquito repellant € 3 $ 3
Monthly banking fee (Dutch bank) € 2 $ 2
Total € 74
$ 81
Previous Month € 80 $ 88

💸 Expense Summary

Business Expenses € 2,606 $ 2,874
Housing & Utilities € 551 $ 608
Food & Drink € 549 $ 605
Travel & Transport € 171 $ 188
Health Care € 90 $ 100
Miscellaneous Expenses € 74 $ 81
Gifts & Donations € 41 $ 45
Books € 0 $ 0
Clothing € 0 $ 0
Total Expenses € 4,082
$ 4,501
Previous Month € 3,820 $ 4,238

I was hoping to spend less than €3000 for the month. Way off.

😢 Biggest Regret?

Paying an assistant to produce regular interviews here on eBiz Facts.

Each interview was costing me between $100 and $150 to produce and promote. The interviews are great and I’m proud to have them on the site, but the ROI on them has been lacking.

I never expected them to earn much revenue directly, but I was hoping they’d bring new visitors to the site and help build the email list. 

Unfortunately, the past four months have seen only 3% of new email subscribers signing up via interview pages.

Given that, I’ve decided to cut way back on the interviews and have my assistant create content that’s far more likely to move the needle.

📊 Where That Leaves Me

I had €9,330 / $10,349 to my name at the end of January.

Taking into account all my February 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  €11,416 / $12,588. 23

🔮 Outlook For March

My income spiked in February due to finally receiving some overdue affiliate payments.

March should see things settle down a bit, and I expect my income will be between $3000 and $4000.

Expenses are harder to predict. I’m due to leave Bali and head back to Europe at the end of March, but coronavirus could derail those plans and prove costly.

But if all does go to plan, expenses should be less than $3000 for the month.

📲 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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2 Comments

  1. Hi Niall,
    Great report as always.
    On the interviews, have you considered providing it as ‘bonus content’ for your Patreon subscribers?
    Although its not converting the way you want it, it could be a way to get ‘buzz’ for the content if it becomes exclusive.
    I’d be one of those email subscribers that would happily sign up to Patreon just to see that content.
    Thanks for your great writing!

    1. Thanks, Tara.

      Yeah, I’ve considered doing the interviews for patrons only, but it’d be hard to convince interviewees to go for that. The main benefit for them is they get a nice feature, some exposure to a new audience, and a backlink from ebizfacts.com. If we posted the interviews to Patreon only I doubt we’d get so many people willing to share their story.