These are my online business finances for February 2024.
I spent the whole month in Andorra 🇦🇩
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 | € 21,096 | $ 22,798 |
| Total Business Expenses | € 8,188 | $ 8,849 |
| Profit | € 12,908 | $ 13,950 |
🤑 INCOME
| Affiliate income (see below) | € 21,091 | $ 22,793 |
| Book sales (via Amazon) | € 5 | $ 6 |
| Total Income | € 21,096 |
$ 22,798 |
| Previous Month | € 20,744 | $ 22,519 |
I was expecting income to be around $15k for the month. We did a lot better than that.
👍 Affiliate Income
Affiliate payments in February 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 | € 4,548 | $ 4,915 |
| Previous Month | € 4,515 | $ 4,902 |
📆 Subscriptions
| ChatGPT Plus (monthly) | € 19 | $ 20 |
| Virtual Post Mail (monthly) | € 14 | $ 15 |
| YouTube Premium (monthly) 2 | € 13 | $ 14 |
| Copycall (monthly) 3 | € 8 | $ 9 |
| Adobe Photoshop (monthly) | € 8 | $ 8 |
| Camo Pro 4 | € 8 | $ 8 |
| Etsy Hunt | € 4 | $ 4 |
| Total | € 73 | $ 78 |
| Previous Month | € 977 | $ 1,061 |
🤓 Hosting & Domains
| Dreamhost 5 | € 5 | $ 5 |
| Kinsta (annual) 6 | € 0 | $ 0 |
| Total | € 5 | $ 5 |
| Previous Month | € 2,077 | $ 2,255 |
🏦 Transaction Fees
| Transaction fees 7 | € 359 | $ 388 |
| Previous Month | € 640 | $ 695 |
💻 Office Expenses
| Mac Studio Max | € 2,135 | $ 2,307 |
| Logitech Craft Keyboard | € 252 | $ 272 |
| Manfrotto Autopole | € 138 | $ 149 |
| Internet | € 41 | $ 44 |
| Cellphone service | € 32 | $ 34 |
| Mounting fixtures for green screen | € 14 | $ 15 |
| USB adapter | € 5 | $ 6 |
| Total | € 2,617 | $ 2,828 |
| Previous Month | € 1,312 | $ 1,424 |
📋 Admin Expenses
| Total | € 145 | $ 157 |
| Previous Month | € 16 | $ 18 |
🤔 Courses
| Total | € 0 | $ 0 |
| Previous Month | € 6 | $ 7 |
🎁 Gifts & Donations
| CAMFED 8 | € 199 | $ 215 |
| Student reviews giveaway winner (x2) | € 185 | $ 200 |
| Save The Children | € 46 | $ 50 |
| Total | € 430 | $ 465 |
| Previous Month | € 0 | $ 0 |
🤷♂️ Miscellaneous Expenses
| Webcam Settings 9 | € 7 | $ 8 |
| Etsy fortune teller (ref) | € 4 | $ 4 |
| Amazon Web Services 10 | € 1 | $ 1 |
| Total | € 12 | $ 13 |
| Previous Month | € 4,766 | $ 5,174 |
💸 Expense Summary
| Hired Help | € 4,548 | $ 4,915 |
| Office Expenses | € 2,617 | $ 2,828 |
| Gifts & Donations | € 430 | $ 465 |
| Transaction Fees | € 359 | $ 388 |
| Admin Expenses | € 145 | $ 157 |
| Subscriptions | € 73 | $ 78 |
| Miscellaneous | € 12 | $ 13 |
| Hosting & Domains | € 5 | $ 5 |
| Courses | € 0 | $ 0 |
| Total Expenses | € 8,188 |
$ 8,849 |
| Previous Month | € 14,311 | $ 15,535 |
I expected to spend $8,000 in February, went a bit over that.
🗓 2024 So Far…
Here’s how we’re doing this year in terms of profit and loss…
| January | € 6,433 | $ 6,984 |
| February | € 12,908 | $ 13,950 |
| Total | € 19,341 | $ 20,934 |
🔮 Outlook For March
Expenses will be about $6,000.
I expect income to be around $20,000.
📲 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.
