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January 2020 Finance Report

Everything I earned and spent in Bali, Indonesia

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

I spent the entire month in Ubud, Bali.

💵 Summary

January 2020 finance graph

Total Income € 2,086 $ 2,314
Total Expenses € 3,820 $ 4,238
Profit/Loss € 1,734 $ 1,924

🤑 Income

January 2020 income

Affiliate income (see below) € 1,929 $ 2,140
Patreon 1 € 138 $ 153
Book sales (via Amazon) € 19 $ 21
Total Income € 2,086
$ 2,314
Previous Month € 2,500 $ 2,801

I was expecting an additional $3000 in affiliate income, but one program is delaying payments and giving me the run-around. Not cool. 

👍 Affiliate Income

Affiliate payments in January came from…

Affiliate Related Content
Authority Hacker Authority Hacker Review
Aweber AWeber Pricing vs. Popular Alternatives
ConvertKit ConvertKit Pricing vs. Popular Alternatives
Earn More Writing Earn More Writing Review
Income School Income School Project 24 Review
Respondent Respondent Review
SafetyWing Digital Nomad Travel Insurance
Survey Junkie Survey Junkie Review

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

eBiz Facts affiliate income

💸 Expenses

January 2020 expnses

🍽 Food & Drink

Eating out € 311 $ 345
Groceries € 165 $ 183
Total € 475
$ 527
Previous Month € 625 $ 700

🏡 Housing & Utilities

1 month at Ubud villa € 383 $ 425
Total € 383
$ 425
Previous Month € 392 $ 439

💪 Health Care

Medical tests 2 € 50 $ 56
Doctor visit € 40 $ 44
Medicine € 39 $ 43
SafetyWing travel insurance 3 € 33 $ 37
Spa (x3) € 27 $ 30
Massages (x2) € 12 $ 14
Total € 202
$ 224
Previous Month € 192 $ 215

🛫 Travel & Transport

Flights: DPS to SIN to TXL to DUB € 237 $ 263
Flight: VLC to SOF (x2) € 156 $ 173
1 month scooter rental in Ubud, Bali € 87 $ 96
Flight: DUB to VLC € 75 $ 83
Indonesia social visa (including agency fee) € 53 $ 59
Scooter fuel € 7 $ 8
Total € 615
$ 682
Previous Month € 333 $ 373

💻 Business Expenses

Outsourcing 4 € 733 $ 813
Accountant € 406 $ 450
Coworking Bansko (3 months) € 329 $ 365
Teamwork project management software 5 € 119 $ 132
ExpressVPN (12 months) € 90 $ 100
PayPal fees € 65 $ 72
Amazon Affiliate WordPress plugin € 39 $ 43
Learnomatic Udemy WordPress plugin € 28 $ 31
Pigeon 6 € 26 $ 29
Ahrefs subscription 7 € 24 $ 27
Patreon fees 8 € 18 $ 20
Phone credit € 16 $ 18
Zoom 9 € 13 $ 15
Kinsta web hosting 10 € 12 $ 14
TransferWise fees € 11 $ 13
YouTube Premium 11 € 10 $ 12
Udemy: 6 Figure Freelancer € 10 $ 11
Udemy: Advanced Upwork Proposals € 10 $ 11
Udemy: Complete Copywriting Course € 10 $ 11
Google Drive storage (1TB) 12 € 9 $ 10
Virtual Post Mail 13 € 9 $ 10
Copycall 14 € 5 $ 6
Amazon Web Services (storage) 15 € 4 $ 5
Upwork fees € 1 $ 2
Printing and scanning € 1 $ 1
Respondent fees € 1 $ 1
Dreamhost web hosting 16 € 0 $ 0
Sendy 17 € 0 $ 0
SocialBee 18 € 0 $ 0
Total € 0 $ 0
Previous Month € 768 $ 860

🎁 Gifts & Donations

Gifts for friends € 28 $ 31
Flowers € 13 $ 14
Effective Altruism Fund 19 € 9 $ 10
Monthly Love & Courage podcast donation 20 € 5 $ 6
SamHarris.org subscription 21 € 4 $ 4
Patreon: The Blindboy Podcast 22 € 3 $ 3
Patreon: Úna-Minh Kavanagh € 3 $ 3
Total € 64
$ 71
Previous Month € 103 $ 115

📚 Books

#GIRLBOSS 23 € 0 $ 0
How to Be an Overnight Success € 0 $ 0
Leaders Eat Last € 0 $ 0
Profit First € 0 $ 0
Tall Tales and Wee Stories € 0 $ 0
The Daily Stoic € 0 $ 0
Where the Forest Meets the Stars € 0 $ 0
Year of Yes € 0 $ 0
Total € 0
$ 0
Previous Month € 8 $ 9

👕 Clothing

Total € 0
$ 0
Previous Month € 83 $ 93

🤷‍♂️ Miscellaneous Expenses

Laundry € 28 $ 31
Toiletries € 14 $ 16
Netflix subscription € 11 $ 12
Titi Batu day pass € 10 $ 11
Monthly banking fee (Hong Kong bank) 24 € 8 $ 9
Kitchen supplies € 7 $ 7
Monthly banking fee (Dutch bank) € 2 $ 2
Total € 80
$ 88
Previous Month € 105 $ 118

💸 Expense Summary

Business Expenses € 2,002 $ 2,220
Travel & Transport € 615 $ 682
Food & Drink € 475 $ 527
Housing & Utilities € 383 $ 425
Health Care € 202 $ 224
Miscellaneous Expenses € 80 $ 88
Gifts & Donations € 64 $ 71
Books € 0 $ 0
Clothing € 0 $ 0
Total Expenses € 3,820
$ 4,238
Previous Month € 2,610 $ 2,923

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

😢 Biggest Regret?

No regrets.

I could have spent less by delaying some payments – eg. flights, Coworking Bansko, the accountant – but they would have had to be paid eventually any way. Getting them out of the way saved me a bit of money and stress in the long run.

Overall I felt my money was well spent in January.

📊 Where That Leaves Me

I had €11,697 / $13,102 to my name at the end of December.

Taking into account all my January 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  €9,330 / $10,349. 25

🔮 Outlook For February

If that one troublesome affiliate program finally pays me, I’d be looking at about $7,000 total income. If not, it’ll be more like $4,000.

As for expenses, they should be far lower than January except for one thing: I’m planning on buying a $1,500 course to review. I still reckon I have a shot at keeping everything below €3000 though.

📲 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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