Below you’ll find all my finance details for June 2019.
I began the month in hospital thanks to a dose of dengue fever, then was in Ubud for the rest of the month except for a quick 3-day trip to Kuala Lumpur to renew my Indonesian visa.
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 Income | € 933 | $ 1,059 |
Total Expenses | € 2,840 | $ 3,222 |
Profit/Loss | € 1,906 | $ 2,163 |
Income
Affiliate income (see below) | € 798 | $ 905 |
Consulting / Project Management 1 | € 0 | $ 0 |
Patreon 2 | € 116 | $ 132 |
Freedom Business Builder 3 | € 0 | $ 0 |
Book sales (via Amazon) | € 20 | $ 22 |
Total Income | € 933 |
$ 1,059 |
Previous Month | € 2,559 | $ 2,931 |
I estimated $1,000 in affiliate earnings for June and little beyond that, which turned out to be the case (more or less).
Affiliate payments came from:
- Amazon
- The Authority Site System
- George Kao’s Facebook Course
- GoSub
- Private Internet Access
- SafetyWing
- Tai Lopez
- Udemy
Expenses
Food & Drink
Eating out | € 345 | $ 391 |
Groceries | € 252 | $ 286 |
Total | € 597 |
$ 678 |
Previous Month | € 595 | $ 682 |
Housing & Utilities
5 weeks at Ubud villa | € 434 | $ 492 |
3 nights at Kuala Lumpur Airbnb | € 113 | $ 128 |
3 nights at Uluwatu Airbnb | € 74 | $ 84 |
Total | € 621 |
$ 705 |
Previous Month | € 519 | $ 594 |
Health Care
SafetyWing travel insurance 4 | € 32 | $ 37 |
1-hour massage (x3) | € 19 | $ 21 |
Total | € 51 |
$ 58 |
Previous Month | € 473 | $ 541 |
Travel & Transport
Flights: Bali (DPS) to Kuala Lumpur (KUL) round-trip | € 161 | $ 182 |
Indonesia social visa (including agency fee) | € 149 | $ 169 |
1 month scooter rental in Ubud, Bali | € 94 | $ 106 |
Taxis in Bali | € 44 | $ 49 |
Checked bags (2 flights) | € 39 | $ 44 |
Taxis in Kuala Lumpur | € 25 | $ 28 |
Travel adapter | € 21 | $ 24 |
Malaysia tourist tax | € 6 | $ 7 |
Passport photos for visa application | € 4 | $ 4 |
Scooter fuel | € 3 | $ 4 |
Luggage scale | € 3 | $ 3 |
Printing boarding passes | € 1 | $ 1 |
Total | € 548 |
$ 622 |
Previous Month | € 149 | $ 171 |
(See here for a regularly updated list of my favorite travel resources.)
Business Expenses
Outsourcing 5 | € 245 | $ 278 |
LLC renewal 6 | € 220 | $ 250 |
Dreamhost web hosting 7 | € 105 | $ 119 |
LLC annual report filing | € 46 | $ 52 |
Pigeon 8 | € 25 | $ 29 |
SmarterQueue 9 | € 18 | $ 21 |
Ahrefs subscription 10 | € 18 | $ 20 |
MemberMouse 11 | € 18 | $ 20 |
Patreon fees 12 | € 15 | $ 17 |
Phone credit | € 11 | $ 12 |
YouTube Premium 13 | € 11 | $ 12 |
Google Drive storage (1TB) 14 | € 9 | $ 10 |
Virtual Post Mail 15 | € 9 | $ 10 |
Facebook ads 16 | € 9 | $ 10 |
Malaysian SIM card | € 8 | $ 9 |
Amazon Web Services (storage) 17 | € 3 | $ 3 |
Amazon Web Services support | € 3 | $ 3 |
PayPal fees | € 1 | $ 2 |
Teamwork project management software 18 | € 0 | $ 0 |
Total | € 774 | $ 879 |
Previous Month | € 424 | $ 485 |
Gifts & Donations
Movie rentals | € 11 | $ 12 |
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 |
Flowers | € 2 | $ 3 |
Total | € 36 |
$ 41 |
Previous Month | € 24 | $ 28 |
Books 23
The Ultimate Sales Machine 24 | € 12 | $ 14 |
A Hero Of Our Time *** | € 3 | $ 3 |
Unbound 25 | € 2 | $ 2 |
Total | € 17 |
$ 19 |
Previous Month | € 8 | $ 9 |
Clothing
Skechers shoes | € 76 | $ 86 |
4 t-shirts | € 18 | $ 21 |
Total | € 94 |
$ 107 |
Previous Month | € 97 | $ 111 |
Miscellaneous Expenses
Toiletries | € 25 | $ 28 |
Laundry | € 18 | $ 20 |
Household items | € 12 | $ 14 |
Bed sheet | € 11 | $ 12 |
Netflix subscription | € 11 | $ 12 |
Irish bank quarterly fee | € 8 | $ 9 |
Monthly banking fee (Hong Kong bank) 26 | € 8 | $ 9 |
Earplugs | € 3 | $ 3 |
ATM fee | € 2 | $ 2 |
Monthly banking fee (Dutch bank) | € 2 | $ 2 |
Kitchen cleaning stuff | € 1 | $ 1 |
Mosquito repellent | € 1 | $ 1 |
Total | € 101 |
$ 115 |
Previous Month | € 99 | $ 114 |
Expense Summary
Business Expenses | € 774 | $ 879 |
Housing & Utilities | € 621 | $ 705 |
Food & Drink | € 597 | $ 678 |
Travel & Transport | € 548 | $ 622 |
Miscellaneous Expenses | € 101 | $ 115 |
Clothing | € 94 | $ 107 |
Health Care | € 51 | $ 58 |
Gifts & Donations | € 36 | $ 41 |
Books | € 17 | $ 19 |
Total Expenses | € 2,840 |
$ 3,222 |
Previous Month | € 2,388 | $ 2,735 |
I was aiming to keep everything under €2,000 for the month. Failed miserably. Spent more on that Kuala Lumpur trip than expected, and I didn’t foresee some of those business expenses.
Biggest Regret?
Can’t say I regret any of my spending in June. Nothing thoughtless or silly there.
It makes me anxious spending so much more than I earn in a month – and this was my lowest earning month since January 2016 – but I expected to have a couple of months like this in 2019 with the transition in my business.
2019 So Far
Here’s how I’m doing this year in terms of profit and loss:
January | € 653 | $ 747 |
February | € 529 | $ 601 |
March | € 242 | $ 272 |
April | € 240 | $ 269 |
May | € 171 | $ 196 |
June | € 1,906 | $ 2,163 |
Total | € 1,129 | $ 1,280 |
Where That Leaves Me
I had €15,140 / $17,339 to my name at the end of May.
Taking into account all my June 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 €14,095 / €15,995. 27
Outlook For July
Affiliate income should again be around the $1,000 mark, and I have a small bit of freelance income still due. Overall though I doubt I’ll pull in more than €1,500 for the month.
Expenses should be down a bit. I’ll be staying put in Bali for the whole month and sticking to a fairly solid routine. That helps save on travel, accommodation, and food and drink.
My outsourcing expenses will likely increase though as I look to hire another contractor.
At some point, I also need to book flights and accommodation for a trip to Chiang Mai in November, but I’ll probably leave that until August.
Keeping expenses to €2,500 or less for the month should be doable.
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.
I’m glad you are feeling better. I love to read your momentos and your finance reports. Take care.
Thanks, Teresa 🙂
Going to stay in Chiang Mai once again?
Yeah, will be in Chiang Mai in November for an SEO conference, will probably stay for a week.
Will you be there around that time as well?