Tere! 1

Here be all my finances for May.

I spent the first 11 days out of the month living in Moscow, then took a trip to Crimea for 8 days, back to Moscow for 6 days, and I finished out the month in Tallinn in Estonia.

Summary

Total Income € 3,501
$ 3,934
Total Expenses € 3,511
$ 3,945
Profit/Loss € 10
$ 11

Income

 

3M1K 2 € 1,881 $ 2,114
Freelance web development 3 € 1,366 $ 1,535
Elegant Themes affiliate payment 4 € 75 $ 84
Google Adsense payment 5 € 72 $ 81
Cheap Flight Checklist 6 € 52 $ 58
Book sales (via Amazon) 7 € 43 $ 48
Book sales (ebizfacts.com) 8 € 12 $ 13
Total Income € 3,501
$ 3,934
Last Month € 3,303 $ 3,597

I was aiming to pull in $3k in May so pretty happy with how it shook out.

Expenses

Food & Drink

Eating out € 253 $ 284
Groceries € 188 $ 211
9 Total
€ 441
$ 496
Last Month € 372 $ 405

Housing & Utilities

5 nights at Fili studio, Moscow 10 € 251 $ 282
15 nights at Tallinn shared apartment 11 € 319 $ 358
3 nights at Apartment ZHK Morskoy, Crimea 12 € 64 $ 72
1 night at Shaliapin House, Crimea 13 € 32 $ 36
Total € 666
$ 748
Last Month € 849 $ 925

Health Care

12 months IMG Global Health Insurance 14
€ 1,165 $ 1,309
Medicine 15 € 2 $ 2
Total € 1,167
$ 1,311
Last Month € 52 $ 57

Travel & Transport

Rental car: 8 days in Crimea 16 € 255 $ 287
30-day Russian tourist visa (including agency fee) 17 € 122 $ 137
Fuel for rental car € 53 $ 60
Cable car to Ai-Petri in Crimea 18 € 11 $ 12
Metro in Moscow 19 € 9 $ 10
Train: Moscow city center to Moscow airport (SVO) € 8 $ 9
Train: Moscow city center to Moscow airport (DME) € 8 $ 9
Train: Moscow airport (DME) to Moscow city center € 8 $ 9
Passport photos for Russian visa € 7 $ 8
Parking in Crimea € 6 $ 7
Flights: Moscow (DME) to Crimea (SIP) round trip 20 € 0 $ 0
Flight: Moscow (SVO) to Tallinn (TLL) 21 € 0 $ 0
Total € 487
$ 547
Last Month € 276 $ 301

Business Expenses

Annual US LLC renewal 22 € 223 $ 250
PayPal fees 23 € 84 $ 94
3M1K refund 24 € 65 $ 73
3M1K affiliate payment 25 € 44 $ 49
Bluetooth headphones 26 € 29 $ 33
Proposal samples for 3M1K 27 € 18 $ 20
Virtual Post Mail 28 € 9 $ 10
Sven headphones 29 € 8 $ 9
Gumroad fees € 8 $ 9
Currency exchange fees 30 € 6 $ 7
Crimea SIM card € 5 $ 6
Phone credit € 5 $ 5
Cheap earbuds 31 € 2 $ 2
Google Drive storage (100GB) € 2 $ 2
Amazon Web Services (more storage) € 1 $ 1
Dreamhost web hosting 32 € 0 $ 0
Total € 508
$ 571
Last Month € 549 $ 598

Gifts & Donations

Treating friends to dinner € 28 $ 31
Flowers 33 € 6 $ 7
Monthly Love & Courage podcast donation 34 € 5 $ 6
Total € 39
$ 44
Last Month € 57 $ 62

Books 35

Extreme Ownership ***** € 12 $ 13
Ego Is The Enemy 36 € 10 $ 11
The Miracle Morning **** € 9 $ 10
Elon Musk ***** € 7 $ 9
Wait But Why Year One 37 € 4 $ 4
The Diving Bell And The Butterfly 38 ***** € 0 $ 0
Total € 42
$ 47
Last Month € 26 $ 28

Clothing

Timberland Chukka sneakers (grey) € 70 $ 79
Sunglasses 39 € 12 $ 13
Total € 82
$ 92
Last Month € 0 $ 0

Miscellaneous Expenses

Kara Dag park entry and tour in Crimea 40 € 20 $ 22
Toiletries € 18 $ 20
Netflix subscription € 10 $ 11
Ai-Petri bridge crossing in Crimea 41 € 8 $ 9
Sudak fortress entry (x2) € 5 $ 6
Tallinn free walking tour 42 € 5 $ 6
Sunscreen € 4 $ 4
Irish banking fee € 2 $ 2
Currency exchange fee in Crimea € 2 $ 2
Air hockey in Crimea 43 € 2 $ 2
Laundry detergent € 1 $ 1
Public toilets € 1 $ 1
Monthly banking fee (Dutch bank) € 1 $ 1
Total € 79
$ 89
Last Month € 99 $ 108

Expense Summary

Health Care € 1,167 $ 1,311
Housing & Utilities € 666 $ 748
Business Expenses € 508 $ 571
Travel & Transport € 487 $ 547
Food & Drink € 441 $ 496
Clothing € 82 $ 92
Miscellaneous Expenses € 79 $ 89
Books € 42 $ 47
Gifts & Donations € 39 $ 44
Total Expenses € 3,511
$ 3,945
Last Month € 2,280 $ 2,483

I was aiming to keep my expenses under $2.5k for the month so… yeah, missed that mark by quite a bit. At the beginning of the month I didn’t have any intention of buying a big new insurance policy, so that made a big difference.

Biggest Regret?

Losing my earbuds and sunglasses in Crimea ended up costing me $56, so that felt a bit wasteful. Other than that, can’t say I have any regrets from all the above.

Year To Date

Here’s how I’m doing so far in 2017 in terms of profit and loss:

January € 668 $ 720
February € 724 $ 763
March € 2,704 $ 2,881
April € 1,023 $ 1,114
May € 10 $ 11
Total € 1,635 $ 1,735

Where That Leaves Me

I had €8,254/$9,007 to my name at the end of April.

Taking into account all my May 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 €8,314/$9,342. 44

Outlook For June

Welcome to the part of the program where I try to predict how much money I’ll earn and spend next month, and inevitably get it very wrong.

Last month I predicted $3,000 income and $2,500 expenses, and ended up with almost $4,000 for both.

Way off.

With that in mind, I went back through my last fifteen finance reports and calculated how much my predictions are usually off by.

The result: On average I underestimate income by 10% and expenses by 21%.

For June I’m thinking $3,000 for income and $2,500 for expenses, so I’ll probably end up at $3,300 and $3,025 respectively.

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.