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At the end of each month, I provide a recap of all the income I earned from dividends (brokerage account only), blogging, and working at my good ol’ 9-5 as a data analyst.
Related: March 2018 Income & Expenses
I share these numbers because I have always found it insightful to see the real numbers behind a blogger’s financial journey. I love talking about how to earn more and save more, but it’s helpful to provide a behind-the-scenes look at how I’m actually managing my own money.
Here’s what my income looked like in April along with the previous three months. All numbers are post-tax.
|Monthly Income Streams|
|Ally Bank Interest||$4.11||$7.52||$9.64||$12.42|
Here’s my April income according to type:
Here are my April expenses:
Here’s a visual look at my total income, expenses, and net savings in April:
April Savings Rate: 76%
This was my highest income-earning month ever during my 24 years on this earth. I brought in $6,362, which is about $1,000 more than I usually earn each month.
The obvious figure that sticks out on my income statement is the blog income, which topped out at $1,120 this month! This is my first time ever surpassing 4-figures with blogging income and it’s an exciting milestone to cross considering just one year ago I was earning $0 each month through blogging.
This income was a combination of affiliate link earnings (Personal Capital and Bluehost) as well as Mediavine ad revenue.
Related: If you’re interested in starting your own blog, check out my page here for a simple guide on how to get started.
This was another nice month for stats tutoring as well. I tutored two clients online who I found through Facebook and earned $150 in total. The nice part about tutoring is that even if I send messages to 20 people and only 2 respond (which is exactly what happened), that’s still enough to earn some decent money since I typically tutor people for several weeks at a time, not just once.
In total, I earned $1,535 through blogging, tutoring, dividends, and interest this month, which surpassed my total monthly expenses of $1,479. This is the first time my income outside of my 9-5 job has been able to cover all of my living expenses, which is an incredible feeling.
Looking ahead, I expect to increase my blogging and dividend income streams over the coming months. My apartment lease is up in about four months and in my head I have made the decision to stick it out in Corporate America for at least another 1-2 years, despite the fact that my side hustle / passive income streams are finally starting to gain some strength.
I plan on continuing to bring in a 9-5 income to pad my different accounts and gain some more flexibility with my financial situation. I still haven’t decided if that means I will stay in Cincinnati with my current company or move elsewhere and pick up a new job.
Until then, I’ll continue to rake in money from my day job, grow my outside income streams, save 75 – 80% of my monthly income, and enjoy watching my net worth climb higher each month.
That’s all for this month, thanks for reading 🙂
My favorite free financial tool I use is Personal Capital. I use it to track my net worth, manage my spending, and keep an eye on my monthly cash flow. It only takes a few minutes to set up and it makes tracking your finances simple and easy. I recommend trying it out.
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