April 2018 Income & Expenses

waterfallRocks
3 min read

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.

Income

Here’s what my income looked like in April along with the previous three months. All numbers are post-tax.

Monthly Income Streams
  January February March April
Passive
Income
CVS Stock    $9.69    
KR Stock      $5.07  
WPC REIT  $99.82      $101.85
OHI REIT    $88.90    
JCAP REIT  $53.37    $54.37
LADR REIT  $94.50      $96.70
VDC Fund      $27.07  
VYM Fund    $14.92
VTI Fund  $6.79
Ally Bank Interest  $4.11  $7.52  $9.64  $12.42
Side Hustle
Income
Blog Income $37 $516 $653  $1,120
Stats Tutoring $120  $150
9-5 Income
Data Analyst $4,827 $5,064 $4,670  $4,827
Total Monthly
Income
$5,116 $5,686 $5,506  $6,362
  January February March April

Here’s my April income according to type:

incomeApril2018.JPG

Expenses

Here are my April expenses:

Monthly Expenses
Expense Amount
Rent $611
Entertainment $199
Groceries $185
Miscellaneous $151
Dining out $147
Miscellaneous $78
Utilities $45
Phone $38
Internet $25
Total $1,479

The Net

Here’s a visual look at my total income, expenses, and net savings in April:

incomeExpApril2018.JPG

April Savings Rate: 76%


Recap

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

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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Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

16 Replies to “April 2018 Income & Expenses”

    1. Thanks, Robert! I’m pumped about the blogging income this month and I’m excited to see where it goes in the future. Products might be on the table too in the long-term. For now I don’t have any desire to create one and I’m just enjoying writing posts and making data visualizations. Thanks for the feedback 🙂

  1. Love how straightforward and easy to read your articles always are. Also doesn’t hurt that you’re a fellow Cincinnatian. 😉 Great job with the blog income!

  2. Forgive me if I missed it, but what about your living situation? You currently have a roommate that will be moving out when your lease ends, so when he moves out, will you stay, get a new roommate, or move somewhere?

  3. Hey Zach,

    Love your blog. Feels like I’m reading my own thoughts coming from a different person, but explained better! It’s been a big inspiration to get working on my own blog.

    Out of curiosity, what’s the thinking behind holding CR and KR stock individually and then using VDC, VYM, and VTI as opposed to going all in on a total market index fund like VTSAX?

    And do you have any resources for doing some reading on REITs? How to buy them, tax implications, etc.

    Thanks and looking forward to future posts!

    1. Thanks for the kind words, Gonzalo! I purchased CVS and KR a couple years ago and since then I haven’t bought any individual stocks. I pretty much stick with purchasing shares of VTI (which is the ETF equivalent to VTSAX) nowadays. I occasionally pick up shares of VYM and VDC just because they are less volatile than VTI. As for REIT’s, I follow several REIT experts on Seeking Alpha, but I have pulled back a bit on buying individual REIT’s as well. I’m mostly interested in stock index funds nowadays.

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