4 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: February 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 March along with the previous three months. All numbers are post-tax.
|Monthly Income Streams|
|Ally Bank Interest||$5.98||$4.11||$7.52||$9.64|
Here’s my March income according to type:
Here are my March expenses:
Here’s a visual look at my total income, expenses, and net savings in March:
March Savings Rate: 76%
This month I earned $63.49 in passive income, which came in the form of dividends from various index funds and individual stocks along with interest from my Ally Bank savings account.
The most exciting part of this month was my side hustle earnings. My blog brought in $653 through a combination of ads and affiliate links. Specifically, I work with the ad group Mediavine and most of my affiliate income comes from Personal Capital affiliate links (like the one at the bottom of this post) and Bluehost, the site I use for my web domain and hosting.
When readers sign up for Personal Capital or Bluehost accounts using my affiliate links, I earn a commission. I actually use both of those sites, so it’s nice to be able to earn some income by recommending them to others.
Related: If you’re interested in starting your own blog, check out my page here for a simple guide on how to get started.
I also got back into the groove with stats tutoring. It had been many months since I last tutored since I was feeling burnt out and wanted a break, but I recently found a student to help via Facebook and earned $120 over the course of the month.
In total, I earned $836 through blogging, tutoring, dividends, and interest this month, which covered 62% ($836 / $1340) of my total expenses this month. Technically, if this number broke 100%, I could pay my monthly bills without my 9 – 5 job! That’s an incredible feeling. Even two years ago I couldn’t imagine earning over $800 per month outside of my day job.
My goal over the next few months is to increase my side hustle and passive income to be able to cover 100% of my monthly expenses.
This month my spending was right in line with my usual $1,200 – $1,400 monthly expenses. My gas and “dining out” categories were a bit higher than usual because I took a trip to St. Louis last weekend to visit some friends, which was well worth the cost.
The only abnormal expense I had this month was buying a new basketball for $11. If any of you happen to swing by Cincinnati, drop me a line and we can play some hoops.
Looking ahead, I expect both my blogging and dividend income to increase steadily over time. I’m also looking to earn some more side hustle income through stats tutoring.
My lease is up on my apartment in a little under five months, so I’ll have to make some important decisions as to whether I want to keep my job, stay in Cincinnati, or move elsewhere for a new job. In my typical procrastination fashion, I’ll probably put this decision off for a few more months.
Until then, I’ll continue to rake in money from my day job, 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 🙂
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