March 2018 Income & Expenses

waterfallRocks
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.

Income

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

Monthly Income Streams
  December January (’18) February March
Passive
Income
CVS Stock      $9.69  
KR Stock  $5.05      $5.07
WPC REIT    $99.82    
OHI REIT      $88.90  
JCAP REIT    $53.37    
LADR REIT    $94.50    
VDC Fund  $51.96      $27.07
VYM Fund  $15.65      $14.92
VTI Fund  $0  $0  $0  $6.79
Ally Bank Interest  $5.98  $4.11  $7.52  $9.64
Side Hustle
Income
Blog Income $207 $37 $516  $653
Stats Tutoring $0 $0 $0  $120
9-5 Income
Data Analyst $4,715 $4,827 $5,064  $4,670
Total Monthly
Income
$5,001 $5,116 $5,686  $5,506
  December January (’18) February March

Here’s my March income according to type:

incomeMarch2018.PNG

Expenses

Here are my March expenses:

Monthly Expenses
Expense Amount
Rent $611
Groceries $230
Gas $147
Dining out $147
Entertainment $71
Utilities $48
Internet $25
Phone $25
Coffee $24
New basketball $11
Total $1,340

The Net

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

incomeExpMarch2018.PNG

March Savings Rate: 76%


Recap

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.

Spending

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

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 🙂


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.

8 Replies to “March 2018 Income & Expenses”

  1. Congrats on the great savings plan and side hustles! We are working on increasing our income and finding side hustles. I’ll suggest to DH to teach math or physics as a tutor since he has a physics major. Our high schooler probably has lots of friends who may need the help.

  2. Congratulations on a successful month in March and thanks for giving Mediavine a shoutout! We’re glad you’re with us. Here’s to an even better April and rest of 2018!
    ~Jenny, Mediavine Marketing Associate

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