October 2018 Income & Expenses

3 min read

At the end of each month, I provide a recap of every dollar I earned and spent.

Related: September 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 October along with the previous three months. All numbers are post-tax.

Monthly Income Streams
  July August September October
WPC REIT  $104      $106
OHI REIT    $93    
JCAP REIT $55    $56
LADR REIT  $101    $104
VDC Fund  $82   $54  
VTI Fund      $69
Ally Bank Interest  $18  $24  $28  $24
Side Hustle
Blog Income $1,044 $790 $1,222  $1,630
9-5 Income
Data Scientist $4,584 $4,584 $4,584  $4,584
Total Monthly
$5,990 $5,501 $5,888  $6,573
  July August September October

Here’s my October income according to type:


Here are my October expenses:

Total October Spending: $2,766

The Net

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

October Savings Rate: 58%


I earned a total of $6,573 in October through three income sources:

1. My day job income as a data scientist ($4,584)

2. Blogging income from ad, affiliate links, and The Excel Genius Toolkit ($1,630)

3. Dividend income from stocks and REITs ($360)

This was the most I’ve ever earned in one month from blogging and nearly the most I’ve earned in one month from dividends. For some perspective, here are my numbers for October 2017 compared to October 2018:

October 2017 income from blogging and dividends: $694

October 2018 income from blogging and dividends: $1,990

That’s nearly a 3x increase in only 12 months. I’m excited to see what these numbers look like in October 2019.

My total spending this month came in at $2,766. The bulk of this spending came from only a few categories:

1. Rent ($888)

2. Food ($642)

3. Car payment/insurance ($400)

My food spending was a bit outrageous this month because I spent a pretty big chunk on dining out during FinCon towards the end of September, so I finally paid that credit card bill in the beginning of October. I also had some miscellaneous website/hosting fees along with random BMV bills for a new license and new plates for my car.

My spending this month was much higher than usual, but fortunately the income boost from blogging and dividends was able to offset some of these costs.

Looking Ahead

Looking ahead, I plan on continuing to save close to 60% of my income each month and continuing to increase my income through blogging, dividends, and any other opportunities I come across.

This month alone I was able to cover over 70% of my total spending through income outside of my day job, which is a tremendous feeling. My aim is to be able to cover 100% of my total spending through side hustles consistently each month so I no longer need a day job.

Until then, I’ll keep providing monthly updates.

***If you missed it, I launched a new site called Collecting Wisdom where anyone can submit personal finance articles, users can vote on their favorite articles, and the most popular ones rise to the top. Head on over there, set up an account (takes ~15 seconds), and start submitting and voting on your favorite articles.

My favorite free financial tool I’ve been using since 2015 to manage my net worth is Personal Capital. Each month I use their free Investment Checkup tool and Retirement Planner to track my investments and ensure that I’m on the fast track to financial freedom.

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 “October 2018 Income & Expenses”

  1. Hey Zach.. That’s are some impressive blogging revenue you have coming in there. That coupled with the 9to5 and passive income are really starting to compound into a massive snowball. Keep up at this rate, and you’ll be pulling in well over 10k a month soon.

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