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Every month I publish a detailed report with all the numbers on my blog.
In this report I include the earnings and expenses, I talk about my personal experience and what new things I have been trying during this month. In addition, I share what my future targets are and if the previous ones have been achieved or not. Why doing this?
It helps me to keep track of my personal finances
In any moment of time, I can look back at my reports and see what steps and results I got from specific strategies, like a log book.
It increases trusting
I also want to show you that I am a real person who started blogging from the first step. I believe this can help beginners and people who are not decided yet to start their own blogs. I’ve received many comments and emails from other bloggers who like my income reports and apparently they are learning a lot.
It boosts my motivation
Sharing my results will put me on that kind of uncomfortable position in which I need to demonstrate that I can go one step further instead of getting lazy and rely on excuses. My finances are open to everybody!
I know that every month I say the same, but it’s the truth. All earnings here reported are coming from Passive Income sources. I am not including any kind of outsourcing because the intention is to show you how far I can go with only passive income sources.
This is my 23rd month reporting my accounts and I simply love it! I can’t believe I started blogging almost two years ago, it just feels great =)
You can have a look at some of my previous monthly income reports:
- Income Report October 2015 – $75.91
- Income Report June 2016 – $374.83
- Income Report October 2016 – $803.73
- Income Report May 2017 – $895.19
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The total gross income for my blog this month is detailed below
- Paid surveys affiliates – $864.45
- Mediavine – $299.57
- Making Sense of Affiliate Marketing – $199.60
- The Genius Blogger Toolkit – $77.60
- Bluehost (check my tutorial on how to start a blog) – $65.00
- Google AdSense – $51.99
- Pinteresting Strategies (from 0k to 200k page views) – $51.20
- SmartAsset – $33.13
- Monumetric – $29.23
- Tailwind – $5.30
- 5 Dollar Meal Plan – $4.50
- PadSquad mobile ads – $4.30
- Other blog income – $7.27
Total Income: $1,693.14
This month, expenses are not very high. In October I only paid the fixed expenses plus some the renewal fee for Tailwind.
I pay a VPS (Virtual Private Server) because I have a few other websites running and if something goes viral I want to be ready for it.
This month, I should have sent more articles to my proofreader but I didn’t.
Total Expenses: $201.37
The total net balance of my account for this month is below.
Net Total Balance: $1,693.14 – $201.37 = $1,491.77
- Previous month: $1,189.14
- Difference: + $302.63 (+25.45%)
Wohooo! October has been the best month so far! It seems that my blog is jumping to the “next level”, if I can keep income around $1,500/month and keep expenses low, it will be amazing!
Be aware that I put a 40% aside to pay taxes and the money that goes to my savings is less than the reported above.
Money saved for taxes (40% of $1,316.46) = $677.26
This is my 25th month reporting my accounts (wow! 2 years already) and my income seems to keep growing little by little, which makes me very happy. Obviously, it’s nothing compared to other famous bloggers, but for me, it’s considered an important milestone. I am having more than $1,100 profit and this is something I’ve never expected to happen.
Imagine what would you do with an extra $1,491 extra per month?
The graph below shows my income and expenses since I started my blog in October 2015. It seems incredible that I’ve been on this for two years!
The graph below shows the balance or profit which is calculated as:
Balance = Income – Expenses
September is the 14th month I am donating a part of my income to children with health issues and learning disabilities.
Since September 2016, every month I’m sharing how much money Passive Income Wise is giving to help these families.
I calculate it as the 10%(Total Income – Tax Money – Expenses)
Income Donated This Month: 10%($814.51) = $81.45
Total Income Donated Accumulated = $868.38
Nice! One step closer to build a school in China!
That’s everything for this past October.
Did you like my October Income Report? Are you interested in earning income online?
If you are thinking about starting your own blog, I created a tutorial-guide that will help you start your own blog for cheap, You need very little investment, starting at only $2.95 per month (this deal is only through my link) for blog hosting. Additionally, you will get a free blog domain (valued at $12-$15) through my Bluehost link, only if your purchase is for at least 12 months of blog hosting. My recommendation is for you to be self-hosted. This is important if you want to monetize your blog because your website will look more professional.
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