Expense/Income Tracking

Here is a breakdown of my online income for July 2011.

Google Adsense – $214.63

Affiliate Income – $217.50

Brokered Ads – $57.58

Direct Ads- $1785.19

Total – $2274.90

July was another great month for income.  Some of that income was from deals made in June that I didn’t get paid for until July.  Direct ad sales have fallen off quite a bit since then but I expected that to happen eventually.  I’d like to make $2000 every month but I’m not at that level yet.  I’ll be doing good to make $1000 this month.  This month I am working on monetizing another website, increasing  affiliate income, and hopefully developing another online income stream.  My next goal is to have a $3000 month by the end of the year.

Here is a breakdown of my income for July.

July was another good month for income. My online income was over $2000 for the second month in a row.  I expect it to settle down and be closer to $1000 this month but I’m working on getting it up to the $2000 level on a consistent basis.  It is nice to not have a job and make this kind of money from alternative and passive income.  Since I’m not working a job though I should be spending more time on increasing these other incomes.  My mystery shop income was artificially high since I received a couple of delayed payments.  I’m cutting back on mystery shopping and my income from it will be much less this month.  I plan on putting a lot more stuff on eBay this month which should result in it being a larger source of income this month.  I’m also working on an offline business.  Since it works on delayed billing it probably won’t have any reportable income this month but we’re hoping it will at least have some accounts receivable by the end of the month.

When I post this report I usually get questions about where I make my money online. I’ll post my online income report later this week which will give more details.

Here is a breakdown of my expenses for July.

My expenses in July were a little higher than I prefer.  We had free rent this month due to a move-in special.  We just had to pay pro-rated rent for the last week of June.  Since we didn’t have rent to pay I used the extra money to pay off my credit card debt.  The debt was from using a 0% credit card balance transfer to pay down my student loans.  I was able to roll this debt over at 0% a couple of times but decided it was time to get rid of it.  It seemed like a good idea at the time to use the transfer to reduce the amount of my student loans but since then they changed the rules for paying back my loan making it no longer a good deal.

Household expense will be up this month since we have to pay rent.  Cable/internet will also be up since we had a free month of that.  On the plus side there won’t be any debt payment.  I would also like to reduce our food bill to under $300.  This shouldn’t be too hard since we get a lot of free meals from mystery shopping.  It would also be good to reduce our transportation expense.  We spent almost $400 on gas in July due to trips to Kansas City and Jeff City, in addition to lots of mystery shopping trips.  We don’t have any long trips planned this month and we’re trying to be more selective on mystery shopping trips since the gas expense is seriously reducing our profits.  My goal for this month is to get our expenses under $2000 and I’d like to eventually get them under $1750 a month on a consistent basis.

Here is a breakdown of my online income for June 2011.

Google Adsense – $244.82

Affiliate Income – $208

Brokered Ads – $56.52

Direct Ads- $2286.91

Kontera – $86.42

Ehow – $3.29

Total – $2885.96

June was a record month for online income.  This was the first time I made more than $2,000 in a month and I came very close to $3,000.  Things have slowed down quite a bit this month but I’ll still come close to making $2,000.  This level of ad sales isn’t sustainable but I have some ideas to bring in additional income that I will implement next month.  I also have a possible offline business opportunity that could provide a nice income.  If that opportunity comes through I’ll have less time to spend online but I should still be able to make some changes.  Making a full-time income online is looking very possible.

Here is a breakdown of my income for June.

June was a great month for income.  This was from making some big advertising deals for my blogs. It is nice to make this kind of alternative and passive income. I was thinking about getting a job after I sit for the bar but it looks like I can delay that for a while.  I’ll post my online income report later this week or next week.  I don’t think I’ll make as much money this month but I am already over $1000 in blogging income so I think it will still be pretty good.