Online Income Report – December 2011

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

Google Adsense – $327.58

Affiliate Income – $284.11

Brokered Ads – $62.25

Direct Ads- $2894.72

Total – $3568.66

My online income was down just a smidgen from the month before. If my income plateaus at this level I really can’t complain but I’m still working on increasing my income. The purchase of Investorz Blog has already resulted in a couple of advertising deals. I just hope I’m not stealing business from my other sites. Most of my affiliate income comes from Bank Bonuses. There isn’t any reason I shouldn’t be making affiliate income from My Retirement Blog and Investorz Blog as well since they are a good fit for financial affiliates. The reason they aren’t making any affiliate income right now is because I haven’t put many affiliate links on them. I’m going to work on adding those without making the sites spammy. I might even add some more affiliate links here if I can figure out a way to work them into my posts without doing posts just for the purpose of promoting an affiliate product.

My main affiliate on Tight Fisted Miser right now is SwagBucks. I don’t make actual cash from promoting them but I usually earn a $5 Amazon gift card or two each month from them. Swagbucks is a good product to promote because readers can make a little extra money from it and I can make a little extra money from it without having to buy anything. I’ll be looking for more win/win products to promote.

Are We Worse Off Than Our Parents?

I have seen the sentiment that people nowadays are worse off than previous generations. I don’t agree, I think people in the United States are currently enjoying a better standard of living than previous generations.

My mother was born in a rural farmhouse with no running water. They got their water from a cistern until she was in her teens. Going to a restaurant was a once or twice a year treat. She actually did have to walk two miles in the snow to school, although it was only uphill one way. They didn’t have a television until she was well into her teens. She didn’t think it was that bad when she was growing up because that was all she knew. She enjoyed her childhood but she doesn’t have any nostalgia about that time. She is quite happy with her current standard of living.

Things have changed quite a bit even since my childhood. Cable TV wasn’t available in our town until I was a teenager. The full cable lineup was 13 channels and it didn’t include MTV. Our TV didn’t have a remote, which wasn’t uncommon at that time. Us kids served as the remote. I was into computers as a kid and had an Atari 400 computer which had a fraction of the computing power that a cell phone has now. There was no internet. Long distance calls were expensive. Our house didn’t have central air conditioning and neither did any of the other houses on our street even though they were all relatively new. We didn’t have a microwave. Going out to eat was a special occasion. I looked forward to when we would travel to a large city since we might get to eat at a McDonald’s.

Let’s compare then to now. Our current basic cable TV lineup has about 60 channels. You can’t buy a TV without a remote. A personal computer is incredibly more powerful now and the cost is about the same. Most people have cell phones now and long distance calls are just another phone call. The internet is commonplace now with the average American spending 13 hours a week online. If you didn’t grow up without internet you may not realize just how great a resource it is. Having central air conditioning in a new house is the norm now. Back in the mid 70s only 36% of the entire U.S. population had air conditioning at all. The large majority of households have microwaves now. Going out to eat isn’t a special treat anymore. Overall, 7 percent of the U.S. population visits McDonald’s each day, and 20 to 25 percent eat in some kind of fast-food restaurant. Some studies suggest that, on average, Americans actually eat one out of every four meals and snacks outside of the home.

You could argue that some of these advances are actually detrimental to quality of life but I think it is clear that we enjoy a much higher standard of living now than ever before. There are some areas where the current generation isn’t as well off such as the high cost of higher education. On the other hand college attendance rates are a lot higher than they used to be. Overall, I think kids today are better off than their parents.

The current generation may eventually see their quality of living decrease due to peak oil, a debt default, or some other major happening but for now they have it pretty good.

December Income – $3648.01

Here is a breakdown of my income for December.

Online Income

$3446.67

Interest

$5.09

Stock Dividends

$107.35

Cash Back

$47.29

Sell Stuff

$16.61

Bank Bonus

$25

Total

$3648.01

December was another great month for income. My online income is still going strong.  A lot of companies pay dividends in December so that category was higher than normal.  I’m still concentrating on my online income for now but if it falls off I will work on increasing my passive income and alternative income.

December Expenses – $2287.99

Here is a breakdown of our expenses for December.

Household

$632.62

Entertainment

$89.52

Transportation

$227.96

Food

$351.90

Cable/Internet

$69.14

Phone

$99.90

Electric

$81.32

Gifts

$370.93

Health

$364.70

Total

$2287.99

Expenses in December were higher than in November but that isn’t too surprising since we did have the expense of buying Christmas gifts.  Our medical expenses were also higher than normal but hopefully no doctor visits will be necessary this month and the health expense will return to normal.  My new goal for the food expense was $350 and we came pretty close to that.  It seems to me that our food expense should be lower but it is about this much or more every month and when I review our food expenses nothing seems extravagant so I’m just going to accept that this is a reasonable amount for our food budget.  I was a little surprised that our electric bill was $81.32 because it has been a mild winter but this apartment just doesn’t stay as warm as our old apartment.  We will have higher electric bills this winter than last.  Overall, our expenses weren’t too bad.  Without the Christmas expenses we should be able to get back under our $2000 goal.

Turning My Resolutions into SMART Goals

I made the following three resolutions for 2012.
1. Lose Weight.
2. Write a Book.
3. Make More Money Online.

These are fairly common resolutions. To improve my chances of keeping them I am making them SMART (specific,measurable,attainable,realistic,timely) goals.

Lose Weight

My goal is to lose fifty pounds by the end of 2012. That goal meets all the criteria for being a SMART goal. My plan to lose the weight is to join a gym and exercise three times a week, stop drinking soda, and eat healthier food. Just cutting out the soda should be enough to lose the weight since it is probably my largest source of calories. If things work out right I might hike two or three weeks which would also give a boost to my weight loss efforts.

Write a Book

My goal is to write a book and publish it on Amazon by the end of 2012. That goal also meets all the criteria for being a SMART goal. I might tweak that goal and make the deadline earlier. My plan to meet this goal is to write 10,000 words a week. Breaking that down further to five days a week of writing 2,000 words it should take me about two to four hours a day to meet this goal. I’m also going to include my writing for blog posts in this total. Since blogging is my job this is a realistic time commitment.

Make More Money Online

My goal is make more money online in 2012 than I did in 2011. I don’t have as much control over this goal as I do the other two but I think it still meets the SMART criteria. My plan to meet this goal is to post on my blogs more often which my writing goal will help me accomplish. I also plan to outsource some writing and carnival submissions and will consider more outsourcing. One more thing I intend to do is to make placeholder sites at least for all the domain names I currently own. My plan for meeting this goal isn’t as detailed as the others but I will likely make monthly goals during the year to help me attain this goal as well. Since I didn’t start using Crystal’s advertising services until almost halfway through this year and I also have another blog this goal shouldn’t be that hard to achieve but you never know what the year will bring.

I will have a post reviewing my progress towards these goals at the end of each month to help keep me on track. Plus I will likely make smaller goals to help achieve these goals during the year. If things go well I might make some smaller goals during the year that don’t have anything to do with these goals. If you have any tips or advice on what I should do to meet these goals please share them.