Blog Income and Expenses Report, May 2016

Welcome to my monthly income report!

May was a busy month personally (starting to sound like a broken record, right?) and I finished the redesign on MMYW but didn’t have time to do Savvy Scot’s. Income was the best this year, finally what it should be every month to reach 6 figures blogging in 2016.

 

BLOG EXPENSES

May was a normal month, where my only expenses were my VA, a Godaddy domain and Hostgator hosting. Since the  blog redesign was paid in January, that’s about it.

$300 my 20 hour a week VA

I am using Tailwind for my pins, which is paid for the year ($120, use the link to get a free month) and it saves a ton of time managing Pinterest.

Total spent: $300

I am planning on investing more on the blogs, but don’t know where to as of now. I don’t have the patience to track and optimize FB ads so maybe some more writers?

BLOG INCOME

• Reach Financial Independence $2,665
• Make Money Your Way $1,220
• Savvy Scot $3,225

Freelancing for other sites and non blogging ventures: $1,650.

I made $4,000 freelancing in February, $770 in March, $1,850 in April. It seems like the work/time involved in the $2k range is a good balance between income and commitment.

TOTAL BLOG INCOME FOR MAY 2016: $8,760

• Net income: $8,460

I am really happy about this month, and wish I could stabilize at that level, although June is looking like it’s going to be half that sadly.

I set the bar quite high this year, after making about $70,000 in 2014 and $60,000 in 2015 (with less than half the work), to make $100,000 after expenses in 2016. That translates to about $10,000 a month as I want to invest a lot in content and delegating tasks, like I did in Q1.

I should have made $41, 666 net so far, I am $11,697 behind haha. But for the first time this number is actually shrinking, yay!

With a busy April and May, I lost a bit of motivation when it comes to growing my income so much, but now I also have new investing goals and I’ll be needing some cash. These blogs are the perfect way to try to increase my income.

As usual, 10% of that income will go to finance an education project in my village, I am in the red at the moment as the project costs about $800 a month which is well over 10% but it is going well! I am adding more computers and more English classes for the kids.

WHAT ARE YOUR BLOGGING GOALS THIS MONTH?