Monthly Status Report: September 2018

Wel­come to the new month­ly sta­tus report! Now that I am no longer employed by any­one, I fig­ured it was time to change up the for­mat of the sta­tus reports. I didn’t want to get rid of them entire­ly as I feel it’s impor­tant to share what tran­si­tion­ing to self-employ­men­t/­Fi­nan­cial Inde­pen­dence looks like.

I’m going to break out my per­son­al spend­ing still, but it’s going to be on a high­er lev­el than I had been doing con­sid­er­ing I split some expens­es with my boyfriend now.

Oth­er sec­tions include expens­es and income for var­i­ous endeav­ors, like sep­a­rate sec­tions for blog spend­ing, rental expens­es and income, and any oth­er side hus­tles I have.

Dis­claimer: some links may be affil­i­ate links. They help off­set the cost of keep­ing this blog run­ning!

Why do I do a monthly status report?

I find it best to do a month­ly sta­tus report for a few rea­sons.

  • It helps me eval­u­ate how I did the pre­vi­ous month. Did I spend a lot of mon­ey on some­thing? Why? Did I earn a bunch of mon­ey on some­thing? Can I do that again?
  • It helps keep me account­able. How can I make an extra pur­chase know­ing I’ll have to explain myself to all of you? Talk about awk­ward when the blog­ger can’t walk the walk and talk the talk.
  • I want to prove this crazy thing called finan­cial inde­pen­dence works!
  • It pro­vides an exam­ple of real world bud­get­ing and expens­es. Some of the peo­ple I talk to haven’t ever seen a prop­er bud­get or seen one put into action, and part of the pur­pose of this blog is to lead by exam­ple!

I use Mint to help me track my spend­ing and keep an eye on my accounts. I also use a real­ly awe­some and super in-depth spread­sheet. So many for­mu­las….. Some peo­ple use Per­son­al Cap­i­tal and oth­ers use You Need a Bud­get (YNAB). What­ev­er tool (or com­bi­na­tion there­of) works best for you and your needs is the best one for you, since every­one and their bud­gets are dif­fer­ent.

September 2018 Personal Statement:

Woo! Sep­tem­ber was a whirl­wind of stress, anx­i­ety, hard work and FUN! I start­ed off the month cel­e­brat­ing as I got my hands on the check from sell­ing The Din­gle House. I have mon­ey now! I’m not flat broke! WAHOO!

I also spent a good amount of time prep­ping for Fin­Con 2018 in Orlan­do and even got to sneak in a vis­it with my fam­i­ly back home. Octo­ber looks like it’s going to be less busy event wise, but more busy work wise so thank good­ness for that! Over­all I’m feel­ing much more pos­i­tive about this whole free­lanc­ing thing than I was a month ago.

Expens­es:

Hous­ing: $650
Phone: $45
Food: $274
Auto: $149
Pet: $125
Health/Fitness: $107
Shop­ping: $25
Trav­el: $70
Gifts: $50
Fees: $454
Util­i­ties: $111
Misc: $195
Total: $2,215

Notes: Over­all, I’m pret­ty pleased with keep­ing my spend­ing in check. Hav­ing very low costs for Fin­Con real­ly helped here!

September 2018 Blog Statement:

Income: $608.70

  • Con­vertK­it: $8.70
  • Site­ground affil­i­ate link: $50
  • Coach­ing: $550

Expens­es: $515 (between pod­cast & blog stuff)

September 2018 Rental Statement:

Income: $12,497.81

  • House sale!!: $11,024.85
  • Refunds: $1,472.96

Expens­es: $200

Note: I’m done with The Din­gle House! WOOO!!!! I final­ly made mon­ey off the rental! I have yet to do full account­ing of this, but I know I have two more pay­ments to make to tie off the loose ends.

September 2018 Money Makin’ Endeavors Statement:

Income: $131.12

  • Inter­est: $1.12
  • Stained glass: $45
  • Stu­dio mon­key work: $40
  • Misc: $45

Expens­es: $0

Combine it all together and.…

Income: $13,237.63

Expens­es: $2,930

Net worth: $203,295.43

I feel much more sol­id know­ing that my num­ber are actu­al­ly my num­bers instead of inflat­ed slight­ly around the val­ue of the house. I also real­ized I’m com­plete­ly debt free again and I LOVE IT! Hav­ing debt is like hav­ing an invis­i­ble cloud hang­ing around your head. Even though mine was “good debt” I’m hap­py to have got­ten rid of it! Sure, my net worth went down on paper because I sold it, but I con­sid­er this to be the real num­ber.

More impor­tant­ly, that cash num­ber is up so I feel like I actu­al­ly have more mon­ey now than I did last month. Hav­ing eas­i­ly acces­si­ble cash does won­ders for the brain!

Thanks for read­ing! What did your month look like? Did you stick to your bud­get?

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