April 2015 Finance Report (subscribers only)

Well hello there o’ legendary email subscriber. This is my April finance report, as prepared from a fine hostel in Barcelona named Bon Moustache.

As usual, I’ll share with you all the details of my finances below, along with a few notes that I think you’ll find interesting. April saw me move continents as I started off in New Orleans, moved across and down through Florida, then caught a cruise across the Atlantic to Barcelona.

Diving in…

April Expenses

Food and Drink

Eating out€ 167$ 187
Groceries€ 105$ 117
Total€ 272
$ 304

Way down from the previous month, when I spent €691/$744. The big dip was largely thanks to having paid for the cruise a couple of months ago, and all my meals for eleven days were included. I was also lucky enough to have friends and family treat me to a bunch of meals throughout the month.

Housing and Utilities

Don Moustache Hostel, Barcelona (deposit for 8 nights)€ 26$ 29
Total€ 26$ 29

Also way down from last month. I spent €1,372/$1,477 on housing and utilities in April. I had pretty much all my accommodation prepaid, including rent in New Orleans and of course the cabin aboard the cruise ship. My mother also treated me to some hotel stays in Florida and Barcelona.

Travel

Cruise ship service charges + additional fees€ 184$ 206
2-day car rental in Florida (fuel, tolls, parking, etc.)€ 126$ 141
Taxis in Orlando€ 40$ 45
Taxis in Miami€ 27$ 30
Shuttle bus in Funchal€ 9$ 10
Total € 387
$ 432

About the same as the €342/$368 spent on travel the previous month. The cruise ship was more expensive than expected with the service charges and such.

Business Expenses

Web design outsourcing€ 121$ 135
PayPal fees€ 26$ 29
Keynote software€ 19$ 21
AWeber email marketing€ 9$ 10
Total€ 175$ 195

About the same as the €169/$182 I spent on business in March.

Gifts and Donations

Coffee for a friend€ 5$ 5
Tip for bowling attendant on cruise€ 4$ 5
Total€ 9$ 10

Way down from the €71/76 I spent on gifts and donations the previous month. I no longer have a specific goal for donations (I used to try give away 15% of my income), having decided to focus on building up a decent savings cushion before trying to save the world.

Books

The Churchill Factor€ 12$ 13
We Learn Nothing€ 12$ 13
Essentialism€ 11$ 12
Search Inside Yourself€ 11$ 12
10% Happier€ 10$ 11
The Effective Executive€ 9$ 10
Philosophy For Life And Other Dangerous Situations€ 9$ 10
Sam Walton: Made In America€ 7$ 8
Mockingbird€ 5$ 6
What You Should Have Learned About Money But Never Did€ 4$ 5
Total€ 90$ 100

Big jump from the €9/$10 spent on books in March. I bought quite a few in anticipation of all my time offline aboard the cruise ship. You can see all my book recommendations over on Goodreads.

Miscellaneous Expenses

Phone credit€ 47$ 53
Government stamp duty on AIB credit card€ 29$ 32
Toiletries€ 13$ 15
Bowling (on cruise ship)€ 13$ 14
Laundry€ 12$ 13
The Moth StorySLAM in New Orleans€ 9$ 10
Internet cafe (on cruise ship)€ 8$ 9
Comedy show in New Orleans€ 5$ 5
iTunes movie rental: Birdman€ 5$ 5
iTunes movie rental: John Wick€ 4$ 5
Amazon movie rental: Gone Girl€ 4$ 5
Sports shorts€ 4$ 4
Amazon movie rental: The Imitation Game€ 4$ 4
iTunes movie rental: Super 8€ 3$ 4
Amazon movie rental: Mission Impossible: Ghost Protocol€ 3$ 3
iTunes movie rental: Drive€ 2$ 3
iTunes movie rental: Rise Of The Planet Of The Apes€ 2$ 3
Total€ 167$ 187

Way down from €582/$627 the previous month. I binged a bit on movies, but that’s okay 🙂

Expense Summary

Travel€ 387$ 432
Food and Drink€ 272$ 304
Business Expenses€ 175$ 195
Miscellaneous expenses€ 167$ 187
Books€ 90$ 100
Housing and Utilities€ 26$ 29
Gifts and Donations€ 9$ 10
Total Expenses€ 1,125
$ 1,257

Almost a third of the €3,236/$3,484 total expenses from the previous month. I was hoping to keep everything under $1.5k, so very happy with how it shook out.

April Income

Away from the minuses and on to the pluses…

Freelance web design€ 1,932$ 2,158
Speaking Gigs€ 286$ 320
Google Adsense (YouTube)€ 77$ 86
Travel Consultation€ 72$ 80
Reader donations (muchas gracias!)€ 54$ 60
Amazon affiliate income€ 37$ 41
Book sales (via Amazon)€ 21$ 24
Book sales (direct from ndoherty.com)€ 10$ 11
Amazon Ach/Cred€ 3$ 3
Total Income€ 2,491
$ 2,783

Down quite a bit from my March income total of €3,844/$4,139, but I exceeded my goal of $2k. Not bad considering I spent almost half the month offline!

April was also saw the first time I’ve ever been paid for speaking. I delivered two talks on my travels while in New Orleans, and they went pretty well. I might look at doing more along those lines in future.

Biggest regret?

I can’t say I have any financial regrets from April. I kept my expenses low without being super-frugal and earned a good chunk despite spending a lot of time offline.

Where that leaves me

I had €7,289/$7,848 to my name at the end of March. After applying the most recent exchange rates (I have accounts in EUR, HKD and USD), those totals shifted a little to €7,193/$8,036. Taking into account all my April income and expenditure, my total bank and cash balances now work out to €8,524/$9,522.

Here’s how I’m doing so far this year:

  • €174/$196 in January
  • €2,170/$2,355 in February
  • €608/$655 in March
  • €1,366/$1,526 in April
  • €4,318/$4,732 overall

April was the sixth consecutive month that I finished in the green (i.e. I earned more than I spent), extending my best streak since quitting my day job in 2010.

Outlook for May

Income will likely take a big dip as I haven’t been working much so far this month and will be home visiting family for the final two weeks. $1k is probably realistic. $1.5k would be very nice.

Once again, my goal for expenses will simply be to keep them lower than income. My expenses the latter half of the month will be very low as I’ll be living back home with my parents before the move to Amsterdam, but living and traveling through Spain and France these first two weeks isn’t cheap. Realistically, I think under $1.3k is a good goal.

Feedback welcome

Thoughts? Questions? Speak up in the comments below.

Archived finance reports

I’ve been posting these monthly finance reports since January, 2011. You can view all my old reports via this page.

Last thing…

As you can see above, I make very little money direct from this website. If you find any of this information or my articles helpful and would like to help ensure I keep on doing what I do, this page is for you.

6 Comments

  1. Patrik

    What’s gonna happen after you finish the trip? And what’s gonna happen to this website? I hope that you keep it running. Good luck

    Reply
    • Niall Doherty

      Oh yeah, I’ll definitely keep writing. Probably even more so.

      Reply
  2. MasterBates

    Why don’t you just torrent the films instead of shelling out 5$? Is it a matter of principle?

    Reply
    • Niall Doherty

      Yes. I like to pay for things I value, and reward the people who create and deliver that value. Golden rule and all that.

      Reply
  3. JB

    Once you’ve settled, you’ll get rich 😉

    Reply
  4. Sophia Bera

    Niall,

    You read my book! Thank you so much for linking to it in your income report. I hope you enjoyed your time in the U.S. We’ll have to meet up again someday in another part of the world.

    Sending you big hugs!

    Sophia

    Reply

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