If you’re a regular visitor here you’ll know that I’ve been tracking all my income and expenditure since I quit my day job at the end of 2010, and sharing detailed monthly finance reports with my email subscribers.
Below I’ll share with you a summary of all my income and expenses from 2016.
Income
Summary
Total Income
€ 36,479
$ 40,405
Total Expenses
€ 36,666
$ 40,616
Profit/Loss
€ 187
$ 211
3M1K
€ 18,581
$ 20,657
Freelance web development
€ 14,013
$ 15,504
Affiliate income
€ 932
$ 1,029
Other refunds
€ 787
$ 828
VAT refunds
€ 594
$ 660
Coaching
€ 379
$ 411
Book sales (via Amazon)
€ 295
$ 325
Google Adsense
€ 238
$ 264
Sale of personal possessions
€ 195
$ 216
Personal tax refund
€ 137
$ 153
Loose change
€ 109
$ 121
Books sales (via ebizfacts.com)
€ 106
$ 115
Credit card cash rewards
€ 63
$ 69
Cash gifts
€ 50
$ 53
Total Income
€ 36,479
$ 40,405
Last Year
€ 33,469
$ 36,831
Expenses
All Expenses
Business Expenses
€ 15,015
$ 16,645
Housing & Utilities
€ 9,420
$ 10,439
Food & Drink
€ 4,405
$ 4,865
Travel & Transport
€ 3,312
$ 3,674
Miscellaneous
€ 1,483
$ 1,633
Insurance
€ 1,219
$ 1,349
Clothing
€ 650
$ 717
Personal Taxes
€ 394
$ 449
Gifts & Donations
€ 370
$ 407
Books
€ 154
$ 170
TV, Movies & Cinema
€ 117
$ 129
Toiletries
€ 115
$ 128
Laundry
€ 12
$ 14
Total Expenses
€ 36,666
$ 40,616
Last Year
€ 29,601
$ 32,555
Business Expenses
Outsourcing
€ 3,791
$ 4,166
Accountant
€ 3,198
$ 3,566
Taxes
€ 1,997
$ 2,227
iPhone 6s
€ 645
$ 725
PayPal fees
€ 502
$ 557
Miscellaneous
€ 435
$ 485
ActiveCampaign mailing list software
€ 451
$ 499
Chase Sapphire Reserve annual fee
€ 400
$ 450
Stripe fees
€ 398
$ 445
The Subtle Art Of Not Giving A F*ck (25 Copies)
€ 308
$ 343
Coworking
€ 289
$ 312
LLC setup
€ 263
$ 293
3M1K refunds
€ 253
$ 287
Postage
€ 225
$ 247
MemberMouse
€ 219
$ 242
Phone credit
€ 201
$ 223
Miscellaneous hardware & equipment
€ 191
$ 213
Teamwork project management software
€ 186
$ 205
Thrive software
€ 145
$ 160
Domains/hosting
€ 140
$ 151
Amazon gift cards
€ 143
$ 150
Epidemic Sound
€ 129
$ 144
TransferWise fees
€ 91
$ 99
iDevAffiliate affiliate software
€ 82
$ 89
Virtual Post Mail
€ 76
$ 84
Upwork fees
€ 72
$ 82
Notary
€ 58
$ 65
3M1K affiliate payout
€ 49
$ 55
Skype credit
€ 28
$ 31
Google Drive storage
€ 24
$ 24
Amazon Web Services (more storage)
€ 14
$ 14
Gumroad fees
€ 12
$ 12
Total
€ 15,015
$ 16,645
Last Year
€ 5,442
$ 5,988
Other Numbers Of Interest
Money spent per day in 2016
€ 100.18
$ 110.97
Money earned per day in 2016
€ 99.66
$ 110.40
Lowest income month (January )
€ 54
$ 59
Highest income month (May )
€ 6,487
$ 7,243
Most expensive month (May )
€ 3,954
$ 4,415
Least expensive month (December )
€ 1,995
$ 2,099
Monthly Profit/Loss
Here’s how I did throughout 2016 in terms of profit and loss:
January
€ 3,056
$ 3,327
February
€ 304
$ 330
March
€ 307
$ 349
April
€ 63
$ 72
May
€ 2,533
$ 2,828
June
€ 465
$ 518
July
€ 1,276
$ 1,425
August
€ 621
$ 692
September
€ 412
$ 463
October
€ 1,399
$ 1,536
November
€ 226
$ 240
December
€ 1,995
$ 2,099
Overall Profit/Loss
€ 187
$ 213
A Few Photos From 2016
An April evening in Amsterdam.
International Pillow Fight Day in Amsterdam’s Dam Square
A surreal scene at Keukenhof in the Netherlands.
Dutching it up a bit.
Wedding celebration in New Orleans.
Falling from the sky.
Exploring an abandoned NSA spy station on the outskirts of Berlin with Kevin Koskella
With my brother-from-another-mother after 19km of madness.
Apartment I sublet in Tenerife.
Speaking at Nomad City (video of my talk here )
New favorite thing 🙂
At the VIP lounge at LPA.
A Christmas Day stroll on an Irish country road.
Curious as to how I track everything I earn and spend? Check this video.
Great photos 😀