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 1 | € 18,581 | $ 20,657 |
| Freelance web development 2 | € 14,013 | $ 15,504 |
| Affiliate income 3 | € 932 | $ 1,029 |
| Other refunds 4 | € 787 | $ 828 |
| VAT refunds 5 | € 594 | $ 660 |
| Coaching 6 | € 379 | $ 411 |
| Book sales (via Amazon) | € 295 | $ 325 |
| Google Adsense 7 | € 238 | $ 264 |
| Sale of personal possessions 8 | € 195 | $ 216 |
| Personal tax refund 9 | € 137 | $ 153 |
| Loose change 10 | € 109 | $ 121 |
| Books sales (via ebizfacts.com) | € 106 | $ 115 |
| Credit card cash rewards 11 | € 63 | $ 69 |
| Cash gifts 12 | € 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 13 | € 9,420 | $ 10,439 |
| Food & Drink | € 4,405 | $ 4,865 |
| Travel & Transport | € 3,312 | $ 3,674 |
| Miscellaneous | € 1,483 | $ 1,633 |
| Insurance 14 | € 1,219 | $ 1,349 |
| Clothing | € 650 | $ 717 |
| Personal Taxes 15 | € 394 | $ 449 |
| Gifts & Donations | € 370 | $ 407 |
| Books 16 | € 154 | $ 170 |
| TV, Movies & Cinema | € 117 | $ 129 |
| Toiletries | € 115 | $ 128 |
| Laundry 17 | € 12 | $ 14 |
| Total Expenses |
€ 36,666 |
$ 40,616 |
| Last Year | € 29,601 | $ 32,555 |
Business Expenses
| Outsourcing 18 | € 3,791 | $ 4,166 |
| Accountant 19 | € 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 20 | € 400 | $ 450 |
| Stripe fees 21 | € 398 | $ 445 |
| The Subtle Art Of Not Giving A F*ck (25 Copies) 22 | € 308 | $ 343 |
| Coworking 23 | € 289 | $ 312 |
| LLC setup 24 | € 263 | $ 293 |
| 3M1K refunds 25 | € 253 | $ 287 |
| Postage 26 | € 225 | $ 247 |
| MemberMouse 27 | € 219 | $ 242 |
| Phone credit | € 201 | $ 223 |
| Miscellaneous hardware & equipment 28 | € 191 | $ 213 |
| Teamwork project management software 29 | € 186 | $ 205 |
| Thrive software 30 | € 145 | $ 160 |
| Domains/hosting 31 | € 140 | $ 151 |
| Amazon gift cards 32 | € 143 | $ 150 |
| Epidemic Sound 33 | € 129 | $ 144 |
| TransferWise fees 34 | € 91 | $ 99 |
| iDevAffiliate affiliate software 35 | € 82 | $ 89 |
| Virtual Post Mail 36 | € 76 | $ 84 |
| Upwork fees 37 | € 72 | $ 82 |
| Notary 38 | € 58 | $ 65 |
| 3M1K affiliate payout 39 | € 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
Curious as to how I track everything I earn and spend? Check this video.
Great photos 😀