Income Report – January 2016

I knew this day would come, a sub $70 month. It’s OK though, I’ve been trying some different stuff. I’ve started living on a budget and with less expenses, comes less cashback from my credit card. I do love making extra on my cashback card, but it’s still worth more saving. I’m not a frugal kind of guy, but I can save a few nights not going out to eat.

Additionally, my Halloween Decoration Website isn’t in season, so less money. That’s understandable. Luckily I did make some in dividends this month a whopping ($4.27), pretty cool. Plus Wallet Squirrel made ($0.66) Wahoo!

In January, I have received $48.17 in additional income.

Additional Income

January, 2016

$48.17

Interest Checking

$0.22

Interest Saving

$2.85

Cash Back Credit Card

$31.42

Wallet Squirrel Website (Adsense)

$0.66

Halloween Decorations Website

$8.75

Dividends

$4.27

Realty Income Corporation (O)

$1.15

The Walt Disney Company (DIS)

$1.42

Digital Realty Trust (DLR)

$1.70

The coolest part is no matter the season, I will always make dividends and with my latest purchase of “O” Realty Income, my monthly dividends will be at least $4.76, that’s already more than I made this month.

Next Month
I am hoping to do a couple things next month to increase my additional income.

  1. I am planning on commenting on a lot more financial blogs this upcoming month, this will provide me some great info from different post and maybe some SEO in return.
  2. I plan to write some new content for my Halloween Decoration Website hoping to increase my SEO
  3. Lastly and always, I will contribute more to my dividend fund.

Income Report – December

I try to share all of my income I’ve received over the last month. My additional income goes toward my dividend portfolio so the goal is to eventually have my dividends be the largest income each month. While I’m not there yet, I have had a great month! Even better than November ($61.19). My biggest income this month was my affiliate site #1 with $34.10.

In December, I have received $70.80 in additional income.

 

Additional Income

December, 2015

$70.80

Interest Checking

$0.21

Interest Saving

$1.37

Cash Back Credit Card

$29.40

Wallet Squirrel Website (Adsense)

$0.14

Affiliate Website #1

$34.10

Dividends

$5.72

Afflac (AFL)

$0.82

Centerpoint Energy (CNP)

$1.24

Johnson & Johnson (JNJ)

$1.50

Microsoft (MSFT)

$0.36

Realty Income Corporation (O)

$1.14

The Coca-Cola Company (KO)

$0.66

 

This month I made $5.72 from dividends. I love dividends, I didn’t have to do anything to earn this money. I just invested in the companies above and waited for the dividend check.

Since I’ve recently switched to a new bank with interest checking and higher interest savings I’ve been super happy with the results. This month alone I’ve made $1.58. To me this is incredible since that’s more money than my old bank ever made in a month. Got to love 1% interest savings account. Plus who doesn’t enjoy earning interest off their checking account?

My addition income came from my 2% cash back credit card ($29.40) which I use to make all my purchases so I get the cash back. As well as the websites I manage. Most ($34.10) of that was from my affiliate website #1 that I’ve been running for the last 2 years and a very small amount ($0.14) came from this website through adsense! That’s so great to see. That means someone is at least reading this site.

Income Report (September – November)

I have a regular job, but these income reports are what I earn ON TOP of my regular income (we all want to earn more). This is income from experimenting different ways to earn income online, and money I’ve received through dividends from investing.

In the last three months I have received $416.17 in additional income.

 

Additional Income September, 2015 October, 2015 November, 2015
$117.01 $237.97 $61.19
Interest Checking $0.07 $0.26 $0.23
Interest Checking Payout Date 9/10/2015 10/10/2015 11/10/2015
Interest Saving $0.08 $0.16 $1.35
Interest Saving Payout Date 9/10/2015 10/10/2015 11/10/2015
Cash Back Credit Card $19.86 $15.13 $31.79
Credit Card Reward Date 9/10/2015 10/12/2015 11/11/2015
Affiliate Website #1 $97.00 $221.00 $20.50
Month to Month 9/1 – 9/30 10/1 – 10/31 11/1 – 11/30
Dividends $0.00 $1.42 $7.32
Long-Term Care (LTC) $1.08
Omega Healthcare Investros (OHI) $1.68
Realty Income Corporation (O) $0.76 $1.14
The Clorox Company (CLX) $0.77
The Coca-Cola Company (KO) $0.66
The Procter & Gamble Company (PG) $2.65

 

Income sources:

Interest Checking – Any way I can make an additional penny on top of my regular income is a plus. So when I switched banks in 2015 to hop into an interest checking account, I was thrilled to see that money just sitting in my checking account actually made money. It’s not much, but it’s more than $0 which what I was making in my old checking account. Yay for $0.56 I made in the last three months!

Interest Saving – Most people make some money in a saving account, but I recently switched banks and now make %1. It’s awesome! I definitely recommend to shop around for a bank that fits your goals.  I try to keep a padded buffer of cash in my checking account in case of any BIG purchases and usually anything extra goes into my stock portfolio. Since my stock portfolio is more long term, I use my saving account to save up for any near big purchases. Currently I am adding some money each month to my 1% saving account to pay off my car in the near future. My little car payoff account has made $1.59 in the last three months. That’s something!

Cash Back Credit Card – So I used to know nothing about credit cards. I got swindled in college into getting a credit card with points from Wells Fargo.  I even had to pay $20 annually to participate and my points expired after a certain date. Worst idea ever (slightly dramatic). This last year I switched to the Citi Double Cash Back Card which gives you 2% back on every purchase. While I have zero credit card debt, I use my new credit card to pay for EVERYTHING and immediately pay it off the next day. Now I enjoy around an extra $20 a month for buying everything I normally do anyways. In the last three months, I have earned $66.78 for just using my card. NOTE: Please be careful whenever using a credit card, if you don’t pay it off immediately, the fees in interest are awful on any card. Use responsibly.

Affiliate Website #1 – A lot of people talk about earning additional income from creating an affiliate website. I tried it and it’s moderately successful, but it’s a lot of work. Mine focuses on Halloween Decorations (I’ll cover this in a future post) so it’s usually low for most of the year and spikes around Halloween time. I’m sure it could do better if I put more time into it, but I can’t complain about the $600 a year it usually brings in. I made $338.50 in the last three months.

Dividends – Like my interest checking and saving account, I do absolutely nothing to create this income from my stock portfolio. My goal is to generate enough dividends monthly to live off. That sounds awesome right? In the last three months I made $8.74 in dividends from the stocks I own. This is my favorite source of income, the more I invest (responsibly) the more dividends I’ll receive. In the future, I anticipate this being my highest source of income.

Thank you for your time, and have a great day =)