February 2012 Self-Employment Income and Expenses

Since this blog is all about How I Make Money Blogging, I will be breaking down the past month’s online income and expenses at the beginning of each new month from here on out. Now that Mr. BFS and I are both working from home, we have to make this work.  We are aiming for $15,000 every month.  You can see my traffic stats for my main blog, Budgeting in the Fun Stuff, at the beginning of every month too. So here we go!

February 2012 Income Breakdown:

Please keep in mind that I had been working in a professional position with my very own cubicle from June 2005 to July 2011 for $35,500 a year at my highest point (less than $3000 a month).  My husband was a public school librarian for $47,500 a year (less than $4000 a month).

As you can see, our advertising business and regular advertising is really the only thing we are leaning on right now. I will grow passive income streams online at some point, but right now we need to put all of our effort into the growing business.

February 2012 Expenses

  • Outsourcing: $200.00
  • Paypal: $1244.61
  • Empire Expansion: $245.00
  • My Newsletter Monthly Giveaways: $50.00
  • Prize for Another Blog’s Giveaway: $25.00
  • Yakezie annual membership dues:  $60.00
  • TOTAL: $1824.61 (about 10.47%)

I am now outsourcing my social media, my BFS newsletter, blog carnival submissions, niche site development for 6 new niche sites, my backups and back end work, staff writing on co-owned sites, and any sponsored posts. Plus, Jesse and I are buying up at least 1-2 dormant sites a month to grow our online empire (we took this month off). We are trying to keep our overall spending to less than 15% of what we bring in for right now just to help us feel comfortable, especially now that Mr. BFS is working from home with me.

February 2012 Net Income = $15,600.72

Please keep in mind that more than a third of that is being put away for taxes. BUT YAY!!!

Any recommendations, questions, comments, or anything?

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