February 2019 Finance Report

Everything I earned and spent in Chiang Mai and Gran Canaria

Below you’ll find all my finance details for February 2019.

I spent the first half of the month in Chiang Mai, Thailand, and the latter in Gran Canaria.

Summary

February 2019 finance graph

Total Income € 2,261 $ 2,573
Total Expenses € 2,790 $ 3,174
Profit/Loss € 529 $ 601

Income

February 2019 income

Consulting / Project Management 1 € 1,980 $ 2,253
Freedom Business Builder 2 € 149 $ 169
Patreon 3 € 107 $ 121
Book sales (via Amazon) € 26 $ 30
Total Income € 2,261
$ 2,573
Previous Month € 3,240 $ 3,711

I was aiming to pull in €2,500 in February. Fell a little short of that.

Expenses

February 2019 expenses

Food & Drink

Eating out € 259 $ 295
Groceries € 191 $ 217
Total € 450
$ 512
Previous Month € 546 $ 625

Housing & Utilities

1 month coliving at The Pool in Gran Canaria € 640 $ 728
3 nights at Ubud villa 4 € 41 $ 47
Cleaner for Chiang Mai apartment € 4 $ 5
Total € 685
$ 779
Previous Month € 609 $ 697

Health Care

SafetyWing travel insurance 5 € 33 $ 38
Total € 33
$ 38
Previous Month € 39 $ 45

Travel & Transport

Las Palmas city bike 6 € 45 $ 52
5 days car rental in Gran Canaria 7 € 45 $ 52
Fuel for rental car € 27 $ 31
Checked bag fees for flights € 25 $ 29
Rental car deposit difference 8 € 23 $ 26
Taxis / tuktuks / songthaews in Chiang Mai € 15 $ 17
Parking in Gran Canaria € 7 $ 8
Taxi in Maspalomas € 6 $ 6
Bus: LPA to Las Palmas € 3 $ 3
Total € 196
$ 223
Previous Month € 481 $ 551

Business Expenses

Outsourcing 9 € 938 $ 1,067
1 month coworking at CWC in Las Palmas 10 € 120 $ 137
Timeshifter premium 11 € 22 $ 25
Phone credit € 20 $ 23
SmarterQueue 12 € 19 $ 22
Google Drive storage (1TB) 13 € 18 $ 20
MemberMouse 14 € 18 $ 20
Patreon fees 15 € 14 $ 16
Hub 53 flexi plan 16 € 10 $ 12
YouTube Premium 17 € 10 $ 12
Virtual Post Mail 18 € 9 $ 10
TransferWise fees € 6 $ 7
PayPal fees € 2 $ 2
Amazon Web Services (storage) 19 € 2 $ 3
Upwork fees € 1 $ 1
Dreamhost web hosting 20 € 0 $ 0
Teamwork project management software 21 € 0 $ 0
Total € 1,210
$ 1,377
Previous Month € 772 $ 884

Gifts & Donations

Flowers € 8 $ 10
Effective Altruism Fund 22 € 9 $ 10
Monthly Love & Courage podcast donation 23 € 5 $ 6
SamHarris.or subscription 24 € 4 $ 4
Patreon: The Blindboy Podcast 25 € 3 $ 3
Total € 29
$ 32
Previous Month € 40 $ 45

Books 26

The Million-Dollar, One Person Business *** 27 € 10 $ 12
Guns, Germs, and Steel ***** 28 € 10 $ 11
You Are A Badass At Making Money 29 € 2 $ 2
Helen Keller: The Story of my life 30 € 0 $ 0
Total € 22
$ 25
Previous Month € 6 $ 6

Clothing

2 pairs Hurley shorts € 96 $ 109
3 T-shirts € 20 $ 23
Total € 116 $ 132
Previous Month € 0 $ 0

Miscellaneous Expenses

Toiletries € 25 $ 28
Netflix subscription € 11 $ 13
Monthly banking fees (Hong Kong bank) 31 € 8 $ 9
Currency exchange fee € 4 $ 5
Monthly banking fee (Dutch bank) € 2 $ 2
Total € 49
$ 56
Previous Month € 95 $ 109

Expense Summary

Business Expenses € 1,210 $ 1,377
Housing & Utilities € 685 $ 779
Food & Drink € 450 $ 512
Travel & Transport € 196 $ 223
Clothing € 116 $ 132
Miscellaneous Expenses € 49 $ 56
Health Care € 33 $ 38
Gifts & Donations € 29 $ 32
Books € 22 $ 25
Total Expenses € 2,790
$ 3,174
Previous Month € 2,587 $2,963

I was aiming to keep everything under €2,500 for the month. Went a little overboard, mainly because I forgot I had invoices due from freelancers.

Biggest Regret?

Nothing major.

Only thing I can really point to is the €5 or so I was charged for not locking the city bikes in Las Palmas properly. I should have figured that out sooner. Oh well.

Where That Leaves Me

I had €13,832 / $15,841 to my name at the end of January.

Taking into account all my February income and expenditure, and the most recent exchange rates – I have accounts in EUR, HKD and USD – my total bank and cash balances now work out to €14,477 / $16,469. 32

Outlook For March

I reckon it’ll be much the same as February, both income and expenses. Though I won’t be spending as much on outsourcing.

I’ll aim to crack €2,500 income – freelancing is my main source while I’m building up affiliate income streams – and try keep expenses less than that.

How I Track All This

Curious as to how I track everything I earn and spend? Check this video…

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.

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