September 2017 Finance Report

Hola from Gran Canaria!

Here be all my finances for September.

I started off the month in Tenerife, had to take a quick trip home to Ireland for a funeral, and finished out the month in Las Palmas de Gran Canaria.

Summary

Total Income € 2,089
$ 2,468
Total Expenses € 3,220
$ 3,805
Profit/Loss € 1,131
$ 1,337

Income

September 2017 income graph

3M1K 1 € 1,299 $ 1535
Cash gift 2 € 500 $ 591
Coaching / Consulting 3 € 208 $ 246
GoSub affiliate payment 4 € 38 $ 45
Taxi service 5 € 20 $ 24
Cheap Flight Checklist 6 € 12 $ 14
Book sales (via Amazon) 7 € 12 $ 14
Total Income € 2,089
$ 2,468
Last Month € 3,287 $ 3,921

That’s the lowest I’ve pulled in in a single month this year. I predicted no more than $2000 and the gifts helped push me over that mark.

One notable absence above is any payment for freelance work. I actually billed about $1,300 there at the end of the month but none of the payments came through before October hit.

Expenses

September 2017 expenses graph

Food & Drink

Eating out € 157 $ 186
Groceries € 237 $ 280
8 Total
€ 394
466
Last Month € 374 $ 446

Housing & Utilities

1 month at shared apartment in Las Palmas 9 € 553 $ 653
3 nights at apartment in Puerto de la Cruz 10 € 147 $ 174
Total € 700
$ 827
Last Month € 599 $ 714

Health Care

IMG Global Health Insurance 11
€ 0 $ 0
Total € 0
$ 0
Last Month € 0 $ 0

Travel & Transport

Flights: Tenerife (TFN) to Lanzarote (ACE) round trip 12 € 223 $ 263
Parking fine in Puerto de la Cruz 13 € 199 $ 235
Flights: Lanzarote (ACE) to Cork (ORK) 14 € 198 $ 234
Rental cars in Tenerife (12 days total) 15 € 158 $ 187
Fuel for rental cars € 76 $ 90
Cable car to the top of Mount Teide (2 tickets; round trip) € 54 $ 64
2-day car rental in Gran Canaria 16 € 19 $ 22
Parking € 7 $ 8
Bus: Puerto de la Cruz to Tenerife North Airport (TFN) € 6 $ 6
Buses in Gran Canaria € 5 $ 6
Total € 944
$ 1,116
Last Month € 768 $ 916

Business Expenses

Outsourcing 17 € 392 $ 463
Chase Sapphire Reserve credit card annual fee 18 € 381 $ 450
1 month coworking in Las Palmas 19 € 169 $ 200
PayPal fees 20 € 46 $ 54
Hunter.io 21 € 29 $ 34
BuzzStream 22 € 20 $ 24
Virtual Post Mail 23 € 17 $ 20
Phone credit 24 € 12 $ 14
Buffer 25 € 9 $ 10
Currency exchange fees 26 € 7 $ 8
Amazon Web Services (storage) 27 € 2 $ 3
Gumroad fees 28 € 2 $ 2
ActiveCampaign mailing list software29 € 0 $ 0
Dreamhost 30 € 0 $ 0
Elegant Themes subscription 31 € 0 $ 0
Google Drive storage (1TB) 32 € 0 $ 0
MemberMouse 33 € 0 $ 0
Teamwork project management software 34 € 0 $ 0
Total € 1,085
$ 1,283
Last Month € 593 $ 707

Gifts & Donations

Flowers 35 € 26 $ 31
Monthly Love & Courage podcast donation 36 € 5 $ 6
Waking Up podcast donation 37 € 4 $ 5
Total € 35
$ 41
Last Month € 120 $ 143

Books 38

Pre-Suasion 39 **** € 11 $ 13
A Book Of Bees 40 **** € 0 $ 0
DotCom Secrets 41 € 0 $ 0
The Late Show 42 **** € 0 $ 0
Waking Up 43 € 0 $ 0
Total € 11
$ 13
Last Month € 7 $ 8

Clothing

Total € 0
$ 0
Last Month € 0 $ 0

Miscellaneous Expenses

Beach towel € 10 $ 12
Netflix subscription € 10 $ 12
Toiletries € 9 $ 11
Beach lounger rental at Las Teresitas in Tenerife € 8 $ 9
Quarterly banking fee (Irish bank) € 7 $ 8
Siam Park locker rental € 3 $ 4
3 tennis balls 44 € 2 $ 3
Monthly banking fee (Dutch bank) € 1 $ 2
Total € 50
$ 59
Last Month € 57 $ 68

Expense Summary

Business Expenses € 1,085 $ 1,283
Travel & Transport € 944 $ 1,116
Housing & Utilities € 700 $ 827
Food & Drink € 394 $ 466
Miscellaneous Expenses € 50 $ 59
Gifts & Donations € 35 $ 41
Books € 11 $ 13
Clothing € 0 $ 0
Health Care € 0 $ 0
Total Expenses € 3,220
$ 3,805
Last Month € 2,518 $ 3,003

I predicted €2000 for September expenses so I was way off. I forgot that the annual fee for my credit card was coming up, and I unexpectedly had to fly back to Ireland and pay that €200 parking fine.

Biggest Regret?

My only regret was the €200 parking fine. That sucked.

It was 10pm on a Friday night and I was driving around Puerto de la Cruz for twenty minutes trying to find a space. In the end I decided to park on a big wide footpath outside our apartment. When I got up the next morning at 7:45am to move the car, it was gone. Apparently someone had reported it parked illegally and it got towed.

€120 to rent the car for 11 days. €200 for leaving it parked illegally overnight :-/

Year To Date

Here’s how I’m doing so far in 2017 in terms of profit and loss:

January € 668 $ 720
February € 724 $ 763
March € 2,704 $ 2,881
April € 1,023 $ 1,114
May € 10 $ 11
June € 1,755 $ 2,006
July € 166 $ 196
August € 769 $ 918
September € 1,131 $ 1,337
Total € 408 $ 344

Where That Leaves Me

I had €10,308/$12,295 to my name at the end of August.

Taking into account all my September 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 €9,316/$11,007. 45

Outlook For October

I have about $1,300 due from freelance projects, so that will help the income side of things. As usual though, I’m not sure what to expect with 3M1K. Could bring in $500 from that, or $5000. Hard to predict.

I’ll estimate $2000 income on the low-end and $3000 on the high.

As for expenses, I don’t have any travel planned for October, so that will help keep it low. I will have to pay to extend my stay in Las Palmas and I might arrange a trip to Moscow for November, but no other major expenses expected.

I’ll try keep everything under €2000 and see how it goes.

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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