Income Report – September 2012
I’ll be honest. With all the excitement of quitting my job, I totally forgot to put together my income report. Better late than never, I guess! I always start writing this before I actually look at the numbers, so together, let’s try to work out if I’ve made a horrendous mistake by quitting my job. Of course, I’m being overly dramatic, as always. I’m sure the numbers won’t look amazing but the act of quitting my job was about so much more than money. Since quitting, I’ve been able to spend more quality time with my friends and family. I’ve had time to think, exercise, plan my life and actually work on stuff I care about. So here’s to quitting my job! And here’s to you doing the same, if you’re that way inclined.
OK, so a huge proportion of this month’s takings were from my salary. That’s because it was my final salary payment so the company had to pay me for unused annual leave.
Salary - £3042.61 after tax.
Property - £316 tax free. Under the Rent a Room Scheme
Websites - £158.275 is much less than usual and there are two reasons for this. Firstly, advertising revenues have dropped recently and we had to fork out for our ridiculous business cards and travel/tickets/accommodation for the Write On blogup.
Consultancy and web hosting - £57.50. Well, this is going to grow quite dramatically next month. I will start invoicing my new client (haha) approximately £700 per week.
Dividends - £59.54 tax free. After the past few months, 60 quid doesn’t seem so impressive but this is a more typical month for this revenue stream. I just wish I could afford to buy more shares right now!
Interest - £141.33. Yesssss, that’s more like it! My social lending earnings were static at around £17. The remaining £124 was annual interest paid from my First Direct Regular Saver account.
Non-salary subtotal £732.65 – This is pretty poor in the scheme of things. The one off interest payment from my regular saver has made up for the lack of dividends. The decreased website revenues have really been the killer here but not to worry. Onwards and upwards! Or maybe I’ll be homeless soon. Whatevs.
Total - £3775.255. Not bad at all, but I won’t have the extra holiday pay to save me every month, however I’m not particularly worried about that. I’m just looking forward to my contract revenue rolling in!
£54K! That’s all I’m going to say about that. Peace out financial homies.
Tagged dividend, Income, interest, property, report, salary, website
Sterling Effort was created to stuff some financial knowledge into those of us who grew up without being taught how money really works; how to make it, save it and grow it. Our aim is to give you clear and concise information regarding personal finance and hopefully provide some entertainment along the way.
maria@moneyprincipleOctober 7, 2012 at 10:07 am
Looking good, Ash. Can I ask, why has advertising income dropped (you don’t have to answer but I am curious whether it is a general trend or ir is only the SE)?
AshOctober 7, 2012 at 6:17 pmAuthor
I think we’ve been too aggressive on pricing, so we’ve learnt from that
My other site has been suffering slightly from seasonal factors but that should pick up as we head into Christmas.
savvy scotOctober 7, 2012 at 6:48 pm
Good effort man. I definitely had fewer guest posts the last couple of weeks. Hopefully new budgets for a new month/quarter will make all the difference on the run up to Christmas!
AshOctober 7, 2012 at 6:58 pmAuthor
Cheers! I hope so too, but it’s not so bad. It’s a good excuse to be writing more!