Comments on: Personal Income Statement, February 2007 (Net Income: $3,057)

By: Flexo

Flexo — Tue, 27 Mar 2007 04:55:40 +0000

zen: Quicken for the data and Excel for formatting the chart.

By: zen

zen — Sat, 24 Mar 2007 17:58:24 +0000

Wow, that is incredible!

What program do you use to figure this out – or do you do it all in excel?

By: mbhunter

mbhunter — Mon, 05 Mar 2007 04:07:20 +0000

Hats off for making more at your side jobs than your day job. I’m probably looking at only about 5-10% or so from my side job.

By: mnc

mnc — Fri, 02 Mar 2007 23:30:30 +0000

There is a lot to be said for good benefits as it can be a financial drain if you work for a company with poor benefits.

Seeing that you are making a healthy income from your websites provides additional encouragement for the rest of us. I’m new to your site so I will have to dig through the archives to see if there is more background behind your websites.

By: Flexo

Flexo — Fri, 02 Mar 2007 21:14:17 +0000

Thanks Mme X! Part of the issue is that my day job income is low for my work… But I don’t plan on giving up the benefits. And it’s all from websites (including but not limited to Consumerism Commentary) but not all from advertising.

By: Madame X

Madame X — Fri, 02 Mar 2007 21:05:56 +0000

Wow, has your business income (which I assume is all from websites?) overtaken your day job income?
Nice going!

By: Flexo

Flexo — Fri, 02 Mar 2007 14:20:17 +0000

It’s business expenses. The large amount this month is because I received a payment earlier for advertising on moneyblognetwork.com which should be split between all the network bloggers. Rather than recording what I owed to the other bloggers from the payment as a payable, I recorded it all as income. This month I paid that out and recorded those payments as an expense. (I used this method because all income for moneyblognetwork.com will get recorded on my taxes, so I have to offset that with expenses.)

By: mnc

mnc — Fri, 02 Mar 2007 12:59:42 +0000

Very nice report, I like the spreadsheet you are using. One question I had is what caused the large increase in the misc/bus category? Also, is that misc for your business? Initially I thought it was for the bus (public transit) but now I am guessing it is business expenses.

By: bigbuddha

bigbuddha — Fri, 02 Mar 2007 06:23:10 +0000

That’s awesome, you have really got your stuff together here with these reports.. congrats …