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It’s August, and time to crunch the numbers from July. Let’s take a quick look at my income report for the past month.
As a reminder, I count money as it comes into my account. I do the same with expenses. It’s just easier for me to keep track of everything that way!
Money Earned
I earned exactly $1500 in July.
Where did that money come from?
The vast majority of my income was from writing. I also had some Virtual Assistance income.
Also, the bank fee I complained about in June was reversed, so my $5 was deposited back to my account.
Money Spent
After my really low months of April and May, I tried to really cut back on my expenses for summer.
I only spent $104.20. Here’s a look at how that breaks down:
-Mastermind Membership
-PayPal Fees
-ConvertKit Membership
I know my expenses will be a bit higher in the coming months, as I’m due to renew my website domain and hosting. I also have my eye on a course or two.
What I Learned
July marked my freelancversary. I’ve been making money online for a year now.
Since I just shared a reflection post, I’m not going to go into a ton of detail here, but you can check out my big post of what I learned here.
Moving Forward
July is my busiest month. We’re not homeschooling, so it’s the month when I redo all of our annual plans.
Training the kids to do new chores takes time.
Learning a new menu to prepare takes time.
So I didn’t have as much time for freelancing. In anticipation, I didn’t pitch nearly as much as I have been.
Going forward I plan on pitching for more opportunities.
I’d love to get my income consistently over the $2K mark a month. My goal in January was to make $30,000 this year, and I’m definitely going to fall majorly short if I don’t land more work.
How Was Your July?
If you’re a freelancer, how did July treat you? I’d love for you to let me know in the comments section below.
Lisa Tanner is a former teacher turned homeschooling mom with 11 kids. She's also a successful freelance writer. Lisa enjoys helping other busy moms find time to start and grow a side hustle of their own.
