June 2014 Money Report
Welcome to the June 2014 Money Report! This is way late, but better late than never! I’ve had a pretty hellish month which I’ll get into below, but I really wanted to get this post out.
June 2014 was a good month overall – nothing too extreme 🙂
To view all previous monthly money reports and to find out why I publish these reports, click here
Actions Plans for June 2014
Key: Complete/Some Progress/No Progress
- Read the book: Effortless Savings
– The author of the book contacted me to review this on the site. He is sending me a free copy 🙂
- COMPLETE – Here is my book review on Effortless Savings
- Sell at least 5 things on Ebay
- Only sold three things – here they are:
- Soccer Cleats – $28 (bought for $2)
- Wii Sonic Riders game – $12 (bought for $3)
- Gibson Guitar Amp – $30 (bought for $2)
- Only sold three things – here they are:
- Complete the first round of edits on my new book: Stock Market Investing for Newbies
- COMPLETE – Actually finished up my book and released it! Read more about my new investing book here!
- Get second editor to review my new book: Stock Market Investing for Newbies
- Decided to cancel this one and just push the book out, so I’m considering it complete 🙂
- Finish my new website: OfficeForNewbies.com and post the first training video (see below for description)
- COMPLETE – Please check out my first video, how to create a table of contents in MS Word
- Conduct at least two tutoring session for $$$
- COMPLETE – Actually complete three sessions
June was nice from a goals perspective. I completed everything except for the Ebay sales which is a little out of my control. Let’s look at the financial specifics for June 2014:
Notes on Making Money for June 2014
June’s income was strong! I was able to maintain my side-hustle income around $700+ and saw a nice dividend boost for the month! Here are some details.
- Ebay – $69 – sold three items
- Google Adsense – ~$20 – my CPC dropped off quite a bit for some reason?
- Youtube – ~$10
- Guest Posts – $450
- Tutoring – $180
- Dividends – $370
Total side income (dividends plus side-hustles) came in around $1,100! That’s the highest so far since I started this blog (pats self on back).
Notes on Money Saving for June 2014
Routine expenses for June saw a nice drop over the previous month. We were able to save on gas, groceries, and eating out this month.
Non-routine expenses were a little higher than I would have liked, but we did have Father’s Day, birthday parties, our anniversary, and materials to seal coat our driveway. So, all-in-all it wasn’t too bad.
Our total savings rate for the month of June was 47% – acceptable.
Notes on Investing for June 2014
For June, I invested $5,500 in my IRA with 135 shares of JNK at a price of $41.719. JNK is the SPDR Barclays Capital High Yield Bond ETF. This is basically a junk bond fund that pays an annual dividend of ~5.8%. My target asset allocation for junk bonds is ~20%. For more on asset allocations, why not check out my new book: Stock Market Investing for Newbies
Actions Plans for July 2014
Even though July is almost over, here are the goals I setup for myself earlier in the month:
- Publish my eBook and paperback book: Stock Market Investing for Newbies
- Conduct at least two tutoring session for $$$
- Sell 5 things on eBay
- Get halfway through the book the The Law of Success
by Napoleon Hill
I am setting the bar a little lower for July because I am also trying to interview for positions within my current company and this will suck up a ton of my time.
Other Points of Interest
- Here are the posts I created for the month of June – check them out if you missed any:
- Yard Sale Arbitrage – Soccer Cleats
- How to Make Money Tutoring
- Insurance Company Bait-and-Switch
- Book Review – Think and Grow Rich
- Turn Off Your Outside Lights at Night
- Payday Lenders – Are They Really The Ones To Blame? (guest post)
- Make Money on Craigslist with Flipping (guest post)
- My Stock Market Investing Book is Almost Complete!
- Why Should You Invest in Gold? (guest post)
- Can Cigar Smokers Get Life Insurance? (guest post)
- Book Review – Effortless Savings
As an aside, my Alexa rank has really been increasing over the past month for some reason. I have no idea why, but it’s got me frustrated! Hopefully this will come back down.
What are your money saving, money making, and investing plans for July?
Thanks for sharing your recent income/expense picture. You have a pretty impressing savings rate and pretty good income from you side hustle. Good luck with your new book. It will be interesting to see income figures from your sales. Look forward to your next update.
DivHut,
Thanks for your kind words 🙂 I don’t think the book is going to make me rich, but hopefully it will bring in a few bucks each month. I’m going to work more in August trying to promote it with other blogs to see if this will help get the word out about it.