Extra income report – June 2018.
June was a good month, all in all. We started investing, which took a chunk of time to research, and I set up my online shop on my art website and started to get to grips with the deeper things of SEO. On top of that I had to re-take all of the photos for my shop and Etsy store because they were dreadful. Really, I started to feel as if I was spinning my wheels but skidding around in ever-increasing circles!
Well hey, the weather’s been great and life has given us lots to celebrate. This month’s side hustles are only in their infancy but that’s how things go sometimes!
Here’s a breakdown of our passive and side hustle income for June.
- Cashback – £7.28
- Online Earnings – £6.04
- Interest – £12.12
- Blog – £69.03
My rules for calculating our extra income.
What do we include?
Cashback, bank interest and incentives, dividends, bonuses, competition wins, discounts earned through loyalty points, voucher codes or special activity, found money (substantial amounts), gifts, tax refunds that would otherwise be unclaimed, earnings from online or offline sales, as well as earnings from surveys, apps and freelance writing work.
What doesn’t qualify?
Our salaries, regular sale refunds (such as buying something and then returning it), discounts on items in store or online that are available to all, general estimates of what we could have spent but didn’t – such as reducing a bill and calculating what the difference would have been.
Here’s our income in detail:
£12.12 this month, better than a poke in the eye! Although I don’t know why anyone says that anyway. Anything is better than a poke in the eye. And still, £12.12 is better than nothing.
Instead of going straight into another regular saver (like the one that gave us that big payout recently), we’ve allocated some of our savings for investing. The majority is in cash still, as despite what people say about bank account interest being so low, we do max out our high-interest current account options.
Read about Lee's extra income in June 2018! Click To Tweet
Those Prolific Academic surveys did pay out! They really are quick, that’s for sure. I rarely feel in the mood to complete surveys nowadays but I’m glad that I’ve started working with Prolific as well as Pinecone.
This month I received £7.28 from my TSB cashback credit card, which seemed to include £5 from April, when I didn’t get any cashback. So they’ve finally gotten around to addressing the shambles in which my credit card statement was left by their IT issues… but at least I didn’t lose out as much as other customers did.
These days, instead of getting all my TopCashback payments paid to me as cash, I’ve been transferring it into my Reward Wallet. This will let me get an even bigger payout, as a bonus is applied to it. I’ll probably use it to buy gift cards on Zeek, making it go even further!
This month saw a payment of £69.03 from Google Adsense. Now, I don’t want to tell you how long it’s taken for me to get over the payment threshold for Google Ads, because frankly, it’s embarrassing. But what is encouraging is that the increase came about all in the last few months, so something is definitely improving, right?
Well yes, things are going in the right direction. I’m impatient sometimes, but I’ve got to work on that.
That’s all for this month…
That’s the extra income report: June 2018 has been a slow month for actual income but a lightning fast one for ideas. That’s one of my big problems – so many ideas and so little time! I’ve poured more time into working on my two biggest websites and I’m starting to see a bit of a result, but I’ve been so tempted to waste time on new, shiny projects.
At least I know what my kryptonite is, right?
Over to you.
What side hustles have you tried this month? Let me know in the comments!
How did this year compare to last year?