Well, here we are again. Another month of tracking income and expenses is in the books!
How much did I make?
How much did I spend?
WHO KNEW TALKING ABOUT MONEY COULD BE SOOOO EXCITING!?
If you’re new here, let me explain. Last month I decided to start publishing my income and expenses to give others an idea of how much it costs to live abroad.
Of course, this varies drastically depending on where you decide to live abroad, BUT you’re smart. You knew that!
So, Why do this?
Well, these were questions I had before I moved abroad and I figured there are more people out there who are looking for the same info—so I’m trying to fill that information gap.
To be honest, I don’t know how long I’ll keep this up for but it’s working pretty good for now so I’m just gonna keep going.
Let’s get to it.
Rent: $276.92 – About the same as last month.
Utilities: $59.54 – Includes water, air conditioning, WiFi, etc…
Groceries: $41.38 – I started buying more veggies from the market and cooking at home, so this went up!
Lunch: $25.85 – This went down compared to March. Why? See “Groceries” for details…
Dinner: $35.54 – This also went down compared to March. See above for a detailed explanation and all of life’s answers…
Water: $6.77 – I survive off beer now. Just kidding…
Snacks/Drinks: $14.75 – I buy these for my annoying 9-year-old students in order to get them to SHUT THE F*CK UP!
Coffee: $14.00 – I broke down and started buying shitty coffee again 🙁 BUT! I also found out that 7-11 sells not-so-shitty-coffee and it’s only 5RMB. BOOYA!
Cell phone data: $10.00 – Cheap as F.
Gym: $59.38 – Not so cheap as F.
Transportation: $39.23 – Also, not so cheap as F. but, also better than other major cities. Eyyy, ya win some you lose some.
Drinking/Entertainment: $63.46 – I like drinking and entertainment.
Chinese lessons: $103.08 – Started going HAM on my Chinese so this is seen as an investment in my future blah blah blah…
Other/miscellaneous: $567.32 – Okay, this one needs some explanation. HOW DID I SPEND NEARLY $600 in “Other.” What are you hiding from us, Harrison!? Well, truth is, I went to Taiwan and I wasn’t able to track EVERY detailed expense over the course of those 10 days. BUT, what I did do is keep track of the TOTAL amount spent. So instead of categorizing every little expense there, I threw it all into “Other” category. This was probably mostly “Drinking/Entertainment” anyway.
April 2016 Cost of Living Abroad Total: $1,317.22
This was an increase of $1,317.22 – $862.41 = $454.81, compared to the month of March. However, this increase can be attributed to the ten days I spent in Taiwan and all of the traveling and eating/drinking/accommodation costs that are associated with such a trip. Otherwise, not so bad for living abroad and being able to spend 1/3 of the month in another nearby country.
Like last month, here is a breakout of what I earned during April:
Teaching: $872.31 – If you remember from last month’s report, I talked about how I was scaling back my teaching hours to focus more on my online work. I think this amount reflects that. But, this also seems significantly lower because I was gone for 10 days, including two weekends, which are the days I make most of my teaching income. All in all, this is still a good amount for only teaching 3 days a week/less than 10 hours per week.
Copywriting/Marketing/Freelance work: $1,325.00 – This went up, which is good! As I had said before, I wanted to teach less and work online more and I think you can see that is the case. Although this went up for the month of April, I could see it coming back down for May as I finished some big projects with certain clients and the workflow has been slower, thus far. BUT! There are some exciting things that are happening behind the scenes and some good opportunity to make some good cash, so I’m hoping that I will be able to share all that goodness with you in the next income report in June!
April 2016 Total Income: $2,197.31
And the most important part! The greens, the cheese, the bills, the PROFIT: $880.09
IN THE BANK.
Awesome. Not a bad life if you ask me. I get to do what I want most of the time, fly to foreign countries when I feel like it and still put almost $900 in the bank at the end of the day.
However, it’s not all that glamorous. There are expenses back home that I’m not accounting for—student loans, credit card stuff, etc… So I’m not actually banking $900 as I claim but, I AM still saving money, which is the most important part.
As I’ve said before, I write these reports to help people get an idea of what possibilities are out there. You CAN choose to live an unconventional lifestyle and make money without being strapped down to the corporate 9-to-5 matrix.
Either way, hope you got some value out of this post and I would love to hear any questions or comments below!