In Budget Roundups, Money

May 2020: Income Budget Roundup

THE INCOME = $7956.35

Note: All the graphics you will see below, and charts, were made with

All net proceeds go to charity! (Always and forever.)

This month for May, it was Sick Kids Foundation. For June it will be a new charity.

Day Job: $0

For now, not working or making any money at my day job.

Side Income: $7956.35

So side income was basically total income.

These are my main income streams for my side hustles (i.e anything that isn’t my day job).

I have been working for a while since 2013 (even earlier) to try and get this to be a more stable, solid replacement for my living expenses so I will never have to sell my investments again to live.

I lived through a horrific, scary no-working time in 2009-2010 when I was stressed AF and had to slowly sell my plunging red investments just to live.

I vowed at that point in time, to never do that to myself again, and started building up side hustles.

What’s “side income?”

So ANY income is considered a side hustle.

I may not necessarily take out all of the money when I make it (e.g. Lending or Dividends get reinvested back in), but I count everything. Also, any income that was otherwise extra including stuff I’ve won, gift cards, I include all of that as income even if it is “one-off”…

Why so many?

The average millionaire has 7 income streams, and currently I have 12 going on at any given moment as shown below:

  1. Blog – Advertising: $1648.79
  2. Blog – Affiliate: $1130.21
  3. Career & Money Coaching: $609.70
  4. Books I’ve Written & Products: $475.24
  5. Bank interest: $447.71
  6. Bank Promotions: $0
  7. Cashback: $82.46
  8. Dividends: $949.75
  9. Resale: $1922.21
  10. Lending: $690.28
  11. Surveys: $10
  12. Other: $0

My major income streams they are:

  1. Blog (Advertising)
  2. Blog (Affiliate)
  3. Career & Money Coaching
  4. Blog (Books)
  5. Blog (Products)
  6. Dividends
  7. Bank Interest
  8. Lending
  9. Resale

The the 5 rest of them are one-offs, or just things I do every few months or so, like bank promotions where I may get a few hundred dollars every 3 months signing up for things.

All of this income is fickle

Honestly, I try not to rely on this. One month, people are buying or using your affiliate link, and another month, crickets.

The key is just to try and get everything up at once, working hard to make them all viable sources of income so that when one lessens, another can pick up

1 and 2 Blog: $2779.00

Advertising: $1648.79

Affiliate: $1130.21

How do I make money off the blog?

I am mainly with Monumetric, an ad network and they give a pretty decent rate of pay, on par or better than other networks. My referral link for them is here.

What do I use to manage my blogging / social media?

I am only active on 3 main platforms because I cannot handle more than that alone:

The ONLY thing I pay for in terms of social media management, aside from webhosting fees etc, is $15 a month for Tailwind Plus – a social media manager. This service has saved my life for social media management and without it, I couldn’t do my day job, my personal life, my blogging life AND social media life / postings. If you use my referral link, you can try out one month of Tailwind Plus for free.

3 Money & Career Coaching: $609.70

I finally have time for this, and I started offering my services in April to help others with their money and career direction.

You can read some of the great feedback I got here, and see my rates, and some of my success stories are all listed here.

4 Books & Products: $475.24

I released 3 new books for May O_o

I went crazy and had all of this pent-up energy, so I wrote three new books: Instagram level up Like a BossStay Anonymous Online Like a Boss and Publish a Book Like a Boss.



Save. Spend. Splurge. Products sold, include:

I am also working on a seventh book but am taking a break. I mean, writing 3 books in a month is … insane.

5. Bank Interest = $447.71

Have decided to start draining my emergency fund

I’ll slowly use my emergency fund that I have saved up for the next 3 years, and slowly drain it, and redirect 100% of my side income into my investments instead.

I can expect to find a contract within the next 3 years, but even if I don’t, I can always stop draining my side income into investing 100%, and decide to save it instead to live on.

Tangerine still paying out 2.74% until end of June for me

Even though the banks all dropped their high interest savings rates, I still snagged the Tangerine promotion until end of June to have 2.74% on my money. When the promotion is over, I should be earning 2% on my money with EQ Bank.

Would highly DISCOURAGE using LBC Digital

They are THE. WORST. BANKS. IN. CANADA. I re-wrote a scathing review on them here and how disrespected I felt and how terrible they are. I HATE THEM.

6. Bank Promotions = $0

No bank promotions this month as they are sporadic for signing up for bank accounts and so on.

I already got my promotion paid off from ScotiaBank last month, and now I am working on a BMO promotion for $300 to be paid out by end of August.

7. Cashback = $82.46

I got credit card cashback from spending (I had to order a few things for my aunt, and my mother), and my cashback was $50 from credit cards.

For shopping online, I also got a payout that is done every quarter.

Rakuten also only pays out every few months or so, so I expect to see about $40 coming my way soon. I can’t even believe it took me this long to trust/believe in this sites, but I use:

Money is money. I also use credit cards to get cashback, and my main card is the Rogers World Elite Mastercard with 3% cashback on forex (foreign exchange) purchases and 1.5% cashback on everything else.

8. Dividends: $949.75

Dividends were a little under for May, but that’s to be expected.

A lot of dividends pay out quarterly, not monthly… and June should be a big month for dividends.

For my 2020 Dividend Income Year to date:

This is my original mini dividend project details and my dividend short list of stocks I was looking at to buy for Canada and the U.S.  Here are my goals for dividends for 2020.

My last dividend update from May is here, and this is how I calculate dividend income.

Also I am all about the DRIP*! I always reinvest back my dividends into buying more stocks and shares.

*Dividend Reinvestment Program.

I use discount brokerage Questrade for all my RRSP, TFSA, Margin and RESP accounts:

9. Resale = $1922.21

I am selling items off from my wardrobe using Poshmark:

I have been listing more, selling more. <3

10. Lending = $690.28

I am currently doing private lending via a website called Lending Loop:

I have temporarily stopped investing into more small business loans and started taking the cash out instead to buy individual stocks for dividend yield.

So really, I am still investing the money and not spending it, but redirecting it into snapping up individual stocks at a lower price instead.

11. Surveys = $10

I managed to squeak out $10 this month. This is not a huge stream because I can’t be bothered with low-paying surveys, but I can count on at least $10 a month, for about $120/year.

How I make money off Swagbucks

I signed up for their email notifications, so they send me emails like: Earn 100 swagbucks in 20 minutes! and I fill those in.

I also occasionally find survey sites I like, like Peanut Labs (connected to Swagbucks) and I see what’s there because their payouts are pretty good for the time spent.

  • Swagbucks: Use my referral link to get 300 Swagbucks but only once you earn another 300 Swagbucks doing surveys etc within the first month. You need only 750 swagbucks to redeem it for $10 from Paypal.

12. Other = $0

No other “strange” income coming in that was one-off…. not that I get much of this really.


I hit $100K for 2020 as expected

I was pretty close last month at $99K so I knew $100K would be possible.

Goal: $150K in TOTAL income and ~$50K in SIDE income

My original goal was $300K until I got fired, but I will shelve that and aim for $50K in just side income alone for the whole year of 2020, which should be a total income of $150K this year, even though I got let go in March.

This didn’t happen overnight..!

I lost my data when my hard drive crashed, and now I keep 2 backups of everything, but I only have data going back to 2013 to track my side income.

Alas. This is what I am making so far.

Last year, in all of 2019, I made $34,602.93 in side income, and this year I am already catching up to that by May 2020 as you can see below:


If you are interested, my money is parked here:

  • Tangerine: Currently on promotion at 2.74% !!! Use my Orange key { 32726976S1 } for free money (You get $50 once you deposit $250; and I get $50 too).
  • EQ Bank: Now at 2% … (I refuse to bank with LBC Digital and any of their related banks forever and ever. Read all about it here.)

…credit card extra rewards cashback savings here:

..and invested here:

…and I list my things for sale here:

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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