You’ve finally started to bring in pay checks from blogging. Be it a paid post, advertising, or that payable brand ambassador program you are a part of you should be recording all of the money you make.
I started blogging 6 years ago, literally we’ve had to learn, teach and build all of what you now know as the mom review blogging world. Little did I know years later how many mistakes I made. So learn from me, ask me a question, let me give you advice.
Create a simple Excel document: If you don’t know how to use Excel it’s a rather easy program and if not there’s books available online. Or write it all down in Word, just keep a document somehow.
Your document should have the following in it.
- All money you’ve made: include who sent the money, how much was sent, and the date in which you received it. Also record how it was sent via paypal, check, etc.
- All W-9’s you filled out: Trust me, keeping record of them will help you track down those 1099’s you’ll need to file taxes.
- Ads & Text Links: Just keep track of when they started and who they are being paid by. Also helpful in knowing when to invoice for the following months.
It never occurred to me how much money I was making until I started to add it up. I have learned that a few simple steps can really be helpful in the end.