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My 2012 Income: Yeah, I’m Giving Details

As a freelancer, my earnings are far from predictable. 2012 marked my second full year doing freelance work (I also earned money through freelancing for a few months in 2010). I entered the year with some lofty goals. But did I see them through?

My Monthly Goals

When 2012 began, I set a goal for myself: to have net earnings of $1200 or more each month of the year. If I did so, I’d be able to gross $14,400 for the full year, giving my family and I a nice cushion in addition to my husband’s salary as a law enforcement officer.

In early 2012, I became a staff writer for several personal finance websites, giving me more “routine” earnings than I’d ever experienced in freelance work. But this income alone wasn’t going to be enough for my family to feel secure, so I kept my eyes and ears open for any additional work opportunities.

My Monthly Totals

Here’s what I made each month of 2012. Note that these are my net earnings from multiple contractors; they do not take into account any payroll or income taxes.

  • January – $4974
  • February – $1528
  • March – $2036.25
  • April – $1800
  • May – $3454.25
  • June – $2849
  • July – $1498
  • August – $1338
  • September – $1178
  • October – $4780
  • November – $4438
  • December – $5581

The Grand Total

In all, I made $35,454.50 in 2012. I estimate that I worked, on average, about 25 hours a week with all my freelance work; some weeks, of course, I worked far more, while other weeks, I worked far less. That means I was earning, on average, about $27 an hour for all my projects combined.

As you can see, my trajectory at the end of the year was in a good direction. I recorded three of my biggest four months in the last quarter of 2012; I anticipate that I’ll see net earnings more in line with those months as we go into 2013.

What’s Next?

Obviously, I blew my goal of earning $1200 a month in 2012 out of the water. I only had one month (September) where I earned less than that, and most months I earned several hundred – if not thousand – dollars more.

This year, my goal is to earn – on average – $2500 a month. This is actually less than what I averaged per month in 2012 (my monthly average last year was closer to $2950), but if I hit this target, it’ll still give my family more than enough extra income to boost our savings, investments, and, maybe most importantly, have a little fun.

What are your earning goals for 2013? How have they changed compared to last year?

6 Responses to My 2012 Income: Yeah, I’m Giving Details

  1. Wow, go Libby!!! I know me and Jesse were only a really small part of all of that, so congrats!!! I really love your writing and am glad it’s appreciated by others too!

  2. Excellent work Libby, I managed to add an extra 5k on top of my salary from free lancing last year. This year I want to match my salary and maybe even surpass it!

  3. I am stuck at my present income and there will be no raises or extra hours in 2013. I am attempting to reduce expenses but reducing can’t do it all so I am hunting for a second income.

    I don’t have any special skills except what I do at work and I want to do something else with my extra time. I still haven’t figured it all out so I can’t set a budget yet.

    I need to decrease my debt and I need to make more money. That is my goal.

  4. Well Jane, at least you’ve got the right mindset, now all you need is execution, which is probably just as hard. I have a ton of friends who want to do something more than their current job, but just don’t know where to begin. From my experience, no matter what you do, you are going to learn from it and it is going to help in any future business endeavors. I can see you already started your own online blog – now you just need to research how the best bloggers got to where they are. Crystal @ BudgetingInTheFunStuff.com is probably one person I would start by “interviewing”. If you check out her blog, she’s done an exceptional job of boosting her income and is very open about her success. Best of luck, Jane!

    • I am a regular at Budgetting In The Fun Stuff and she posted and article on blog improvement this week.

      Mr. Money Moustache did the same.

      Nice to have something different than my routine job. Something thanks sinks, floats or flys and is totally dependant on my creativity and hard work.

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