‘My Income report’ is a very common blog posts recently. I can’t deny that I love them. I’m on Pinterest daily hunting down a realistic income report from a small time UK based blogger. Where are you all? The thing is people only seem to post them when they’re earning tons and tons of money. ‘How I earnt $43,867 in my first three months of blogging!’. That kind of shit. You know? So I don’t really like income reports anymore. I just read them to get annoyed and go back to working my ass off.
Obviously, this blog revolves around money. It’s a lifestyle, budgeting, house stuff, what am I doing with my life hybrid blog. But it’s still new and I probably don’t invest as much time into it as I should do. And I have one of those real jobs that so many big earning bloggers seem to forget about.
I’m not really bothered about earning an income from this blog (read why here). I love my job. I wrote an entire post about it (which you can read here). Don’t get me wrong, I’d do a little dance if I did start earning an income or someone offered to buy me a house. Alas. Real life doesn’t work like that.
So, although I’m quite against posting content just because it’s on trend, I feel like income reports are quite a good way of showing you how much I earn and save monthly. You see, because I’m a waitress it fluctuates quite dramatically. That’s why I’ve found other finance and budget bloggers tips a little bit difficult to get my head around. It’s super hard to get a budget together when you don’t know what’s coming in each month.
So no, this is not your average income report. This is a waitresses income report. Although I’m not on minimum wage, I am still on a lower hourly rate than most 9-5 workers I know. However, because I’m on a zero hour contract, I can cram loads of overtime into my week to get paid twice as much as boring 9-5ers (no offence).
Income Report: May
I’m a waitress, which I love and hate. But I can earn a ton of money if I put the hours in and get good tips. I’m almost a bit scared to write this income report, because it might make some of you stop tipping waitresses everywhere. Please don’t do that. I wrote this post here arguing both sides of the tipping debate. Read it before you make your mind up. So I’ll break this down into two categories: how much I earnt in salary, and how much I earnt in tips.
Income Report: Salary
Here in the UK, May is a mad month. For most of you, I imagine you loved it. The weather was literally unlike anything I’ve ever seen before in this country. There was two bank holidays. AND the kids get a half term (so a full week off school). Yeah that sounds fun, unless you’re a waitress.
The restaurant was packed out everyday, so so busy. This is good because it means I get more hours and more tips, but bad because now I can’t feel anything below my waist. In total, I worked 256 hours. That’s crazy to see it written down in one lump sum like that. But May does overlap into a fifth week.
I also got a pay rise (yay). So midway through May my pay jumped up by 50p an hour. Doesn’t like a lot, but look how many hours I do. Still £128 a month.
In total, my gross income for May was £2,271.30. And after taxes and all that jazz, I took home £1,816.12.
Income Report: Tips
Touchy subject, and one that I’ve never discussed. Every waitress earns their tips differently. Some keep everything they are given. Some give it to the company to be divided and added to their paycheck. We do a mix of the two – it all goes together into one pot, but gets divided equally at the end of the night (evening shifts) or week (day shifts).
This form of earning tips means that I don’t pay taxes on my tips, and I have to declare them myself. Obviously, most waitresses love this! However, as I am trying to buy a house, I need to accurately portray my maximum annual income to be able to qualify for a mortgage.
Did I mention that I was also useless? In an ideal world, I would save my weekly tips and then go and deposit them into my bank on my day off and declare them. Because I am physically unable to do that (due to laziness and a talent for procrastination) I have decided to adopt a different method.
So, how much do I earn in tips already?
This is where the penny jar come in. I have a completely sealed ‘penny jar’. Like, I literally can’t get into it without a tin opener (and I can’t use a tin opener anyway). I actually wrote about this when I was updating you all on my current savings situation, which you can read here. But I put all my tips in there, immediately when I get home from work. That’s my trick to stop me spending it. One day (the 8th of October actually), I will open this tin and march straight to the bank to deposit the cash. And then declare it as an additional income.
In May, I earnt £498 in tips. And it’s all in one penny jar that could be stolen at any minute.
Not your Average Income Report: Summary
To sum it all up:
Net Salary: £1,816.12
Total Income: £2,314.12
And how much closer am I to buying a house? Well not much closer, because you have to save a lotttttt of money to buy a house. But I do have £4,211.13 in my savings account, plus £498 in my penny jar. Considerably higher than the last time I updated you (this post here).
I don’t know if I’m going to make this a regular thing. Probably not, because a lot of maths is involved. But I still love reading them! If you post this sort of thing, leave your link down below or come find me on Twitter! Especially if you’re a newbie UK based blogger, and earning less than $50K a year from your start-up blog.