Many of the bloggers that I know have found ways to monetize their blogs. It can be a great source of income and some of us have even made our blogging and social media work a full time career. If you haven't made an income from your blog yet or are looking for more money making opportunities, check out these 10 blogging networks you should join to monetize your blog.
With monetizing comes tracking your payments and expenses. This is not only important to be able to keep track of what you're making and paying out, but this information will definitely be needed once tax time rolls around too. I keep a very detailed report of what I make so that I know what I've been payed, what payments I'm expecting and the expenses that come with running a blog.
I've made a copy of the sheet that I use to track money blogging so that you can make a copy to keep track of your own records. To make a copy of the spreadsheet, click on "File" in the top left corner, then click on "Make a Copy". You can then rename your spreadsheet and edit it to your needs. Like any spreadsheet, you can even add your own sheets, column, rows and personal touches. This is just a basic template that should help you to better keep track of your income and expenses.
The thing that I really like about this sheet is that you can see everything at a glance. The income that I bring in is categorized by date and then tallied at the end of each month. The income that I'm expecting is logged underneath the monthly area so that I can easily see what kind of money I can expect to bring in within the next couple of months. If I'm trying to budget for the next week or for bills at the end of the month, I highlight the amounts that I know will be coming in by then. Keep in mind that you can't always know for sure and payments can be off even by a day or two, but some of the networks pay on a schedule; ie. 30/45/60/90 days net, so that you can pretty much figure in when your payment will be submitted.