So here we go into deeper summer with July and August just around the corner, and with it comes by usual seasonal dip in income!
That's just one of the downsides of having an income from education - the monthly revenue is correlated with the college and university seasons and right now it's firmly post-exam and come July and August it's full-on season-off chill-time!
So this means by income drops substantially.
It's not so bad as I earn more during Spring and early summer when it's peak exam time, lots more advertising revenue, lots more resource sales, and so I tend to put something by to get me through the rather bleaker July and August.
This year it matters more than ever as my income seems to be more sensitive now to the seasons than ever!
The projected breakdown is as follows for July, and August should be pretty similar...
I think it's the ads that do it... I get much less captive traffic over summer and not only this the revenue is lower than it is at the end of year when companies are looking to use of their budgets so they pay more for advertising!
As I said it's lucky that I've got some extra money put by, I actually took out CASH believe it or not last month to cover myself, that way I'll look at my bank account less often...
For the first time in ages I don't actually have enough going in over the next two months to cover my expenses, which hasn't happened in a while, but no need to panic... plenty of slush funds and I'm thinking of going back into employment in a couple of years, and the income during Spring, Autumn and Winter will hopefully pick up a little to help me put together another buffer for summer 2024!
We're all feeling the pinch, I guess!
So you do tutoring/exam prep?
!BEER
Not either - it's just a revision blog!
I think you can deal with three months of 12 in a year.
Yeah not too bad!
It's interesting to see different topics and when blog revenues dip and peak. As a former teacher, I'm not surprised college blog views would dip in the summer. I blog a lot of cooking/recipe articles and I make a passive income from them. My best periods are when there is a holiday and people are on Pinterest and see my recipe articles: Thanksgiving, Christmas, July 4th, the Super Bowl, Memorial Day, etc.
It's amazing isn't it - to see those trends emerge at a global level, all those micro habits!
Hang in there! Seasonal dips in income can be tough, but your proactive planning and slush funds will help you navigate this period. Focusing on maximizing earnings during peak seasons and considering future employment options will ensure a more stable financial situation. You've got this!