Saturday, 4 July 2015

June 2015: Income & Expenses

    June, as I mentioned in my last dividend update post is a slower month for me. With mostly just my monthly dividends hitting my brokerage account. It is also slower during the summer at work, so hours are a bit harder to come by, resulting in lower work income as well. Generally speaking though, I budget myself on a monthly $1,400 in income, so I only just narrowly fell under that. And that estimated earnings total is more of just a guideline to work from and to compare the months current and projected expenses.

Income
$
Work
1291.19
Bonus
42
Dividends
61.93
Total
1395.12

    As I mentioned, work was a bit light this month, in part due to taking a couple days off for vacation and my girlfriends convocation. So the days off were definitely enjoyed and well worth the slight drop in income, you still gotta live and enjoy the summer will it lasts! Bonus income via tips were proportionally lower due to fewer hours as expected.

    On a side note, the blogs AdSense really pulled some weight this month and double the finalized earnings I had since I qualified for it in November! So that is pretty exciting. It was roughly $19! However, since Google only pays out with a minimum threshold of $100, I haven't received it yet and thus didn't report the income here since I record income and expenses as they occur when the money itself gets moved.

Expenses
$
Rent
750
Phone
28.25
Travel
28
Groceries
188.99
Restaurants
19.35
Entertainment
67.77
Other
126
Total
1212.39

    Expenses this month were actually quite good. Compared to last month my travel, restaurant and entertainment costs were way down. As I more often brought meals to work, or due to shorter shifts did not need to bring a meal at all. As well as staying in more, no fancy date night on the town. Also not quite as much extra costs related to drinking or buying games. Also helped that for my birthday in June I received a bottle of rum (cuts down entertainment costs) and subway tokens (cut down on transit), as well as having had bought tokens at the end of May. Groceries were higher than normal due to just buying groceries a bit more, including more fruits and vegetables. And there was a big shop right at the end, so July's food costs might show a bit lower to compensate. :)

     All in all not too bad of a month, made more than I spent although didn't make quite as much as I would have liked (who doesn't?) and spending was fairly controlled. Managed a savings rate of 13%, which is less than what I would like to achieve, but higher than the national average I suppose, so not all bad.

2 comments:

  1. Congrats on a solid month. Over $50 in dividend is very solid. A savings rate lower than what you're aiming for is OK, as long as you can optimize your spending next month and increase your savings rate.

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    1. Thanks for the support Tawcan. You're right, over $50 is definitely not bad by any means. Its merely a result of the timing of dividend payouts within the portfolio. Which also makes July's my best month, and so far its looking to be a great one! :) And you are right, controlling costs as best as possible while working for more income will definitely help with the savings rate.

      Thank you for stopping by :)

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