December Passive Income and Expenses
|
Expense
|
Cost
|
|
Groceries
|
$280.26
|
|
*Rent
|
$250
|
|
Student Loan
|
$50
|
|
*Utility Gas
|
$81.44
|
|
General Merchandise
|
$259.88
|
|
Car fuel
|
$182.16
|
|
Restaurants
|
$64.20
|
|
Auto Insurance
|
$108
|
|
Brazilian Jiu-Jitsu
|
$90
|
|
Phone Service
|
$42.50
|
|
Gifts
|
$578.35
|
|
*Dish
|
$39
|
|
*Cable Internet
|
$37
|
|
Post Office
|
$39.49
|
|
*Electric
|
$47.63
|
|
Car Repairs
|
$7.43
|
|
Liquor
|
$64.23
|
|
Entertainment
|
$150.50
|
|
Total
|
$2372.07
|
*These are expenses that are split between my significant
other and I.
Last month
my passive income was much better than I expected. The passive income made up
for the heavy spending this month. I am hoping that the passive income will
keep increasing every month. My intentions are to keep a frugal mindset for the
year of 2015. I have already looked into cutting a few expenses which will be
explained in next month’s review. Now let’s take a look at the passive income
for December 2014.
|
Passive Income
|
Earnings
|
|
Target (TGT)
|
$5.76
|
|
American Realty Capital
Properties (ARCP)
|
$3.05
|
|
Johnson & Johnson
(JNJ)
|
$4.93
|
|
ConAgra (CAG)
|
$4.53
|
|
Starbucks (SBUX)
|
$0.86
|
|
Anheuser Busch (BUD)
|
$0.40
|
|
Dunkin (DNKN)
|
$2.26
|
|
Unilever
|
$7.72
|
|
Microsoft
|
$0.71
|
|
Mattel (MAT)
|
$8.55
|
|
Hershey’s
|
$2.54
|
|
Coca-Cola (KO)
|
$8.47
|
|
Time Warner (TWX)
|
$1.82
|
|
Kellogg’s (K)
|
$4.99
|
|
McDonalds (MCD)
|
$9.83
|
|
VFC CORP. (VFC)
|
$1.20
|
|
CD Interest
|
$0.49
|
|
Savings Interest
|
$2.41
|
|
Credit Card Cash Back
|
$20.26
|
|
Total Passive Income
|
$90.78
|
Now let’s
take a look at all of the income sources:
|
Income Sources
|
Amount
|
|
R.C. Job (Net)
|
$1625.76
|
|
I.T. Job (Net)
|
$573.36
|
|
Ebay
|
$70.11
|
|
Dividends
|
$67.62
|
|
Interest
|
$2.90
|
|
CC Cash Back
|
$20.26
|
|
401K
|
$120.48
|
|
Total
|
$2480.49
|
|
Savings Amount
|
$108.42
|
|
Savings Rate
|
4.38%
|
The cash
back rewards are passive income because I don’t have to work extra and I am not
holding a balance on my credit card. Therefore each month I am getting free
money that I can receive in a paycheck or put it towards my current balance. I
was able to save 4.38% of my total income for the month which is quite
horrible, but it’s much better than being in the negative for the month. I
would love to get to 50% at some point but this is going to require some more
discipline and patience. Now let’s see how much of my expenses were covered by
the passive income.
This is the
most exciting part of this post because I can see how much of my expenses were
covered by my passive income. This month 3.8% of my expenses were covered by
the passive income from dividends, interest, and credit card rewards. I would
love to add rental income to that equation someday but for now I am happy with
my progress.
