|
Expenses
|
Cost
|
|
Taxes
|
$386.48
|
|
Car Repairs
|
$334.17
|
|
Restaurants
|
$265.61
|
|
*Rent
|
$250
|
|
Entertainment
|
$191.62
|
|
Groceries
|
$180.10
|
|
Car fuel
|
$172.93
|
|
General Merchandise
|
$110.02
|
|
Auto Insurance
|
$108
|
|
*Utility Gas
|
$75.00
|
|
Liquor
|
$71.80
|
|
Student Loan
|
$50
|
|
Post Office
|
$46.83
|
|
Phone Service
|
$42.50
|
|
*Cable Internet
|
$39
|
|
*Dish
|
$22.45
|
|
*Electric
|
$19.00
|
|
Total
|
$2365.51
|
*These are expenses that are split between my significant
other and I.
Expenses were a little high this month due to taxes, car
repairs, and a vacation to Vermont. Unfortunately I had a tax bill to
pay for and that was due in April. My car needed the Emergency brake fixed in
order to get an inspection sticker. Then our vacation to Vermont was the reason
why the restaurants bill was a little higher than usual. The gas for the car
was also high because I drove over 700 miles to get there and back. Next month
things should get back to normal.
Now let’s
take a look at the passive income:
|
Passive Income
|
Earnings
|
|
Baxter (BAX)
|
$1.97
|
|
GlaxoSmithKline(GSK)
|
$4.09
|
|
Diageo(DEO)
|
$2.87
|
|
Bank of NS(BNS)
|
$3.38
|
|
General Electric (GE)
|
$4.92
|
|
Pepsi (PEP)
|
$1.93
|
|
Viacom (VIAB)
|
$2.55
|
|
Coca-Cola (KO)
|
$11.60
|
|
Wal-Mart (WMT)
|
$5.90
|
|
Dr. Pepper/Snapple (DPS)
|
$1.62
|
|
Mondelez (MDLZ)
|
$0.42
|
|
Kraft (KRFT)
|
$9.90
|
|
CD Interest
|
$0.47
|
|
Savings Interest
|
$4.37
|
|
Credit Card Cash Back
|
$48.43
|
|
Total Passive Income
|
$104.42
|
This month
my passive income hit the $100 mark. Not a bad month at all in terms of passive
income. I am hoping I can keep the passive income around this mark each month.
Now let’s
take a look at all of the income sources:
|
Income Sources
|
Amount
|
|
Analyst Job (Net)
|
$1727.51
|
|
Ebay
|
$180.49
|
|
Dividends
|
$51.62
|
|
Interest
|
$4.84
|
|
CC Cash Back
|
$48.43
|
|
Loan Repayment
|
$100.00
|
|
401K
|
$190.00
|
|
Hotel Refund
|
$374.67
|
|
Total
|
$2677.56
|
|
Savings Amount
|
$312.05
|
|
Savings Rate
|
11.65%
|
My goal is to
save at least 37% of my total income annualized for the year. I was starting
out way ahead with a 51.05% saving rate in January. This month I was only able
to save 11.65% of my income. This is way below my average and has put me behind
on my goal for the year.
|
Month
|
Saving Rate
|
|
January
|
51.05%
|
|
February
|
25.89%
|
|
March
|
19.59%
|
|
April
|
11.56%
|
|
New Average
|
27.02%
|
I am a
little behind on my goal to achieve a 37% savings rate overall for the year. About
10% down on my average goal for the year means I really have to take a second
look at my expenses. 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 4.41% of my expenses were covered by
the passive income from dividends, interest, and credit card rewards.
How was your month in terms of
passive income?
