Paying For Trip Preparations [March 2015]
Category : Uncategorized
While I’m traveling I still will be posting financial updates on this blog. My dream is to be financially independent and have the freedom to travel anywhere I want. What I spend over the next several months will be a much truer test of how close I am to financial independence than when I am sitting at home minimizing expenses.
As I travel, I plan to be frugal without being obsessive. I want to enjoy traveling and be able to do the things that I want. That generally means sacrificing comfort for experiences. A week of free tent camping instead of paying for a motel/hotel can allow me to purchase a surfboard or an ocean fishing trip.
During the month of march, I spent an unusually large amount of money. In-fact, I think this is probably the most money I’ve ever spent in one month. Some of the more expensive purchases: car roof rack, hard-top storage box, set of hex nuts, set of cams, dozen carabiners, cooler, speeding ticket, and bike rack.
Dividend Income: $191.83
Percentage of expenses paid by dividend income: 7.2%
Unfortunately because I spent so much money, the passive income as a percentage of expenses dropped down to the single digits. It hasn’t been single digits in the last 6 months. I’m not worried about spending this much money at all though, many of the purchases I made were one-time expenses.
The graph is deceiving; it makes it look like I’m losing progress. For this reason I’d like to start charting a second metric, simply passive Income received each month:
The trend in amount received is not susceptible to swings in my monthly expenses.
The following is a list of the dividends I received during March 2015:
|MIDDLESEX WATER CO||12.51|
|EXXON MOBIL CORP||28.98|
|JOHNSON & JOHNSON||21|
|SOUTHSIDE BANCSHARES INC||8.74|
|CONSOLIDATED EDISON INC||32.5|
|OLD REPUBLIC INTL CORP||14.8|
|REALTY INCOME CORP||18.9|