Paying For Trip Preparations [March 2015]

  • 0

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.

Expenses: $2647.60
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.

Expenses as a percentage of passive income 7.2%

 

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:

jcurtiswebb_PassiveIncome_march_2015

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:

Company Dividend
AFLAC INC 19.5
MIDDLESEX WATER CO 12.51
EXXON MOBIL CORP 28.98
INTERNATIONAL BUSINESS 7.7
JOHNSON & JOHNSON 21
TARGET CORP 10.4
SOUTHSIDE BANCSHARES INC 8.74
CONSOLIDATED EDISON INC 32.5
OLD REPUBLIC INTL CORP 14.8
REALTY INCOME CORP 18.9
BP 16.8
191.83

 

 

 

 


Leave a Reply