Recharging the Checking Account [July 2015]
Category : Uncategorized
Back home right now, working for a couple weeks before hitting the road again.
Traveling in July was another expensive month for me. I drove from Lake Tahoe to Vancouver, back to Lake Tahoe, and then home to Detroit.
It was well over 5,000 miles, and somewhere around $600 in gas.
Driving across the continent is not cheap.
Dividend Income: $162.56
Percentage of expenses paid by dividend income: 7.7%
That’s under 10% of my expenses being paid by dividend income during two of the last four months.
Part of the issue here is that I don’t really try to be as frugal when I’m on the road. It’s easier for me to pinch pennies when I’ve fine-tuned a routine.
I’ll be hitting the road again in a couple weeks, and I’m going to need to do a much better job of controlling my expenses. At this point it’s a necessity. For me to be able to continue traveling this year, I can’t spend $2k a month.
Dividend income has remained steady this year. I’m sitting on $500 cash in my brokerage account. Another $500 and I’ll make a stock purchase. Pretty excited about having my investments make investments. Still, the compounding seems slow. I’m looking forward to a time several years from now when each month I’ll receive over $1,000 in dividends and make a new investment each month with that income.
|BAXTER INTERNATIONAL INC||26|
|COCA COLA COMPANY||33|
|KIMBERLY CLARK CORP||10.56|
|ALTRIA GROUP INC||13|
|PHILIP MORRIS INTERNATIONAL||38|
|REALTY INCOME CORP||19|
|GENERAL ELECTRIC CO||23|