Recharging the Checking Account [July 2015]

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Recharging the Checking Account [July 2015]

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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.

Expenses: $2112.49
Dividend Income: $162.56
Percentage of expenses paid by dividend income: 7.7%

passive income from dividends in july

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.

passive income dividends in july

 

Company Dividend
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

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