I apologize for the lack of updates on the site as of late. I have been out of town the last few weeks on a business trip, and it has been difficult for me to find the time to post. Here is an update on my monthly expenses for the month of June.
For this month, the spending was somewhat irregular, since I was out of town for so many weeks. As such, the food bill reached an astronomical high, with constant eating out and entertaining. Since I was on the road, I wasn’t able to pack a lunch or make my own dinner. I tried to expense as many items as I could, so luckily I didn’t have to pay for the hotel, or the car rental. Although expenses were up this month, I still managed to save over 70% of my net income, which to me is still pretty good. Hopefully I will be able to get back on track next month!
June was a great month for dividend payouts as the majority of my holdings pay in June. The total received for the month was $171.46, a personal best. Year to date, the portfolio has generated just short of $300. It is only year 1, so the passive income is still on the low end, but the progress being made is very encouraging.
| Rent | $750.00 | ||
| Utilities | $15.00 | ||
| Internet | $15.00 | ||
| Food | $125.69 | ||
| Gas | $109.07 | ||
| Phone | $50.00 | ||
| Other / Fun | $152.99 | ||
| Total | $1501.00 | ||
| Expense Ratio | 29.19% | ||
| Savings Ratio | 70.81% |
Here is an update on the dividends received this month:
| 6/29/2012 | PEP | $21.67 | |
| 6/27/2012 | BP | $12.00 | |
| 6/15/2012 | CSX | $11.20 | |
| 6/11/2012 | CVX | $22.50 | |
| 6/11/2012 | EMR | $10.00 | |
| 6/11/2012 | SDRL | $39.61 | |
| 6/8/2012 | EXC | $25.84 | |
| 6/4/2012 | WMT | $10.00 | |
| 6/1/2012 | COP | $18.64 | |
| Total | $171.46 | ||
| Year to Date | $299.87 |
Holy crap, a 70% savings rate is phenominal! If you can keep that up it shouldn’t take long to reach FI. I’m pretty sure I’d get burned out saving that much, hopefully you have more willpower than I do.
Most people don’t think it’s possible to retire before 40. Prove ’em wrong.
CI,
Thanks for the words of encouragement! I am doing my best to be frugal; some months are better than others. With that said, there is always a happy medium that balances savings and enjoyment. I’d hate to cutback to the point where I felt deprived and unable to enjoy life. So far, so good.
Yep, that’s the plan. Hoping to retire by 35… but I’ll settle for 40 😉