Since 2014, I have been tracking my monthly income and expenses. You can see a breakdown of every penny I earn and spend. For perspective, this budget is for a household of two in a small US city. By documenting my journey, I aim to demonstrate the feasibility of saving a significant portion of your income and provide some ideas and inspirations for your own budget.
Below are my income and expenses for March 2017. You can see all my monthly budgets here.
Income
Wages remain my primary source of income by far. Dividend income reached a new all-time high this month, in reversal to last month's 3-year low.
Here is a chart of my dividend income by month for the past 13 months:
Total dividends for the trailing twelve months: $13,959.85, up 14% from $12,294.59 last year.
Expense
Expenses were all typical recurring expenses this month. Electric was slightly higher than norm at $42.72, not significantly out of the ordinary though.
Total expenses for the trailing twelve months: $10,271.28.
Dividend to expense coverage ratio = 1.36.
Savings
My after tax saving rate was 93.27% for the month of March 2017, back above my 90% saving rate target. I am optimistic that my saving rate will average above 90% for the remainder of the year.
Below are my income and expenses for March 2017. You can see all my monthly budgets here.
| Mar 2017 | |
| Income | |
| Wages | $10,296.36 |
| Dividends | $2,190.97 |
| Other Income | $93.86 |
| Total Income | $12,581.19 |
| Expense | |
| Federal Income Tax | $735.83 |
| Federal Tax Pmt/(Refund) | |
| FICA-SS | $427.02 |
| FICA-Medicare | $99.87 |
| Housing | $450.00 |
| Student loan repayment | $160.47 |
| Food | $87.99 |
| Cell phone | $12.84 |
| Electric | $42.72 |
| Clothing/laundry | $8.00 |
| Total Expense | $2,024.74 |
| Ex-Tax Total Expense | $762.02 |
| Surplus/(Deficit) | $10,556.46 |
| Before Tax Saving Rate | 83.91% |
| After Tax Saving Rate | 93.27% |
Income
Wages remain my primary source of income by far. Dividend income reached a new all-time high this month, in reversal to last month's 3-year low.
Here is a chart of my dividend income by month for the past 13 months:
Total dividends for the trailing twelve months: $13,959.85, up 14% from $12,294.59 last year.
Expense
Expenses were all typical recurring expenses this month. Electric was slightly higher than norm at $42.72, not significantly out of the ordinary though.
Total expenses for the trailing twelve months: $10,271.28.
Dividend to expense coverage ratio = 1.36.
Savings
My after tax saving rate was 93.27% for the month of March 2017, back above my 90% saving rate target. I am optimistic that my saving rate will average above 90% for the remainder of the year.
Nice to see the system rolling along,
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