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 July 2017. You can see all my monthly budgets here.
Income
Wages remain my primary source of income by far. Dividend income was above $1k, always a good thing.
Here is a chart of my dividend income by month for the past 13 months:
Total dividends for the trailing twelve months: $15,195.54, up 19.4% from $12,727.98 a year ago.
Expense
All expenses this month were typical recurring expenses.
Total expenses for the trailing twelve months: $10,112.71, up 6.99% from $9,451.86 a year ago.
Dividend to expense coverage ratio = 1.50, another new high!
Savings
My after tax saving rate was 93.89% for the month of July 2017, exceeding 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 July 2017. You can see all my monthly budgets here.
| Jul 2017 | |
| Income | |
| Wages | $10,296.36 |
| Dividends | $1,258.32 |
| Other Income | $238.53 |
| Total Income | $11,793.21 |
| Expense | |
| Federal Income Tax | $735.83 |
| Federal Tax Pmt/(Refund) | |
| FICA-SS | $427.02 |
| FICA-Medicare | $99.87 |
| Housing | $450.00 |
| Student loan repayment | $35.70 |
| Food | $105.47 |
| Cell phone | $12.22 |
| Electric | $40.28 |
| Total Expense | $1,906.39 |
| Ex-Tax Total Expense | $643.67 |
| Surplus/(Deficit) | $9,886.82 |
| Before Tax Saving Rate | 83.83% |
| After Tax Saving Rate | 93.89% |
Income
Wages remain my primary source of income by far. Dividend income was above $1k, always a good thing.
Here is a chart of my dividend income by month for the past 13 months:
Total dividends for the trailing twelve months: $15,195.54, up 19.4% from $12,727.98 a year ago.
Expense
All expenses this month were typical recurring expenses.
Total expenses for the trailing twelve months: $10,112.71, up 6.99% from $9,451.86 a year ago.
Dividend to expense coverage ratio = 1.50, another new high!
Savings
My after tax saving rate was 93.89% for the month of July 2017, exceeding my 90% saving rate target. I am optimistic that my saving rate will average above 90% for the remainder of the year.
Still don't know how you do it, and I'd recommend eating a little more, but hey! :)
ReplyDeleteThanks for sharing, July was a record month for me in terms of PI,