August 2018 Income & Expenses

3 min read

At the end of each month, I provide a recap of every dollar I earned and spent.

Related: July 2018 Income & Expenses

I share these numbers because I have always found it insightful to see the real numbers behind a blogger’s financial journey. I love talking about how to earn more and save more, but it’s helpful to provide a behind-the-scenes look at how I’m actually managing my own money.


Here’s what my income looked like in August along with the previous three months. All numbers are post-tax.

Monthly Income Streams
  May June July August
WPC REIT      $104.04  
OHI REIT  $91.15      $93.25
JCAP REIT  $55.44  
LADR REIT     $101.86
VDC Fund     $81.98
VTI Fund    $21.15  
Ally Bank Interest  $14.22  $17.37  $18.88  $24.84
Side Hustle
Blog Income $1,120 $577 $1,044  $790
9-5 Income
Data Scientist $4,827 $4,670 $4,584  $4,584
Total Monthly
$5,784 $5,306 $5,990  $5,492
  May June July August

Here’s my August income according to type:



Here are my August expenses generated from my Monthly Spending App:




Total August Spending: $2,334

The Net

Here’s a visual look at my total income, expenses, and net savings in August:


August Savings Rate: 58%


I earned a total of $5,492 in August through three income sources:

1. My day job income as a data scientist ($4,584)

2. Blogging income from ads and affiliate links ($790)

3. Dividend income from one REIT and interest from my savings account ($117)

Related: If you’re interested in starting your own blog, check out my guide here that shows the exact steps I followed to create this site.

My total spending this month came in at $2,334. The bulk of this spending came from a few categories:

1. Rent ($611)

2. Car ($400)

3. FinCon Plane Tickets ($287)

4. Miscellaneous expenses related to a weekend trip to Michigan ($273)

5. Groceries ($255)

Looking Ahead

My current apartment lease ends today and I’ll be moving into a new apartment about 20 minutes away later this afternoon. The monthly rent on the new place is $878, which is higher than I am currently paying now so my monthly expenses will be a bit higher moving forward.

My monthly transportation and food costs will remain the same moving forward so my big three expenses of housing, transportation, and food will likely hover around $1,600 – $1,800 each month, which means I should still be able to save close to 60% or more of my income each month.

The good news is that I’m able to cover around 40-50% of my expenses each month through blogging and dividends alone. I expect this percentage to increase over the coming months as well.

Depending on what type of income I am earning outside of my day job by this time next year, I may no longer need the paycheck from a 9-5. Until then, I’ll keep providing monthly updates.

That’s all for this month, thanks for reading 🙂

My favorite free financial tool I’ve been using since 2015 to manage my net worth is Personal Capital. Each month I use their free Investment Checkup tool and Retirement Planner to track my investments and ensure that I’m on the fast track to financial freedom.

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Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

12 Replies to “August 2018 Income & Expenses”

  1. Always awesome to see other people’s numbers! Thank you for sharing. It looks like you’re killing it 🙂 . I’m currently messing around with a new format for my quarterly budget check-ins. I’m going to try and channel your clean design approach (AKA “What would Zach do” 😉 ). Good luck on your move today!

  2. Hey Zach,

    New reader of yours. Love how you break out these numbers for your income and expenses. Congrats on 58% savings rate. I’ve also just recently been able to get around a 60% savings rate, it’s a really good feeling.

    Do you have a goal budget or savings rate you try to hit each month?


    1. Thanks Josh! I typically aim for a minimum savings rate of 65% each month. It fluctuates from month to month, but I generally save 60-70% of my income most months

  3. Do you only consider dividends for income on investments and not growth of assets like increase of share price? Trying to make sure I am doing my calculations correct.

    Thank you!

    1. I personally consider dividends as income because it’s a payment I receive and can do whatever I want with, just like a paycheck. If you want, you can consider dividends as growth of an asset instead though, since the way you earn money from assets is through a combination of dividends and price increases. Just depends on how you want to calculate it.

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