July 2018 Income & Expenses

waterfallRocks
3 min read

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

Related: June 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.

Income

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

Monthly Income Streams
  April May June July
Passive
Income
CVS Stock    $9.75    
KR Stock      $5.10  
WPC REIT  $101.85      $104.04
OHI REIT    $91.15    
JCAP REIT $54.37     $55.44
LADR REIT  $96.70    $101.86
VDC Fund      $81.98
VYM Fund     $15.57  
VTI Fund     $21.15  
Ally Bank Interest  $12.42  $14.22  $17.37  $18.88
Side Hustle
Income
Blog Income $653 $1,120 $577  $1,044
9-5 Income
Data Scientist $4,827 $4,827 $4,670  $4,584
Total Monthly
Income
$6,362 $5,784 $5,306  $5,990
  April May June July

Here’s my July income according to type:

incomeJuly2018.JPG

Expenses

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

spendJuly18table.JPG

spendJuly18bar

Total July Spending: $1,999

The Net

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

incomeExpJuly2018.JPG

July Savings Rate: 67%


Recap

I earned a total of $5,990 in July through three income sources:

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

2. Blogging income from ads and affiliate links ($1,044)

3. Dividend income from stocks and REITs ($362)

This was my second-highest blogging income month ever, which is a tremendous feeling. This was also my highest dividend income month ever. For perspective, here are my numbers for July 2018 compared to July 2017:

July 2018 combined blogging and dividend income: $1,407

July 2017 combined blogging and dividend income: $323

That’s over a 4x increase in only 12 months. I’m excited to see what these numbers look like in July 2019.

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 $1,999. The bulk of this spending came from only a few categories:

1. Rent ($611)

2. Car payment/insurance ($400)

3. Food ($313)

4. New Apartment Application ($200) – although $100 will be refunded when I move in, as I qualified for a 50% application.

Looking Ahead

My current apartment lease ends on August 31st. A few weeks ago I signed a new 12-month lease for an apartment closer to my work where the monthly rent is $878. This is slightly higher than I had hoped to pay, but it’s in a great location and it had everything I was looking for.

This means my big two expenses (housing and transportation) will hover around $1,300 per month over the coming year which will allow me to continue to save 60%+ of my income each month.

At the end of this next 12-month lease I expect my net worth to be over $150k, which will give me some serious financial flexibility.

Through blogging and dividends alone I typically cover 50% or more of my monthly expenses. I expect this number to increase over the coming months. 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.

14 Replies to “July 2018 Income & Expenses”

  1. It’s so exciting to see your passive income increase year to year and month to month. Congratulations! And thank you for sharing. I love seeing real numbers. The possibility you could quit your 9 to 5 and live on these sources is awesome. I’m pumped to continue following your journey.

    1. It’s pretty incredible for me to see the numbers consistently increase over time as well. Hopefully the continue to grow. Thanks for the kind words as always 🙂

  2. That’s awesome! Here’s a question for you (I’m gonna search your site for an answer too) what affiliates are you having the most success with?

  3. Sweet and simple. I like it. Nice milestone hit! Got there last update myself. New apartment will be fun.. is it new to you or new to the world? I remember the car payment being new… what did you do with your old car and how did you decide which new car to get?

    1. Thank you! The new apartment is new to me. And I had initially leased my Honda Civic for three years, so when the lease ended just a couple months ago I decided to get a loan for it for about $12k instead of buying or leasing a new one.

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