September 2018 Income & Expenses

waterfallRocks
3 min read

Here is a recap of every dollar I earned and spent in September 2018.

Income

Here is my September income along with the previous three months. All numbers are post-tax.

Monthly Income Streams
  June July August September
Passive
Income
WPC REIT    $104.04    
OHI REIT      $93.25  
JCAP REIT $55.44    
LADR REIT    $101.86  
VDC Fund    $81.98  $54.47
VTI Fund  $21.15    
Ally Bank Interest  $17.37  $18.88  $24.84  $28.04
Side Hustle
Income
Blog Income $577 $1,044 $790  $1,222
9-5 Income
Data Scientist $4,670 $4,584 $4,584  $4,584
Total Monthly
Income
$5,306 $5,990 $5,501  $5,888
  June July August September

Here is a breakdown of my September income according to “type” of income:

incomeSeptember2018.JPG

Expenses

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

 

spendingSept18table-1.JPG

spendingSept18bar.JPG

Total July Spending: $2,543

The Net

Here is my total income, expenses, and net savings in September:

incExpSept18.JPG

September Savings Rate: 57%


Recap

I earned a total of $5,888 in September through three income sources:

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

2. Blogging income from ads, affiliate links, and the Excel Template Pack ($1,222)

3. Dividend income from VDC (Vanguard Consumer Staples ETF) ($54)

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 $2,543. The bulk of this spending came from only a few categories:

1. Rent ($888)

2. Food ($578)

3. Car payment/insurance ($400)

4. Miscellaneous new apartment stuff ($271)

The Big Picture

I spent $2,543 this month, which was higher than my typical $1,800 – $2,000 monthly spending mostly because my food and transportation expenses were higher than usual due to Fincon 2018. Also, I had several miscellaneous new apartment expenses.

This was another nice month for blog income, which totaled $1,222. This means that blogging alone covered about half of my total expenses this month. Over time, I plan on growing the blog income to a point where it can cover 100% of my monthly expenses.

Looking forward, I expect my monthly expenses to hover around $2,000 per month since my big steady expenses will be around $1,700 (Rent = $888, Food = $400, Car = $400). Ideally I’ll be able to save close to 60% or more of my income each month and continue to pad my net worth until I reach a point where I no longer need the income from my day job as a data scientist.

Until then, I’ll keep providing monthly updates. 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.

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