3 min read
Here is a recap of every dollar I earned and spent in September 2018.
Here is my September income along with the previous three months. All numbers are post-tax.
|Monthly Income Streams|
|Ally Bank Interest||$17.37||$18.88||$24.84||$28.04|
Here is a breakdown of my September income according to “type” of income:
Here are my September expenses generated from my Monthly Spending App:
Total July Spending: $2,543
Here is my total income, expenses, and net savings in September:
September Savings Rate: 57%
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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