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Hello all,
I hope everyone has enjoyed the summer as it winds down. There’s not much time left before we settle back into our cold-season routine.
I have some good news regarding the blog, and I want to thank you all. I’ve noticed a spike in traffic ever since I posted a review of my Discover It credit card. It quickly became my most-viewed post in such a short time.
To all my new readers, welcome! Every month, I share a detailed breakdown of my expenses, dividend income, and how much I spent on bills and daily essentials. Whether you’re new here or returning after some time away, I’m glad to have you. I hope we can learn and grow together in this amazing community.
Now, let’s dive into the report.
Related Posts: May 2024, June 2024, July 2024
Table of Contents
Here’s a Look at My Expenses for August 2024
August has been an expensive month—probably the heaviest spending month I’ve had in a long time. The last time I remember spending this much in a single month was back when I was less mindful of my finances.
But this time, it’s different; this time, it was necessary. We had to replace the roof after noticing too many shingles scattered around the yard on windy days. I’m glad I tackled it early as a new homeowner, so I won’t need to worry much about it for the next two decades.
| Mortgage | $2000 |
| Car Maintenance | $410.60 |
| Restaurants | $14.70 |
| Groceries | $97.98 |
| Home Improvement | $9100.05 |
| Mobile Phone | $0 |
| Internet | $109.99 |
| Gasoline/Fuel | $50 |
| General Merchandise | $82.51 |
| Total | $11865.83 |
Dividends for August 2024
In August 2024, I received $43.25 in dividend income, marking a $6.14 increase compared to August 2023. This growth highlights the progress I’ve made in building my investment portfolio, and it’s encouraging to see the steady rise in passive income.
| Months | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Div Income | $37.46 | $38.92 | $91.36 | $45.49 | $39.72 | $65.20 | $84.10 | $43.25 |
August 2024 Summary
At first, it was a stressful month. I didn’t want to go back to debt and drain my savings. But I changed the way I view that expense and put a plan on how I will be repaying and boosting back my savings to it’s normal threshold.
However, after reflecting on how much worse the situation could have been, I created a plan to repay the expenses and rebuild my savings to their usual level. Now, I can put the worry aside for at least two decades.
How was your month?
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Gio founded TheGrowthFocusedGuy in January 2020 because he was fed up with debt.
His mission is to document his journey to Financial Independence in order to motivate and inspire others to get out of debt and begin building generational wealth.
