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
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?
